"From day one, Petros was built on a core foundation of domain expertise, commitment to innovation, integrity in our practices and a relentless drive to create and lead the C-PACE industry," said Mansoor Ghori, co-founder of Petros. "For the last 12 years, Jim and I have worked to expand the business, close transformative transactions, and position Petros for long-term success. We have worked on this transition with the Board for the last year and are excited to welcome Kevin into this role. Kevin brings the experience, discipline, and vision needed to lead Petros into the next phase of growth. While it's bittersweet to leave the Petros family, I have full confidence in Kevin and look forward to seeing the company continue to thrive, grow, and innovate under his leadership."
Kevin McMeen joins Petros from MidCap Financial (MidCap), an Apollo portfolio company, where he served as co-founder and president of its real estate group since 2008 and was instrumental in building the business and solidifying its role as a leader in real estate lending and finance. Prior to founding MidCap, Mr. McMeen held executive leadership positions overseeing healthcare real estate at Merrill Lynch Capital, GE Capital and Heller Financial. With extensive experience in the senior housing industry, Mr. McMeen is actively involved in the American Seniors Housing Association and the National Investment Center for Seniors Housing and Care Industries, where he previously served as board chairman.
"Joining Petros as its second-ever CEO is an incredible opportunity to build on the proven platform already in place and expand the company's presence in the institutional commercial real estate industry," said McMeen. "Mansoor and Jim created the industry standard and the team is defined by attributes of trust, innovation, and execution. I'm excited to continue their legacy by bringing in strategic talent and enhancing our capabilities and product offerings and I look forward to the next chapter of growth and success."
"Building Petros into the business it is today has been a tireless and rewarding effort for Mansoor and me," said Jim Stanislaus, co-founder of Petros. "We focused on establishing strong investor partnerships and a differentiated capital structure that supported rapid scale. With the backing of committed institutional investors and a platform built to finance large, complex transactions, Petros is well-positioned for Kevin to lead the way forward."
Petros has directly originated transactions across a diverse range of property types, including hospitality, healthcare, multifamily, office, industrial, and, most recently, condominiums, where Petros offers a purpose-built financing solution. The company is known for its ability to close industry-defining transactions that have driven the growth of the C-PACE market. Notable C-PACE milestones include closing the first-ever transaction in New York City at 111 Wall Street in 2021, executing a then-record $153 million deal for the Black Desert luxury resort in Utah in 2022, and completing its first condominium C-PACE transaction in 2025.
Mr. McMeen received his M.S. in urban and regional planning from Georgia Tech and his B.S. in economics from the University of Wisconsin.
About Petros PACE Finance
Petros PACE Finance, LLC is the national leader in the C-PACE marketplace, dedicated solely to providing long-term C-PACE financing to commercial property owners seeking to lower energy costs, reduce their carbon footprint and increase property values and meet environmental, social and governance (ESG) goals. The company is a platform portfolio investment of Apollo Global Management. Its leadership team has decades of executive-level experience in private credit and structured finance, with direct long-term institutional investor relationships. With billions in committed capital, Petros is able to close transactions in eligible C-PACE markets nationwide. To learn more about Petros PACE Finance visit our website at www.petros-pace.com.
SOURCE Petros PACE Finance, LLC
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