Bain Capital Steers Clear of Backing US Data Centers Despite Boom

Bain Capital is eschewing private equity investments in the US data center build-out, as its rivals rush to back the physical infrastructure powering the artificial intelligence boom.

The US has emerged as the epicenter of one of the largest-ever expansions of technology infrastructure, according to Bain Co-Managing Partner David Gross, whose firm closed its 14th private equity fund at $14 billion last month.