Dalmore Capital raises £950m

The London-based fund management company closes latest fund at hard-cap.

Dalmore Capital has held a final close of Dalmore Capital 3 at its £950 million hard-cap with support from new and existing investors based in the UK, Germany and Asia. The fund will primarily target low volatility opportunities in UK infrastructure businesses.

Strathclyde Pension Fund, Derbyshire County Council Pension Fund and the Greater Manchester Pension Fund were among the investors in the fund.

Atlantic-Pacific Capital acted as the global placement agent for the fund.