Royal London completes acquisition of Dalmore Capital

Published  03 November 2025
   1 min read

Royal London has today completed its acquisition of Dalmore Capital, a leading UK based infrastructure investment manager.  

Dalmore Capital manages circa £6 billion in assets, delivering essential UK infrastructure and supporting the transition to a more sustainable economy. The acquisition reflects Royal London’s strategic ambition to grow its private assets capabilities and respond to the increasing demand for access to real assets that provide diversification, stable income and positive social and environmental impact. It also deepens Royal London’s presence in the UK infrastructure market at a time of renewed government and private sector focus on investment to drive growth and resilience. 

Ownership of Dalmore Capital and its asset servicing arm, Resolis, has transferred to Royal London Asset Management but they will continue to operate as standalone businesses while benefiting from the strength and scale of the wider Royal London Group. 

You can read the original announcement here.

For further information please contact:

Andrea Ward, Senior PR Manager

About Royal London

Royal London is the UK's largest customer-owned life, pensions, and investment company, and one of the top 30 mutuals globally*. With over 160 years of heritage and no external shareholders, we're able to take a long-term view, focusing on supporting better outcomes for our customers.

Today, Royal London looks after 8.4 million life and pension policies, with £212 billion of assets under management and over 5,000 colleagues**. In 2026, we shared £199 million of our profits with approximately 2.4 million eligible customers.

We invest in partnerships that reflect our values, including being the only Founding Partner of the first British & Irish Lions Women's Team, supporting women's and girls' rugby across grassroots and elite levels to help develop the next generation of players and coaches. All driven by our commitment to doing what's right for our customers. 

Royal London works for you.

Discover more at royallondon.com.

*Based on total 2024 premium income. International Cooperative and Mutual Insurance Federation Global data, 2026.

**Figures quoted are as at 30 June 2026.

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