Kevin McMeen to Lead Petros PACE Finance as CEO Starting July 1
Petros PACE Finance, a leading provider of Commercial Property Assessed Clean Energy (C-PACE) financing, has announced the appointment of Kevin McMeen as its new Chief Executive Officer, effective July 1. McMeen currently serves as a senior executive at MidCap Financial, an affiliate of Apollo Global Management. His transition to the CEO role marks a new chapter of leadership for the Austin, Texas-based lender.
Background in Structured Finance and Commercial Lending
McMeen brings decades of experience in structured finance, commercial real estate, and credit markets. At MidCap Financial, he has overseen significant portfolio growth and helped drive innovative debt solutions for a variety of asset classes. His leadership has been pivotal in scaling MidCap’s operations and deepening its institutional relationships.
“I am honored to join Petros PACE Finance during such an exciting time for the C-PACE industry,” said McMeen in a statement. “The platform is well-positioned for continued growth, and I look forward to building on its strong foundation to further expand our impact in sustainable commercial real estate finance.”
Petros PACE at the Forefront of Green Lending
Petros PACE Finance is one of the nation’s most active lenders in the C-PACE market, which provides long-term, fixed-rate financing to commercial property owners for energy efficiency, renewable energy, and resiliency improvements. C-PACE financing has grown significantly in recent years as property owners seek capital to meet environmental, social, and governance (ESG) objectives.
Under McMeen’s leadership, Petros aims to strengthen its commitment to sustainability and expand its reach to new markets nationwide. The company is expected to continue its strategy of partnering with developers, building owners, and municipalities to fund projects that help reduce carbon footprints and improve building performance.
Transition in Leadership
McMeen will succeed current CEO Mansoor Ghori, who co-founded Petros PACE Finance and has led the company since its inception. Ghori will remain with the firm in an advisory capacity and serve on the board of directors, supporting strategic initiatives and institutional partnerships.
“Kevin’s extensive experience and leadership in the financial sector make him the ideal person to take Petros into its next phase of growth,” said Ghori. “He understands the complexities of commercial lending and has a strong track record of building scalable platforms. I am confident that under his leadership, Petros will continue to thrive.”
Growth Opportunities in the C-PACE Market
The C-PACE industry has seen rapid expansion, with more than $5 billion in project financing issued across the United States. As cities and states adopt stricter environmental regulations and sustainability goals, the demand for C-PACE financing is expected to increase. Petros PACE Finance is positioning itself to meet this demand through innovation and strategic partnerships.
McMeen’s experience in guiding institutional capital and developing scalable lending operations is expected to facilitate Petros’ continued growth. His appointment signals the company’s focus on scaling its platform while maintaining its mission-driven approach to green finance.
Industry Reaction and Outlook
Industry experts have welcomed McMeen’s appointment, citing his deep expertise and forward-thinking approach. “Kevin is a proven leader with a strong understanding of credit markets and structured finance,” said a senior executive at a competing financial firm. “His leadership will be invaluable as the C-PACE market continues to mature and attract more institutional investors.”
Petros PACE Finance remains committed to enhancing energy efficiency in commercial buildings and supporting the clean energy transition. With McMeen at the helm, the company is expected to pursue new opportunities, refine its offerings, and further solidify its position as a leader in sustainable finance.
Looking Forward
As July approaches, all eyes in the sustainable finance community are on Petros PACE Finance and its incoming CEO. With a strong foundation and a clear vision for the future, the company is poised to play a significant role in shaping the next phase of green commercial lending.
With Kevin McMeen’s appointment, Petros PACE Finance sends a strong signal to the market about its ambitions for strategic expansion and long-term impact. Stakeholders across the industry are watching closely as the firm moves boldly into its next era of leadership and innovation.
This article is inspired by content from Commercial Observer. It has been rephrased for originality. Images are credited to the original source.