Petros PACE Finance Transitions Executive Leadership with New CEO Appointment
Petros PACE Finance Announces Leadership Change
Petros PACE Finance, recognized as one of the largest providers in the Commercial Property Assessed Clean Energy (C-PACE) sector, has recently revealed a significant leadership transition. Effective July 1, 2025, Kevin McMeen will take over as President and Chief Executive Officer, succeeding co-founder Mansoor Ghori, who has played a pivotal role in steering the company since its inception.
The leadership transition follows a carefully planned succession process that spanned over the last year, indicating the company's commitment to sustained growth and innovation in the C-PACE market. Ghori, alongside another co-founder, CFO Jim Stanislaus, will continue to support the company in their new roles as Vice Chairmen until the end of December 2025. This strategic move is aimed at ensuring a seamless transition and maintaining the momentum the company has built.
Mansoor Ghori expressed his satisfaction with the decision, stating, "Petros was established on a robust foundation rooted in domain expertise and a commitment to excellence. Over the past 12 years, we've worked tirelessly to enhance our business and establish ourselves as leaders in the C-PACE sector. I am excited to welcome Kevin, whose experience and vision are vital for our next chapter."
Kevin McMeen comes to Petros from MidCap Financial, an Apollo Global Management portfolio company, where he co-founded and led the real estate division. His extensive background in commercial real estate lending and structured finance is expected to fortify Petros’ capabilities as it aims to expand its footprint in the institutional commercial real estate landscape.
"Assuming the role of CEO at Petros is an amazing opportunity to enhance an already solid platform and broaden our presence within the industry," McMeen remarked. He praised the legacy left by Ghori and Stanislaus, noting that their influence has created a standard for the industry.
Petros PACE Finance has made headlines with various groundbreaking transactions across a diverse array of property types, including hospitality, healthcare, and multifamily developments. This includes their noteworthy accomplishments such as the first-ever C-PACE transaction in New York City and the record-setting $153 million deal for the Black Desert luxury resort in Utah. The transition to new leadership is anticipated to not only sustain but also magnify Petros' innovative edge in the competitive market.
As McMeen steps into his leadership position, he plans to leverage the company’s strong foundation while focusing on attracting strategic talent and diversifying product offerings to meet evolving market demands. The leadership transition at Petros marks a critical moment for the organization, positioning it for continued success in the fast-evolving C-PACE market.
In conclusion, Petros PACE Finance is poised for a new era under McMeen's guidance. With nearly $2 billion in balance sheet-funded C-PACE transactions and a proven track record, the company is prepared to lead the C-PACE industry into its next phase.
For more information about Petros PACE Finance, visit their official website.