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Focus

EMP funds seek to make equity and quasi-equity investments in a wide variety of enterprises.  The range of investment sizes that will be considered by any fund depends on a number of factors, including the size of the particular fund.  Historically, the typical range of investment sizes for individual EMP funds had been from $10 million to approximately $100 million.

EMP's initial focus and one of its continuing core strengths has been investments in "infrastructure" in emerging market economies.   Through over 100 investments since 1994, EMP has acquired a unique experience in investing in fixed and wireless telecommunications, cable television, power generation and transmission, and transportation.   EMP has, however, expanded this focus over time both in geographic and industry terms.  EMP has considerable experience in oil and gas and a number of industrial sectors including petrochemicals, cement and glass, a variety of agribusiness sectors and industries as diverse as the restaurant sector.  Geographically, EMP has also broadened its focus to apply its investments model to developed markets such as Japan and Hong Kong and the new member countries of the EU.

EMP funds typically provide capital to growing companies at the expansion stage rather than at the start-up stage.  In addition, EMP will consider investment in mature companies that present restructuring opportunities.  The stage at which an entry investment is made will vary depending on the overall risk/return profile of the individual investment at the time it is under consideration.  EMP will consider investing in "greenfield" projects either in association with a strategic corporate partner experienced in developing and operating projects or in certain regulated industries in which development risk is reduced through licenses, off–take agreements, etc.