Highly acquisitive lettings and property management firm Lomond Capital has received an undisclosed private equity investment, as it eyes up purchases of agencies across the UK.

In just four years, from a cold start, Lomond has made 20 acquisitions and now has 7,500 properties under management.

It started on the acquisition trail in Scotland, but has since bought in Manchester, and is set to announce deals in other cities, including Birmingham.

It expects to make further acquisitions next year in the south of England.

The new injection of funding is from MML Capital Partners and will allow Lomond to accelerate future expansion. MML is taking a minority share in Lomond.

Since Lomond launched in late 2010 it has established itself as the leader in the Edinburgh, Aberdeen and Manchester lettings markets.

Stuart Pender, chief executive of Lomond, said: “The residential property market offers great investment potential for both private and institutional investors.

“MML has a strong track record in funding ‘buy and build’ businesses and we look forward to working together to expand our business further, especially in England.”

Ian Wallis, managing partner of MML UK, said: “We are very impressed by the management team at Lomond and their success to date.

“We also consider there to be significant growth potential in the UK private rental sector.”