diff --git a/src/lib/AssetManager.ts b/src/lib/AssetManager.ts
new file mode 100644
index 0000000..4dbbfb1
--- /dev/null
+++ b/src/lib/AssetManager.ts
@@ -0,0 +1,64 @@
+const normalizePath = (path: string) => path.trim().toLowerCase().replaceAll(/\\/g, '/');
+
+/**
+ * AssetManager provides an in-memory cache for game assets. Outbound HTTP requests are coalesced
+ * into a single request for any given asset path. Assets are cached based on their normalized path
+ * name.
+ */
+class AssetManager {
+  #baseUrl: string;
+  #normalizePath: boolean;
+  #cache = new globalThis.Map<string, ArrayBuffer>();
+  #pendingRequests = new globalThis.Map<string, Promise<ArrayBuffer>>();
+
+  constructor(baseUrl: string, normalizePath = true) {
+    this.#baseUrl = baseUrl;
+    this.#normalizePath = normalizePath;
+  }
+
+  getAsset(path: string) {
+    const cacheKey = normalizePath(path);
+
+    const cachedAsset = this.#cache.get(cacheKey);
+    if (cachedAsset) {
+      return Promise.resolve(cachedAsset);
+    }
+
+    const pendingAssetRequest = this.#pendingRequests.get(cacheKey);
+    if (pendingAssetRequest) {
+      return pendingAssetRequest;
+    }
+
+    const newAssetRequest = this.#getMissingAsset(path, cacheKey);
+    this.#pendingRequests.set(cacheKey, newAssetRequest);
+
+    return newAssetRequest;
+  }
+
+  async #getMissingAsset(path: string, cacheKey: string) {
+    const response = await fetch(this.#getFullUrl(path));
+
+    // Handle non-2xx responses
+    if (!response.ok) {
+      this.#pendingRequests.delete(cacheKey);
+
+      throw new Error(`Error fetching asset: ${response.status} ${response.statusText}`);
+    }
+
+    const data = await response.arrayBuffer();
+    this.#cache.set(cacheKey, data);
+
+    this.#pendingRequests.delete(cacheKey);
+
+    return data;
+  }
+
+  #getFullUrl(path: string) {
+    const urlPath = this.#normalizePath ? normalizePath(path) : path;
+    return `${this.#baseUrl}/${urlPath}`;
+  }
+}
+
+export default AssetManager;
+
+export { AssetManager };
diff --git a/src/lib/index.ts b/src/lib/index.ts
index 9b3f054..0395fc1 100644
--- a/src/lib/index.ts
+++ b/src/lib/index.ts
@@ -1,2 +1,3 @@
 export * from './util.js';
 export * from './controls/OrbitControls.js';
+export * from './AssetManager.js';
diff --git a/src/spec/AssetManager.spec.ts b/src/spec/AssetManager.spec.ts
new file mode 100644
index 0000000..39f56dc
--- /dev/null
+++ b/src/spec/AssetManager.spec.ts
@@ -0,0 +1,51 @@
+import AssetManager from '../lib/AssetManager';
+import { describe, expect, test, vi } from 'vitest';
+
+const createFetchResponse = (status: number, statusText: string, data: ArrayBuffer) => ({
+  ok: status >= 200 && status <= 299,
+  status,
+  statusText,
+  arrayBuffer: () => new Promise((resolve) => resolve(data)),
+});
+
+describe('AssetManager', () => {
+  describe('getAsset', () => {
+    test('should return expected asset buffer when fetch succeeds', async () => {
+      const assetManager = new AssetManager('http://example.local', true);
+      const assetBuffer = new ArrayBuffer(7);
+
+      const mockFetch = vi.fn();
+      mockFetch.mockResolvedValue(createFetchResponse(200, 'Okay', assetBuffer));
+      globalThis.fetch = mockFetch;
+
+      const returnedAssetBuffer = await assetManager.getAsset('foo');
+
+      expect(returnedAssetBuffer).toEqual(assetBuffer);
+    });
+
+    test('should throw when fetch fails', async () => {
+      const assetManager = new AssetManager('http://example.local', true);
+      const assetBuffer = new ArrayBuffer(7);
+
+      const mockFetch = vi.fn();
+      mockFetch.mockResolvedValue(createFetchResponse(404, 'Not Found', assetBuffer));
+      globalThis.fetch = mockFetch;
+
+      await expect(assetManager.getAsset('foo')).rejects.toBeInstanceOf(Error);
+    });
+
+    test('should only fetch once for a given asset path', async () => {
+      const assetManager = new AssetManager('http://example.local', true);
+      const assetBuffer = new ArrayBuffer(7);
+
+      const mockFetch = vi.fn();
+      mockFetch.mockResolvedValue(createFetchResponse(200, 'Okay', assetBuffer));
+      globalThis.fetch = mockFetch;
+
+      await assetManager.getAsset('foo');
+      await assetManager.getAsset('foo');
+
+      expect(mockFetch).toHaveBeenCalledOnce();
+    });
+  });
+});