Melody Investment Advisors has closed its Melody Communications Infrastructure Fund II at $1.95 billion.
The fund was significantly oversubscribed and exceeded its target of $1.5 billion by nearly 30 percent with the backing of a geographically diverse investor base. This was made up of several large institutional infrastructure investors, including public and private pension funds, sovereign wealth funds, foundations and endowments, funds of funds, insurance companies, and charitable trusts.
“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, founder and managing partner of 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 supe