Elliott will provide the Guernsey-based international bridging lender with up to £300m of funding to help build its proposition and deliver its lending mandate on a global scale. 

Tenn Capital offers short-term finance secured against UK and selected international residential real estate, with a focus on high-value loans and complicated lending scenarios. 

“We are delighted to announce this joint venture with one of the most formidable names in global finance,” said Matt Watson, CEO at Tenn Capital (pictured above).

“We received funding offers from a range of potential partners, but it was so important that we found a partner who understands our vision, lending appetite and attitude to risk. 

“In Elliott, we have absolutely found that and are delighted to be working with them to accelerate our lending proposition.”

Tenn Capital launched in June by the team behind HNW brokerage Enness Global Mortgages.

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It offers loans between £1m-20m in the UK, offshore, and in select international locations where the borrower requires fast liquidity. 

“I am proud of our team for building the infrastructure of Tenn Capital in such a short timeframe,” Matt shared. 

“Signing this agreement is vindication of the robustness of our systems, processes and credit that will power the engine of Tenn Capital for years to come.”

Nigel Le Quesne, chairman at Tenn Capital, added: “This is a significant moment in the development of the Tenn Capital offering and a testament to Matt’s stewardship and the hard work of the rest of the team that this opportunity has presented itself so early in the evolution of the business. 

“We are now in a position to deploy capital in several scenarios where the more traditional lenders do not have the appetite to service, providing a vital lifeline to legitimate clients who have been underserved in the past by the established institutions.”

Elliott Advisors (UK) Limited is an affiliate of Elliott Investment Management LP, which manages approximately $48bn in assets.