Investcorp is steering clear of big investments in data centers due to oversaturation, focusing instead on sectors offering better returns and protection from geopolitical risks. Investors have poured billions into AI and data centers, but concerns about high valuations and a potential bubble are emerging. The firm is eyeing investments in professional, commercial, healthcare services, IT services, and transportation. With $60 billion in assets, Investcorp is looking at opportunities in the U.S., Gulf region, and India, with a healthy IPO pipeline. IPOs are seen as a viable route for private sponsors in the red-hot Indian market.

Read more at Yahoo Finance: Investcorp shies away from data centre investment, focuses on services, executive says at Davos