Investcorp shies away from data centre investment, focuses on services, executive says at Davos

Core Viewpoint - Investcorp is avoiding large investments in data centers due to market saturation and is instead focusing on sectors that offer better returns and protection from geopolitical risks [1][3]. Investment Strategy - The firm is prioritizing investments in domestic professional, commercial, and healthcare services, IT services, and transportation, as these areas are believed to provide a better risk-return trade-off compared to data centers [3][4]. - Investcorp is selective in its investment choices, aiming for sectors with high conviction and some level of resilience to unpredictable risks [4]. Market Focus - The company is concentrating its efforts in the U.S., Gulf region, and India, where it sees a robust IPO pipeline and favorable market conditions [5]. - The Indian market, which was the second-largest for primary equity issuances last year, is expected to maintain its momentum, with IPOs seen as a viable monetization route for private sponsors [6]. Financial Overview - As of the end of June, Investcorp managed $60 billion in assets, making it the largest alternative investment firm in the Middle East [4].