BIRMINGHAM, Mich. — Munder Capital Management has launched an energy fund that is among the first focused on new power production technology.

The Munder Power Plus Fund invests in companies that earn money from nonregulated energy or power-related activities, including oil, natural gas, and coal companies, as well as companies producing power from alternative sources, such as geothermal, biomass, solar, and wind. It will not invest in regulated companies such as utilities.

Munder, which has $50 billion of assets under management in 34 long-term mutual funds, said Monday that it expects the new fund to profit from increased demand for energy and power, deregulation, and the growing availability of alternative energy sources.

The Power Plus Fund is the first energy-related portfolio that can put up to 10% of its assets in private equity investments, the company said.

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