Maslow Capital (Maslow), a provider of development finance in the UK, and TPG Special Situations Partners (TSSP), the dedicated credit and special situations platform of TPG , have formed a joint venture to leverage their collective expertise in the real estate lending sector.
The relationship will bring together the regional expertise, relationships and deal origination capabilities of Maslow and the global strength and resources of TSSP’s investment platform.
Maslow, established in 2009, is a leader in the UK residential property development finance market, providing Senior Stretch and Mezzanine Finance to experienced developers. TSSP has extensive experience with global public and private investments executed through primary originations, secondary market purchases and restructurings.
The newly formed exclusive relationship will focus on direct lending in the UK real estate sector to fill the funding shortfall left when the mainstream banks exited the sector. Specific financial details of the joint venture have not been disclosed.
Marc Rose, Co-Founder of Maslow, says: “We are delighted to have been able to agree this joint venture with TSSP, one of the world’s leading investors in global speciality credit platforms and look forward to building substantially upon our already established market reputation and presence.”