Exhibit (l)(2)

CONSENT OF COUNSEL

We hereby consent to the use of our name and to the references to our Firm under the caption “Independent Registered Public Accounting Firm; Legal Counsel” in the Prospectus and Statement of Additional Information included in Post-Effective Amendment No. 4 to the Registration Statement on Form N-2 under the Securities Act of 1933, as amended (the “1933 Act”), of First Trust Real Assets Fund (File Nos. 333-261593 and 811-23763). In giving such consent, however, we do not admit that we are within the category of persons whose consent is required under Section 7 of the 1933 Act or the rules and regulations of the Securities and Exchange Commission thereunder.

Philadelphia, Pennsylvania

July 29, 2026