Dalmore raises £430m

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Dalmore Capital raised £430 million and held the first close for its third infrastructure fund, Dalmore Capital 3.

Dalmore Capital 3 targets to raise £500 million, with £750 million hard-cap. It invests in PPPs and regulated assets in the UK.

Currently, the fund has raised capital from nine European investors, including Greater Manchester Pension Fund, Derbyshire Pension Fund, Falkirk Council Pension Fund, the Lothian Pension Fund, Volkswohlbund and Northern Trust Nominees (Ireland).