Dalmore Capital

Dalmore Capital is an independent fund management company specializing in lower volatility infrastructure assets, primarily in the UK. The firm manages approximately £6 billion across five flagship funds, investing in essential infrastructure projects such as public-private partnerships, energy utilities, and transport systems. Their portfolio includes over 130 assets, with notable investments in the Thames Tideway Tunnel and 24 operational wind farms in the UK.

The firm's investment strategy emphasizes long-term value creation by acquiring and managing operational infrastructure assets. Dalmore Capital focuses on sectors like energy, utilities, transport, and social infrastructure, targeting stages such as buyouts, growth, and turnarounds. Their approach aims to deliver stable returns while supporting the transition to a more sustainable economy.

In May 2025, Dalmore Capital was acquired by Royal London Group, enhancing Royal London's private assets capabilities and expanding its presence in the UK infrastructure market. Despite the acquisition, Dalmore Capital continues to operate as a standalone business, benefiting from the resources and scale of the wider Royal London Group.