About Us

Dalmore Capital Limited

Dalmore Capital Limited is an independent fund management company that provides institutional investors with access to lower volatility infrastructure assets, particularly in the UK. The firm was formed in 2009 by Michael Ryan, John McDonagh and Alistair Ray, each of whom has significant experience in making and managing infrastructure investments and who have worked together in previous firms for many years. The firm currently has 30 staff; 20 members focused on acquisition and asset management and a further 10 finance and support staff. The team has collective infrastructure experience of over 300 years.

Dalmore manages over £2 billion. This capital has been sourced from leading institutional investors in the UK and overseas and is invested through discretionary funds and co-investment/single account vehicles. Dalmore has made investments into over 90 UK infrastructure assets and seeks to differentiate itself from other infrastructure fund managers by:

  • Investing for the long-term – Dalmore has an invest and hold model with typical investment periods of 15 to 25 years;
  • Retaining an investment focus on lower volatility infrastructure assets, particularly in the UK;
  • Sourcing a high proportion of investment opportunities through off-market transactions, including follow-on and repeat transactions; and
  • Delivering co-investment opportunities for investors.