Palistar Capital

What Palistar Capital does

Palistar Capital is a New York-based alternative asset manager founded in 2019 by Omar Jaffrey, originally operating as Melody Investment Advisors before rebranding in April 2022. The firm focuses exclusively on private equity and structured investments in mission-critical digital infrastructure assets — primarily wireless towers, fiber networks, data centers, and telecommunications easements — with approximately $3.1 billion in assets under management as of March 2025.

The firm's investment platform is built around a portfolio of wholly-owned operating subsidiaries including CTI Towers (one of the largest U.S. private tower companies with ~1,800 towers), Harmoni Towers (a build-to-suit tower operator), Symphony Towers Infrastructure (~3,000 tower assets across 50 U.S. states formed in 2025), F3 Networks (dark fiber in North America), and the recently formed Galaxi Towers (bespoke macro wireless infrastructure for carriers). Palistar also provides tailored debt, equity, and hybrid structured financing solutions to digital infrastructure counterparties, with recent disclosed transactions including $120 million for FirstLight Fiber (2024), £160 million for Netomnia (2025), and a $425 million credit facility for LiveOak Fiber (2026).

The firm's revenue model is anchored in management fees on committed/deployed fund capital and carried interest on fund returns, supplemented by interest, fees, and equity upside from structured financing activities. The Melody Communications Infrastructure Fund II closed at $1.95 billion in January 2022, exceeding its $1.5 billion target by nearly 30%. Palistar distributes exclusively to qualified institutional investors — pension funds, sovereign wealth funds, endowments, and family offices — via direct senior relationship management rather than public distribution channels, and leverages a senior advisory board including former executives of Verizon, Sprint, and Qwest.

Name

Palistar Capital

Legal name

Palistar Capital LP

Website

https://palistar.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Palistar Capital is a New York-based alternative asset manager founded in 2019 that invests in mission-critical digital infrastructure — towers, fiber networks, data centers, and easements — for institutional investors, managing approximately $3.1 billion in AUM across direct ownership and structured financing solutions.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investors, Nec (6799), Investment Advice (6282)

akta.pro industry

PRIMARYFSAHAIAF

Real Assets — Digital Infrastructure (Data Centers, Fiber, Towers)

Financial & Insurance/Hedge Funds & Alternative Investments/Alternative Investments — Real Assets (Real Estate, Infrastructure, Farmland, Timberland)

SECONDARYFSANACAH

Real Estate / PropTech Growth Equity

Financial & Insurance/Private Equity & Venture Capital/Growth Equity Firms

Keywords

• Alternative asset management
• Digital infrastructure investing
• Private equity infrastructure
• Telecom infrastructure funds
• Infrastructure credit investments

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Fund Management Fees: Palistar Capital earns management fees from managing private investment funds focused on digital infrastructure. The firm raised approximately $1.95 billion for its Melody Communications Infrastructure Fund II in January 2022.
2. Carried Interest: Investment professionals earn carried interest on fund returns above preferred returns, aligning manager and investor interests in achieving strong risk-adjusted returns.
3. Structured Financing Solutions: Palistar provides tailored financing solutions (debt, equity, hybrid) to digital infrastructure companies, earning interest, fees, and potential equity upside from these investments.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Palistar Capital is an alternative asset manager focused on private equity and structured investments in mission-critical digital infrastructure assets. The firm invests through direct ownership and tailored financing solutions (debt, equity, hybrid) in towers, fiber networks, data centers, and telecommunications easements. It manages approximately $3.1 billion in assets under management across investment vehicles targeting institutional investors.

Product overview

Palistar Capital is an alternative asset manager offering a platform of investment products focused on mission-critical digital infrastructure. The platform provides private equity and structured investments through direct ownership and tailored financing solutions. The portfolio includes portfolio companies CTI Towers (private tower company), F3 Networks (dark fiber solutions), Harmoni Towers (build-to-suit tower operator), and Symphony Towers Infrastructure (tower and rooftop site management). Investment focus areas encompass telecommunications easements, towers and build-to-suit services, data centers and fiber, and carrier partnerships. The firm manages approximately $3.1 billion in assets under management as of March 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• CTI Towers One of the nation's largest private tower companies with approximately 1,800 owned or managed towers throughout the United States. Grows portfolio through acquisitions from cable television operators and other private owners, serving wireless customers.
• Harmoni Towers One of the largest 'built-to-suit' tower operators in the United States, focused on acquisition and construction of communication networks. Works with wireless operators to deploy networks and build assets while relieving carriers of investment capital burden.
• Symphony Towers Infrastructure

Quantifiable outcome

• Assets under management of $3.1 billion as of March 31, 2025
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Others

• American Tower: American Tower is the largest publicly traded global tower REIT and is a direct comparable to Palistar's CTI, Harmoni, Symphony, and Galaxi tower portfolio companies in terms of underlying asset economics and tenant base.
• CyrusOne / Switch (KIF/IFM portfolio): CyrusOne is a hyperscale data center operator and is comparable to portfolio companies Palistar's funds invest in within the data center sector. Relevant as a comparable for the underlying asset economics Palistar targets.

Direct peers

• DigitalBridge: DigitalBridge is a publicly traded alternative asset manager exclusively focused on digital infrastructure (towers, fiber, data centers, edge). It is the closest direct peer to Palistar given overlapping sector focus, institutional LP base, and structured investment offerings.
• I Squared Capital: I Squared Capital is a global infrastructure-focused private equity manager investing in digital infrastructure (data centers, fiber, towers) and other infrastructure subsectors, with a similar fund structure and institutional LP base as Palistar.
• Stonepeak: Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets, including significant digital infrastructure exposure across towers, fiber, and data centers—directly comparable to Palistar's mandate.

Broad incumbents

• Carlyle Global Infrastructure: Carlyle's infrastructure fund invests in digital and traditional infrastructure. It overlaps with Palistar in fiber and data center investments but also spans broader infrastructure subsectors.
• GIP (Global Infrastructure Partners): GIP, now part of BlackRock, is a major infrastructure investor with meaningful digital infrastructure exposure. It competes with Palistar for institutional LP allocations to digital infrastructure strategies.
• Brookfield Infrastructure: Brookfield Infrastructure is a mega-cap infrastructure investor across digital, utility, transportation, and midstream assets. It competes with Palistar for both LP capital and large digital infrastructure transactions but operates at a fundamentally different scale.
• Macquarie Asset Management (Infrastructure): Macquarie is the world's largest infrastructure manager with a broad portfolio across digital, energy, and transportation infrastructure. It competes with Palistar for institutional capital and digital infrastructure deal flow but at far greater AUM scale.
• KKR Global Infrastructure: KKR's infrastructure platform invests across digital, energy transition, and transportation assets. Its digital infrastructure activities (including towers and fiber) directly overlap with Palistar's mandate, though KKR offers a much broader infrastructure portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/palistar-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Palistar Capital