Who We Are

True Green Capital Management LLC (“TGC”) is led by an experienced team of electric power and finance industry professionals with a strong investment track record. From its inception in July 2011, TGC has demonstrated its capacity to originate, finance, build, and manage institutional quality, bankable distributed power projects with competitive entry costs.

To-date TGC employs over 32 investment professionals, back office and operating personnel that focus on investment origination, due-diligence, transaction execution, financing, risk management, back office operations, and physical asset management.

Leadership Team

PANOS NINIOS, Managing Partner

Panos Ninios is the Managing Partner and a Founder of True Green Capital Management LLC (“TGC”). He is primarily responsible for portfolio management, risk management and capital strategy. Panos is the chairperson of the Investment Committee.

Prior to founding TGC in 2011, Panos was a Managing Director for four years at Plainfield Asset Management, a special situations hedge fund based in Greenwich, CT with over $5 billion in peak assets under management. He was the analyst responsible for a global approximately $1.5 billion energy portfolio consisting of high yield, bank debt and private equity investments. While at Plainfield, Panos built and managed an approximately $250 million renewable energy private equity portfolio.

Earlier in his career, Panos was for four years an Executive Director with the Goldman Sachs commodity business (JAron) in London focused on European Power and Gas markets as well as distressed debt power markets. Panos has also spent eight years with McKinsey & Co, most recently as an Associate Partner, serving major US and European energy companies on M&A and commodity risk management. From 1994 to 1995, Panos was a derivatives analyst at Intercapital Brokers in London. From 1991 to 1994, while working on his doctoral thesis, Panos consulted to the UK power sector, principally with Southern Electric PLC.

Panos holds a Ph.D. in Electric Power Industry Deregulation Economics from the London Business School, a MSc in operations research from the London School of Economics, a MSc in computer science from the University of Dundee, UK and a B.S. in pure mathematics from the University of Patras, Greece.

BO WIEGAND, Partner

Bruce “Bo” Wiegand is a Partner and Founder of True Green Capital Management LLC.  Bo is Head of Transaction Execution and Due Diligence and is a member of the Investment Committee. He is primarily responsible for project evaluation, due diligence, and execution of the firm’s investments.

Prior to True Green Capital, Bo was a principal at Voyage Investment Management, an alternative investment firm.  Bo began his career as an analyst in BlackRock’s Proprietary Alpha Group.

Bo received an A.B. from Harvard University and was a member of the varsity tennis team.

DAN PORCELLO, Partner and CFO

Daniel Porcello is CFO of True Green Capital Management LLC and is responsible for accounting, tax and operational support.

Dan previously served as Controller of ESL Investments Inc. from 2004 through 2013, where he was responsible for operations, accounting and tax for a multi-billion dollar group of hedge funds.

Dan earlier served at Globeop Financial Services, as Head of Operations; Deephaven Capital Management as Controller; and with The State Investment Council, Bank of Bermuda, as Portfolio Accountant. Dan began his career as an Associate with Arthur Andersen.

Dan received his Master of Professional Accounting degree from University of Texas at Austin, and his BS/BA in Accounting from Western New England College.

A.DONALD LEPORE III, Partner and General Counsel

A. Donald (“Don”) Lepore is responsible for providing legal counsel across all aspects of the Fund’s investments, including due diligence, documentation and execution, monitoring and management, financing and exit events, as well as providing regulatory, compliance and general counsel to the Investment Manager.

Previously, Don was a partner in the corporate department of Seyfarth Shaw LLP, a large international law firm, where his practice encompassed advising public and private companies across a broad range of transactions, as well as advising private fund managers and other financial sponsors on fund formations, capital raising, and regulation.  Don also served as Vice-Chair of the firm’s Energy and Clean Technologies Group and has significant experience in the renewable energy and clean technology sectors.

Earlier in his career Don served as General Counsel at RNK Capital, an investment management company with peak assets under management in excess of $1 billion that focused on investments in the environmental, clean technology and renewable energy sectors.  Earlier in his career, Don practiced law in the M&A group at Sullivan & Cromwell LLP.

Don holds an AB from Georgetown University and a JD from New York University School of Law, where he was a Notes Editor for the NYU Law Review.

PATRICIA TER HEUN, Partner, Marketing and Investor Relations

Patricia Ter Heun is responsible for capital raising and investor relations.

Patricia has over twenty years’ experience marketing investments to public and corporate pension plans and foundations and endowments, as well as to financial institutions, corporations, and private investors.   From 2014 through 2017 Patricia represented TGC and raised TGCs second and third funds prior to joining TGC as a Partner.

In 1998 Patricia founded Strategic Marketing Solutions (SMS) a full-service broker dealer specializing in private equity and private real assets fundraising with a focus in the energy sector, while at SMS she raised over $2.8 billion in capital for private equity and energy infrastructure funds. From 1995 to 1998 she was Director of Marketing and Investor Relations for Energy Investors Funds (EIF) assisting EIF in designing and implementing their fundraising and marketing strategy.  From 1991 to 1995 she was Vice President of Marketing for CMA Capital Management, a boutique investment bank specializing in asset-based structured financings for utilities and independent power companies.  Earlier in her career, she was Manager of Special Products for Phoenix Leasing, responsible for marketing venture leasing financial transactions on a direct basis.

Patricia has an Associate of Arts Degree from Columbus College in Seville, Spain.

ILIAS GARIDIS, Operating Partner

Ilias Garidis is an Operating Partner with responsibilities that include capex, technology and operational due-diligence, construction oversight and asset operating performance.

Prior to joining TGC Ilias was for five years director of Thyssenkrupp Steel USA where he was responsible for plant wide operations at a 5 million ton flat steel mill in Alabama.  The twenty years prior to Thyssenkrupp, Ilias held various positions in manufacturing and technology companies in Europe including most recently the roles of Chief Operating Officer in Heliosphera SA (a solar panel manufacturer) and Larco SA (the largest European ferronickel producer).

Ilias hold a Licentiate of Technology (Ph.D. equivalent) from the  Helsinki University of Technology in Metallurgy and Corrosion Engineering, an M.Sc. from the National Technical University of Athens and the Helsinki University of Technology and a Diploma in Business Administration from ALBA University

Investment Team

CHRIS KIRKMAN, Managing Director

Chris Kirkman is a Managing Director and the Head of Project Finance at True Green Capital Management LLC (“TGC”). He is primarily responsible for overseeing TGC’s relationships with the capital markets, including origination and execution of debt, tax equity, and M&A transactions.

Prior to joining TGC in 2014, Chris spent over a decade as a power & utilities investment banker in roles from Associate to Director at Deutsche Bank and WestLB. His primary focus was originating and executing power project finance and M&A transactions.

Earlier in his career, Chris worked in various primarily finance-related positions at the Vanguard Group, Citigroup, and McKinsey & Company.

Chris holds a MBA in Finance from the Yale School of Management and a BA in English from Kenyon College.

ADAM RASKEN, Director of Origination

Adam Rasken is the Direct of Origination of True Green Capital Management LLC (“TGC”), leading origination, and acquisition for the firm. Adam is primarily responsible for the initial deal sourcing and underwriting along with cultivating all direct customer and 3rd party developer relationships.

Prior to starting at TGC in 2013, Adam spent close to 10 plus years in the commercial real estate industry with the last 8 years from 2004-2011 overseeing acquisitions for a family commercial real estate fund in Miami, FL focusing on of income producing office and industrial acquisitions.

Adam holds a Master’s in Real Estate from the Chapman Graduate School of Business and B.Sc. in Finance from Indiana University.

CHRIS LOORAM, Vice President

Chris Looram is a Vice President at TGC, responsible for Project Finance and managing the firm’s community solar portfolio.

Prior to joining TGC in 2019, Chris was an Assistant Vice President at Starwood Property Trust’s Infrastructure Finance business. Starwood Property Trust is a publicly traded $17 billion mortgage REIT. At Starwood, Chris led development and execution of the company’s strategy in the renewable and thermal power secondary loans market. In 2018, Starwood acquired the infrastructure loan business from GE Capital Energy Financial Services (EFS), a leading energy infrastructure financier, with over $40 billion deployed since inception. While at EFS, Chris’ responsibilities included portfolio management, asset sales and underwriting equity and debt investments in the US, Australia, and Japan.

Earlier in his career, Chris held roles at Freepoint Commodities and RBS Sempra Energy Trading on the structured products and power trading desk.

Chris holds an MBA in Finance from Fairfield University and a B.A. in Economics from New York University.

ROHAN SAHARIA, Vice President

Rohan Saharia is a VP M&A and Execution, responsible for transaction due diligence, contract negotiation, Investment Committee memos, and execution.

Prior to joining TGC in 2019, Rohan spent three years at McKinsey & Company as an Associate and most recently as an Engagement Manager, advising public and private sector clients on decarbonization strategies, clean technologies, and utility operations as part of the firm’s Electric Power and Natural Gas practice. Between 2008 and 2014, Rohan worked for Schlumberger as an R&D Engineer in France and as a Field Engineer in the US, where he designed and operated deep-water oil and gas drilling telemetry products.

He holds an MBA from the Tuck School of Business at Dartmouth and a Bachelors of Engineering in Electronics & Communications from Manipal University.

MAXIM RUSSKIKH, Associate

Maxim Russkikh is an associate at True Green Capital Management LLC (“TGC”) and joined the firm in 2016. His responsibilities include financial modeling, due diligence, and monitoring.

Prior to joining TGC, he was an Audit Assistant at Deloitte and Touche specializing in financial services industry. Maxim has done extended internships (“co-ops”) with Eze Software Group, delivering trading connectivity products to sell-side brokers, and Deloitte and Touche (US) and KPMG Russia as an external auditor.

Maxim holds a B.S. in Finance and Accounting from Northeastern University and studied at The Russian Presidential Academy of National Economy and Public Administration. Maxim is a CFA® chartholder and a CPA in the state of New York.

ALEX NYALUSI, Analyst

Alex Nyalusi is an Analyst at True Green Capital. He is responsible for due diligence and financial evaluation of potential equity investments and debt & structured tax-financing transactions in support of deal origination and transaction execution.

Alex is also involved in supporting Fund marketing & investor relations and coordinating project development among internal functions.

Prior to joining True Green Capital, Alex worked for a year as a Project Financial Analyst at Brightcore Energy, supporting origination of clean energy solutions for commercial customers.

Alex holds a B.A in Economics from Yale University.

Operations & Legal

RAMI NABER, Director of Tax & Controller

Rami Naber is the Director of Tax of and Controller of True Green Capital Management LLC and is responsible for accounting, tax and for providing operations support across entities at the firm and portfolio levels.

Rami previously served in roles at PricewaterhouseCoopers from 2010 to 2014 auditing Fortune 500 companies as well as private corporations and performing tax services to private corporations including Private Equity Firms. Prior to PwC, he served as a Staff Accountant at Maier, Markey & Justic, assisting smaller companies with back office reporting and auditing larger companies.

Rami received his Masters of Business Administration and Bachelor of Business Administration degrees with a concentration in Accounting from Pace University. He’s been an active Certified Public Accountant since 2012.

SUSAN AMBLE, Vice President & Senior Counsel


Susan Amble is Senior Counsel at True Green Capital Management LLC.

Prior to working at TGC, Susan worked for Freshfields Bruckhaus Deringer, US LLP, the global legal firm, in its financial institutions and contentious disputes groups. She has expertise in criminal defense investigations, regulatory enforcement actions and civil litigation.

Susan graduated summa cum laude from Princeton University and holds a law degree from Harvard.

KATHRYN VENGEROVSKIY, Vice President Legal & Compliance

Kathryn Vengerovskiy is a Vice President in the Legal and Compliance groups of True Green Capital Management LLC and is primarily responsible for legal structuring and documentation on tax equity, debt and sale-leaseback financings. Additionally, she manages all corporate work, oversees fund closing logistics and works with the Chief Compliance Officer on all SEC compliance driven requirements.

Prior to joining TGC in 2016, Kathryn worked for three years as the Managing Paralegal in the asset management group of Credit Suisse. Before that, Kathryn began her career in New York in 2004 at Watson, Farley & Williams LLP, a large international firm, where she worked in the project finance group concentrating on shipping and marine assets and then, later, completed a year at BBAM US LP, a San Francisco based asset management firm focused on the commercial aviation industry.

Kathryn holds a B.A. in Political Science from Northeastern University.

KELSEY HINE, Associate & Senior Accountant

Kelsey Hine is the Senior Accountant at True Green Capital Management LLC and is primarily responsible for accounting procedures across all project and middle-tier level entities. Kelsey also assists with Fund level accounting and provides support to the operations team in financial closing transactions.

Prior to joining TGC in 2016, Kelsey began her career at public accounting firm BlumShapiro, where she held the position of Senior Accountant and served four years specializing in the audit of private companies.

Kelsey holds a B.S. in Business with a concentration in Accounting from the University of Connecticut.

VANESSA BARROSO, Analyst

Vanessa Barroso is the Bookkeeper at True Green Capital Management LLC. She is responsible for all cash transactions related to the Funds and subsidiary investments, as well as assisting with reporting requirements throughout the portfolio.

Prior to joining TGC in 2019, Vanessa worked for three years as an A/P & A/R specialist in property management, supporting day-to-day management of payments and collections.

Vanessa holds an A.S. in business management, with a B.S in Accounting, in progress, at Sacred Heart University.

Senior Advisors

JOHN BERTUZZI

Prior to retiring in 2010, John served as a Managing Director in the Commodities division at Goldman Sachs Co (J Aron) for 13 years. At Goldman, John managed a global derivatives trading team focused on serving clients in crude oil and petroleum products worldwide. John is a member of the Investment Committee.

Before Goldman, John was a Senior Vice President in the commodity trading group at Lehman Brothers for seven years.

John has also worked in commodities trading for Mitsui & Co., Metallgesellschaft Corp., and also in auditing for Ernst & Ernst (now Ernst&Young).

HENRI TALERMAN

Henri Talerman is co-founder of WR Capital Partners LLC, an investment partnership and a successor to Wesray Capital, a pioneer in the buyout industry.  WR is a seeder to TGC, and owns equity in the General Partner. Henri is a member of the Investment Committee.

Prior to forming WR , Henri was Partner of Lehman Brothers Merchant Banking Partners and Managing Director of Lehman Brothers Inc.  Henri was a member of Lehman’s Investment Committee and IB Operating Committee.

Henri has invested across a wide range of industries.  He sits on boards of portfolio companies and plays an active role in capital allocation and strategy decisions.

FRANK E. “TED” WALSH III

Frank Walsh is a founding partner of WR Capital Partners, LLC (WR), a private equity investment partnership and a successor to Wesray Capital, which Frank joined in 1990. WR is a seeder to TGC, and owns equity in the General Partner.

Prior to forming WR, Frank worked at Kidder, Peabody, Inc., in New York City in the equity syndicate department.

Frank has extensive private equity and capital markets experience across a wide range of industries. In addition to sitting on the board of TGC and other portfolio companies, he currently serves as a director to several corporations including First Constitution Bancorp (NASDAQ: FCCY)