The investment manager has over $1.4 trillion (approximately £1.1 trillion) of assets under management and also has the option to acquire a further £125m of assets from MTF.

The bridging lender – which was established in 2008 – has completed in excess of £250m in loans over the last few years, predominately funded from their relationships with high-net-worth individuals.

“We are delighted to be partnering with an institution of such significant standing and this additional funding will enable the company to drive forward the ambitious growth plans we have in place to grow MTF into the market-leading bridging finance provider,” said Joshua Elash, co-founder of MTF (pictured above).

•   £13bn mortgage sell-off completed
•   Bank sells off £1.65bn mortgage portfolio
•   Average bridging rates drop to 0.78%

MTF was advised by the financial services corporate team at EY, while Charles Bischoff and Katie McMenamin at Travers Smith LLP provided legal advice to the lender.

“We would like to give our thanks to Nick Parkhouse and the team at EY, who spent the time to understand the shareholders’ goals, worked with us to devise a long-term plan and then set about executing the transaction supporting us through the entire process,” Josh added.

Nick Parkhouse, executive director and head of finance services debt advisory at EY, added: “The team here is absolutely delighted for Joshua and Tomer and the whole team at MTF and look forward to continuing to support them in their future successes.”

Tomer Aboody, co-founder of MTF, concluded: “This is an exciting day in MTF’s history and starts a new chapter of growth.

“We look forward to continuing to engage with our highly valued client and broker relationships.

“We move forward into 2017 with significant optimism for the future.”