A newly formed private equity fund will target environmentally sustainable investments within the maritime and clean energy sectors, according to a release. The fund, Green Maritime Partners, LLC (GMP), was launched last week by Peter C. Georgiopoulos, a maritime and energy industry executive.
In the maritime industry, Green Maritime Partners’ will fund businesses dedicated to emissions reduction, energy efficiency, environmental remediation and other sensitive issues. GMP will also fund alternative and renewable energy assets and other projects related to the clean energy sector. Investment sizes will range from $5 to 20 million, according to GMP.
All investments will be evaluated and prioritized based on their commercial viability and proximity to income generation. Peter Georgiopoulos will serve as Founder and Chairman of Green Maritime Partners LLC. Co-founder Chris Teryazos will be responsible for its operations.
"Environmental reform in the maritime industry is becoming a critical issue. GMP also intends to fund promising projects in the clean energy area outside of the maritime industry. I am proud to be part of this important initiative," said Mr. Georgiopoulos, Founder and Chairman, Green Maritime Partners.
About Green Maritime Partners:
Green Maritime Partners is an investment vehicle dedicated to providing both funding and strategic assistance to environmentally sustainable businesses in the maritime and clean energy industries. GMP has a broad mandate to seek investments within these two sectors.
Mr. Teryazos is an experienced private equity and investment banking professional. Prior to the launch of GMP, Mr. Teryazos was with Pegasus Capital Advisors, L.P., a private equity fund manager with a focus on middle market investment across a wide variety of industries.
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