In recent years, the main focus of development in the energy industry has been on increased private sector involvement and energy market deregula-tion. This is a global trend which is expected to remain strong in the foreseeable future. The energy markets will continue to provide opportunities and challenges to investors who are seeking to benefit from the changes. Meanwhile, the international capital markets are identifying new methods of funding the restructuring.

Private Energy Market Fund L.P. is a private equity fund that was formed in November 1999 with €26,040,000 of capital. The Energy Fund aims to identify the investment concepts that will benefit from the deregulation and restructuring in the energy markets.

The Energy Fund is managed by Emerging Power Partners Ltd, which is one of a small number of specialised fund managers targeting new opportunities in the energy sector. EPP brings together industry knowledge, a proven ability in energy-related business development, investment and financial expertise as well as the broad spectrum of resources necessary to succeed in today's rapidly changing energy markets.