Our People

Alistair Ray

Founding Partner & CIO | London

Alistair Ray - Our People - Dalmore Capital

Alistair co-founded Dalmore in March 2009 and serves as CIO. He is a member of the Dalmore Board, the Investment Committee and the Executive Committee. His day-to-day responsibilities focus on leading the investments and fundraising teams, and he serves as a Board Director of Cadent Gas and Cory.

Alistair has 28 years of infrastructure experience. Alongside overseeing Dalmore’s investments, he has experience of investments in Fiddlers Ferry and Ferrybridge power stations, PD and ABP ports, the SH121 toll road in Texas, and Oiltanking GmbH, an operator of liquid bulk terminals.

Prior to Dalmore, Alistair was a Director at Merrill Lynch, with joint responsibility for developing infrastructure origination capability in Europe and the US. Before that, he was a Director at 3i, one of the core investors in I2, where he led the bid to invest in a major US highway PPP project and closed infrastructure transactions in the Netherlands, Malta and Singapore. He was also a member of the team that successfully floated 3i Infrastructure plc on the London Stock Exchange.

From 2001 to 2004, Alistair was a Director and shareholder of Noble PFI, having spent the preceding three years at Edison Capital. Alongside Michael Ryan, he led the Noble-backed management buy-out of Edison Capital’s PPP portfolio and subsequently managed the sale of the Noble PFI portfolio to I2. While at Edison Capital, Alistair was active in developing the UK focused PPP portfolio and in the purchase of the Fiddlers Ferry and Ferry-bridge power stations from Powergen.

Alistair started his career at the Bank of Scotland, with financing wireless and fibre telecoms transactions.

Alistair holds a degree in Computing and Electronics

Alistair Ray - Our People - Dalmore Capital
Our Culture - Our People - Dalmore Capital Our Culture - Our People - Dalmore Capital

Our culture

Dalmore’s culture centres around its values and behaviours that describe how we work and bring to life the ways in which we operate.

Disclaimer

The contents of this website have been prepared for information purposes only. No investment or tax advice is being given on this website. Nothing on this website should be regarded as an offer or solicitation to buy or sell any investment or an offer or solicitation to provide investment services or as a comment on the merits of engaging in any investment transaction or activity or an inducement to do so. Statements made on this website are subject to change, correction or update without notice.

The information on this website is directed exclusively at persons or entities domiciled in the United Kingdom who fall under the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001. Persons who do not have professional experience in participating in unregulated investment schemes should not rely on this information.

In the case of persons outside of the United Kingdom, this website is only directed to persons who may lawfully access it without breach of law or regulation or imposing any requirement on Dalmore Capital Limited or any other person to be licensed, registered or approved in any other jurisdiction. If you are an overseas user, it is your responsibility to acquaint yourself with the laws and regulations in your jurisdiction and to ensure that you may access the website without breaching them.

In particular, the information on this website is not directed at or intended for use by residents or citizens of the United States, nor is any of the information an offer of securities for sale in the United States. Securities may not be offered or sold in the United States in the absence of registration under the US Securities Act of 1933 (Securities Act) or an exemption from registration. Dalmore has not registered and does not intend to register any securities under the Securities Act and does not intend to make a public offering of any securities in the United States or in any other jurisdiction

The value of investments may go down as well as up and investors in the products and services referred to on the website may not get back the amount they invested. Any references on this website to past performance of investments are not a reliable indicator of future returns. Users should always acquaint themselves with the contents of any finalised marketing materials before making a decision to invest in any product or service referred to on the website.

Dalmore Capital Limited is a company incorporated in England and Wales which is authorised and regulated by the Financial Conduct Authority with firm reference number 509930.