Gresham Partners sees infrastructure constraints potentially slowing AI spending
QQQ•QQQ•QQQ•QQQ•Gresham Partners is selectively making new venture capital commitments as capital calls exceed expectations. Its Q3 2026 update says power, land and data center constraints could limit AI spending growth and future profitability.
Gresham Partners said it is selectively making new venture capital commitments as capital calls exceed expectations. The approach aims to maintain intended portfolio allocations amid uncertainty about AI customer retention, revenue durability and private company valuations.
The update said strong AI infrastructure demand faces power, land and data center development constraints that could limit spending growth and future profitability. It also said AI adoption could improve established businesses’ efficiency and growth, creating private equity opportunities alongside disruption risks.
