Melody raises nearly $2bn for latest infrastructure fund

Melody Investment Advisors held the final close of its second communications infrastructure fund, which attracted $1.95 billion in commitments.

Melody Communications Infrastructure Fund II attracted several large institution infrastructure investors, including public and private pension funds, sovereign wealth funds, foundations and endowments and funds of funds.

“We thank our investors and are excited about the opportunities we see in the market as we believe demand for network usage will grow exponentially,” said Omar Jaffrey, sole founder and managing partner at Melody. “We have a world-class team of partners and professionals at Melody, and are confident that our experience, deep sector expertise in identifying investments in communications infrastructure and active approach to value creation will allow us to focus on delivering superior results to our investors.”

Jaffrey founded the firm in 2019 and has rapidly grown to $2.4 billion in AUM. The new fund was significantly oversubscribed and exceeded its target of $1.5 billion by nearly 30%, officials said.

The New York-based firm takes direct asset ownership in addition to developing innovative financing solutions to complex problems for leading global communications companies.

Current fund investments include CTI Towers, a leading owner and manager of wireless towers in the U.S., Harmoni Towers (formerly Uniti Towers), one of the largest tower builders in the U.S., and a growing cell sites and easements portfolio managed by Symphony Wireless, a cell sites and telecom easements acquisition platform.

Last year, Melody and the Pebblebrook Hotel Trust partnered in order to install communications infrastructure on the rooftops of hotels and resorts.

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