Data Center Venture Bankrolled by Carlyle Co-Founder Looks to Norway’s Fjords

Carlyle Group Inc. co-founder Bill Conway is backing a new venture that aims to procure land and power in Norway and sell the assets to data-center developers and technology companies.

Kitebrook Infra, launched by real estate developer Byrne Murphy and the private equity billionaire, is part of a wave of modern-day prospectors seizing on the boom in artificial intelligence.