Selling off public assets to private operators can create a win-win situation for developing countries looking to unload expensive and unsustainable assets, while putting cash in government coffers. For investors seeking to capitalize on investment opportunities in frontier markets, privatization offers an important market entree. And with the growing trend toward business partnerships between the public and private sectors (so-called PPPs), the new face of privatization promises even greater benefits for all--including a better distribution of risks and the eventual turnover of operations to the country hosting the investment, along with the requisite infrastructure and technological know-how needed to sustain the investment.