Data center investment strategy
The investment case
comes first.
We evaluate the asset, the transaction and the capital commitment together. Our focus is the basis for investment and the responsibilities that follow ownership.
How we assess an opportunity.
Asset and commercial quality
Assess the ownership position, customer relationships, contractual income and the asset’s place in its market. Technical diligence informs the assumptions behind the investment.
Valuation and capital requirements
Consider the entry price alongside the full capital required during ownership. Assess cash flow, timing and the effect of adverse outcomes on the investment case.
Structure and alignment
Establish the proposed ownership structure, partner responsibilities, decision rights and reporting. The terms should reflect each party’s capital, role and exposure.
Risk and decision points
Separate verified facts from assumptions. Identify the unresolved conditions that could change the valuation, commitment or decision to proceed.
Stewardship of capital
Maintain a clear connection between the investment thesis, operating performance and future capital decisions. Reassess assumptions as evidence changes.