Alistair Ray is the co-founder and Director of Dalmore Capital Limited, a leading independent UK fund manager focused on helping institutional pension funds invest in UK government owned infrastructure assets. 

Prior to setting up Dalmore, Alistair was a Director at Merrill Lynch, with joint responsibility for growing the teams infrastructure origination capability in Europe and the US. Previously, Alistair has also held senior positions at 3i, Noble and Company and Edison Capital all of which have focused on investing in infrastructure assets. Alistair began his career at the British Linen Bank a subsidiary of the Bank of Scotland in 1997.

Throughout his career Alistair has been closely involved with funding government social infrastructure assets including a significant number of UK Hospitals and Schools and he continues to sit on a number of the boards of a number of these special purpose financing companies.