Shipping Magnate Forms Green Fund

Green Maritime Partners has formed as a private equity firm focused on environmentally-sustainable investments within the maritime and clean energy sectors. Average investments will be between $5 million and $20 million. GMP was co-founded by shipping magnate Peter Georgiopoulos, with fellow co-founder Chris Teryazos running operations. Teryazos was previously with Pegasus Capital Advisors.

PRESS RELEASE

Peter C. Georgiopoulos, a leading maritime and energy industry executive, announced today the launch of Green Maritime Partners, LLC (“GMP”), a newly formed private equity fund.  GMP is targeting environmentally sustainable investments within the maritime and clean energy sectors. 


“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.

GMP will combine proven investment professionals with world class advisory teams in the maritime and clean energy sectors.  This combination of investment expertise and operational insight will provide a key advantage to the fund.

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.


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.

 

About Green Maritime Partners:

Green Maritime Partners (“GMP”) 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. Georgiopoulos currently serves as Chairman and CEO of General Maritime Corp. (NYSE:GMR), Chairman of Genco Shipping & Trading Ltd. (NYSE: GNK), and Chairman of Aegean Marine Petroleum Network Inc. (NYSE: ANW).

 

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.