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Laxman Pai, Opalesque Asia: The New York alternative asset manager Melody Investment Advisors has raised $1.95 billion, above a $1.5 billion target, for a new fund Melody Communications Infrastructure Fund II.
The alternative asset manager focused on mission-critical communications infrastructure said in a press release that the current Fund investments include CTI Towers, a leading owner and manager of wireless towers in the US, Harmoni Towers (formerly Uniti Towers), one of the largest tower builders in the US, and a growing cell sites and easements portfolio managed by Symphony Wireless, a cell sites, and telecom easements acquisition platform.
Omar Jaffrey, sole Founder and Managing Partner of Melody, said, "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. 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."
"We are grateful to our investors for their support and commitment, as well as to our clients who we believe will benefit from new investments in Melody's portfolio companies," said Chester Dawes, Chief Operating Officer and Chief Financial Officer at Melody Investment Advisors. "With a deep team, robust infras...................... To view our full article Click here
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