NatWest Trustee and Depositary Services has been appointed as the chosen depositary for a new Dalmore Capital Limited Fund, known as Dalmore Capital Fund 4 LP.
Dalmore Capital is an independent fund management company which focuses on investment in infrastructure assets in the UK. It currently manages over GBP5.5 billion for institutional investors and has constructed a portfolio of over 120 infrastructure assets since its formation in 2009.
Its new vehicle, Dalmore Capital Fund 4 LP, builds on from successful investment strategies used for existing Dalmore Funds and has a target size of GBP1 billion. The vehicle has a strategic focus on investing in assets with strong Environmental, Social, and Governance (ESG) credentials that provide sustainable long-term returns and are critical to the functioning of society.
Matthew Hiscock, Head of Alternative Funds Business Development UK, NatWest Trustee and Depositary Services, says: “The appointment of NatWest Trustee and Depositary Services for this new Fund launch is a great reflection of Dalmore’s confidence in our business and their board’s continued commitment to ESG by appointing a truly independent depositary.
“We’re excited to be playing a key role for a client whose investment strategy reflects our own purpose-led strategy by investing in assets with strong ESG characteristics. We look forward to continuing to build rapport with the Dalmore team and welcome them to our rapidly growing alternatives franchise.”
Julia McIntosh, Finance Director, Dalmore Capital, adds: “We’re delighted to be supported by NatWest Trustee and Depositary Services on our new Fund and joining its alternatives business. We’re committed to partnering with organisations that share our vision of supporting the ESG agenda and we look forward to building our relationship with the team.”