Who we are

Dalmore is a UK-focused infrastructure investment manager with deep expertise across the investment lifecycle including acquisition, active management and exit, delivering long term value for its investors.

Who We Are - Dalmore Capital

£5.7 bn+ assets under management

128+ infrastructure assets

5 flagship funds

£3.4 bn of co-investment deployed alongside flagship funds

Investment case studies

View case studies of Dalmore assets.

How we invest - Dalmore Capital How we invest - Dalmore Capital

Investment strategy

How we invest

For the past 14 years Dalmore has focused on investing in infrastructure that provides services critical to the functioning of society.

Through disciplined selection Dalmore funds have invested in lower volatility assets without significant exposure to GDP, traffic, usage or market price risk. Geographically Dalmore’s focus remains the UK, although we also manage assets in Europe and North America.

Looking forward, the UK mid-market core and core-plus segment continues to be our main focus, which we believe offers opportunities where disciplined underwriting, a thorough analysis of market exposure and local market expertise may support attractive risk-adjusted returns.

Our funds

Dalmore Capital Fund

Dalmore Capital Fund - Dalmore Capital

Dalmore Capital Fund

£249 million close-ended fund established in 2012 to acquire operational Public Private Partnerships in the UK.

PPP Equity PIP

PPP Equity PIP - Dalmore Capital

PPP Equity PIP

£534 million close-ended fund established in 2014 to acquire operational Public Private Partnerships in the UK. PIP has a term...

Dalmore Infrastructure Investments

Dalmore Infrastructure Investments - Dalmore Capital

Dalmore Infrastructure Investments

£440 million close-ended fund established in 2015 to bid for and invest in the Thames Tideway Tunnel (“Tideway”) project. DII...

Dalmore Capital Fund 3

Dalmore Capital Fund 3 (“DCF3”) - Dalmore Capital

Dalmore Capital Fund 3

£950 million close-ended fund established in 2017 to acquire infrastructure investments in the UK. DCF3 has a term of 15...

Dalmore Capital Fund 4

Dalmore Capital Fund 4 (“DCF4”) - Dalmore Capital

Dalmore Capital Fund 4

£138 million close-ended fund established in 2021 to acquire infrastructure investments in the UK, building on the successful strategy of...

Meet our team of experts

Dalmore’s team comprises of investment professionals as well as finance and support staff.

Responsible investment

Dalmore takes a pragmatic, purpose‑driven approach to responsible investment — grounded in the fiduciary duty to act in clients’ best interests while delivering tangible, real‑world outcomes.

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.