Real Assets Advisers

What Real Assets Advisers does

Real Assets Advisers (operating brand: RAIM; legal entity: Real Assets Investment Management Ltd) is a London-based, FCA-regulated investment management firm founded in 2019 that originates, executes and manages equity investments in real-asset and infrastructure sectors. Its stated sector coverage spans energy, utilities, social infrastructure, telecoms, renewables, transportation and environmental infrastructure, with deal evidence across the UK (Atrato Onsite Energy alongside Brookfield), Ireland (Celtic Roads Group with IST and DEI), Iberia (ACCIONA Energia with AXA IM and ACCIONA) and healthcare-adjacent transport (Health Transportation Group). The firm is structured as a partner-led platform of five named partners operating from Mayfair, and it co-invests its own principal capital alongside the funds it manages, aligning GP and LP outcomes.

The target investor base comprises pension funds, sovereign wealth funds and insurance companies, with the firm describing itself as backed by long-term institutional capital. The firm currently operates under an FCA Appointed Representative arrangement with Access Equity Management Limited, which provides the regulated perimeter required to onboard UK institutional mandates. Revenue is generated through conventional investment management fees on managed vehicles plus principal returns from co-invested proprietary capital; no AUM, fee schedule or revenue figure is disclosed.

Operationally, the firm's go-to-market is centred on bilateral deal origination by senior partners and embedding alongside tier-one infrastructure sponsors (Brookfield, KKR-led consortium, AXA IM, ACCIONA) rather than competing for lead-mandate positions. This co-investment posture functions both as a deal-flow funnel and as a reputational signal to prospective institutional LPs. Operating geographies span EMEA and Oceania, consistent with the geographic footprint of its named institutional target segments.

Name

Real Assets Advisers

Legal name

Real Assets Investment Management Ltd

Website

https://realassetsadvisers.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Real Assets Advisers is a London-based, FCA-regulated infrastructure investment manager founded in 2019. It manages institutional capital and co-invests its own principal alongside managed funds, serving pension funds, sovereign wealth funds and insurance companies across EMEA and Oceania.

Ownership category

akta.pro rank

Product category

Infrastructure Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)

akta.pro secondary industry

Real Assets — Real Asset Fund Platforms / Multi-Asset Real Assets (Diversified Real Assets Funds) (FSAHAIAM)

Keywords

• Infrastructure investment management
• Institutional asset management
• Energy transition investments
• Principal investment platform
• Real assets advisory

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Management Fees: RAIM generates revenue through investment management fees charged to institutional investors for managing infrastructure investment funds. The firm invests its own capital alongside managed funds, suggesting a co-investment model with aligned incentives.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Real Assets Advisers is an independent principal investment management platform that invests its own capital alongside managed funds into infrastructure, renewable energy, utilities, social infrastructure, transportation, telecommunications, and enabling-technology assets. The firm generates returns for long-term institutional investors by applying a patient and disciplined investment approach, working with top-quality portfolio management teams and executing acquisitions across the energy and infrastructure value chain.

Product overview

Real Assets Investment Management (RAIM) operates as a single unified investment platform rather than a modular product architecture. The core offering is the RAIM investment management platform, which provides principal investment services across infrastructure, renewable energy, utilities, social infrastructure, telecommunications, and enabling technologies. The platform is backed by long-term institutional investors and managed by experienced partners who invest their own capital alongside managed funds to ensure alignment of interests.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Assets Investment Management (RAIM) Platform An independent principal investment management platform that invests its own capital alongside managed funds into infrastructure, renewable energy, utilities, social infrastructure, telecommunications, transportation, environmental infrastructure and enabling technologies on behalf of long-term institutional investors.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered major and core.

• BrookfieldmajorStrategic or Co-development Partner · 1 November 2024RAIM and Brookfield agreed to jointly acquire Atrato Onsite Energy PLC assets. Brookfield is a leading global alternative asset manager, and this partnership represents a significant co-investment in the onsite energy sector.
• ISTcoreStrategic or Co-development Partner · 1 January 2024RAIM partnered with IST (likely Infrastructure and Sustainable Transport or similar) to acquire Celtic Roads Group (Waterford) DAC.
• DEIcoreStrategic or Co-development Partner · 1 January 2024RAIM partnered with DEI to acquire Celtic Roads Group (Waterford) DAC.
• ACCIONA GroupmajorStrategic or Co-development Partner · 1 January 2024RAIM facilitated ACCIONA Group's acquisition of KKR's stake in ACCIONA Energia Internacional alongside AXA IM.
• Health Transportation GroupcoreStrategic or Co-development Partner · 1 January 2024Real Assets IM consortium agreed to acquire Health Transportation Group, the leading healthcare transportation services provider in Spain.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Dalmore Capital: UK-focused mid-market core/core+ infrastructure fund manager. Partner Vicky was previously MD of the investment team at Dalmore. Directly comparable mid-market UK infrastructure platform with similar LP base (UK pensions, insurers) and asset coverage (transport, environmental, utilities).
• Corsair Capital: Infrastructure and financial services investment firm. Partner Vicky was previously Principal at Corsair Capital's infrastructure team. Directly comparable European infrastructure investor with similar sector mandate.
• Antin Infrastructure Partners: Listed European mid-market infrastructure fund manager. Directly comparable European mid-market infrastructure platform targeting institutional LPs with a focus on transport, energy, telecom, and social infrastructure.
• GCM Grosvenor: Multi-strategy alternatives and real assets investment manager. Founding Partner Roger was CEO of GCM Investments UK, the European affiliate. Directly comparable multi-strategy real assets platform serving institutional LPs with co-investment capabilities.
• Equitix: European core infrastructure fund manager. Director Antony spent 13 years at Equitix rising from analyst to Director. Directly comparable European core infra platform with overlapping sector coverage (social infra, transport, telecoms, renewables).

Broad incumbents

• Macquarie Asset Management: World's largest infrastructure manager (MIP funds). Comparable institutional infrastructure mandate targeting pensions, SWFs, and insurers globally; far larger scale and longer track record than RAIM.
• IFM Investors: Global infrastructure manager owned by Australian pension funds. Comparable institutional infrastructure focus with strong pension-fund LP base, but with substantially larger AUM and longer history.
• Brookfield Asset Management: Global alternative asset manager with the world's largest infrastructure platform. RAIM partnered with Brookfield on the Atrato Onsite Energy acquisition. Comparable institutional infrastructure focus, but at materially greater scale and balance-sheet capacity.
• KKR Infrastructure: Global infrastructure platform within KKR. Partner Ram was a founding member of KKR's global Infrastructure platform. Overlapping LP base and asset class focus, but vastly larger scale and broader mandate.

Emerging players

• DigitalBridge: Specialist digital/communications infrastructure investment manager. Partial overlap with RAIM's telecommunications and enabling technologies mandate; comparable institutional LP base and focus on infrastructure sub-sectors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Real Assets Advisers