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Thu 17 Apr 2008, 07:24 GMT

Georgiopoulos launches green private equity fund


Equity fund to invest in businesses dedicated to emissions reduction and energy efficiency.

Peter C. Georgiopoulos, Chairman of Aegean Marine Petroleum Network Inc. and Genco Shipping & Trading Ltd has announced 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 of 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.

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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