Alistair Ray

Alistair Ray

Alistair Ray
CIO, Partner

Alistair co-founded Dalmore Capital Limited in 2009 and is CIO. Alistair is a Dalmore shareholder and board member as well as being on the Investment Committee and Executive Committee. Alistair’s day-to-day responsibilities are focused on the oversight of origination activities and the acquisitions team.

Alistair is also a non-executive director of CAF Bank, the banking arm of the Charities Aid Foundation.

Alistair has 22 years of infrastructure experience.  Prior to Dalmore, Alistair was a director at Merrill Lynch, with joint responsibility for growing infrastructure origination capability in Europe and the US. Previously, Alistair spent 2005 to 2008 as a director at 3i 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 following three years with Edison Capital. Alistair began his career in 1997 with British Linen Bank, where he spent a year as part of the equity team which closed the deal to build Scotland’s first PFI-financed hospital in 1998.

Alistair holds a Bachelor of Engineering honours degree.


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