Investor Caution Needed on Data Center Returns: Carlyle’s Goyal

There’s need for caution around return expectations on data center deals due to uncertainty around power prices, said Pooja Goyal, chief investment officer of Carlyle Group Inc.’s infrastructure group.

• “So we we tend to be very cautious about how we think about merchant capacity versus contracted capacity,” she said, speaking on a panel at Bloomberg’s Women, Money & Power summit in London
• Carlyle does see power investing as a significant opportunity, including greenfield and brownfield projects, she said
• The comments follow people familiar with the matter saying that BlackRock’s Global Infrastructure Partners LP is in advanced talks to ...