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 20  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. Finally, as part of his role on Plainfield Panos was interim CEO and President of HelioSphera SA, a European 60MW p.a. thin film PV solar module manufacturer during a fifteen month period.

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 Partner and a Founder of True Green Capital Management LLC. Bo is Head of Transaction Execution and Due Diligence and a member of the Investment Committee.

Prior to True Green Capital, Bo was a principal at Voyage Investment Management, an alternative investment firm that managed over US$200 million in assets. While at Voyage, Bo had various roles including investment evaluation, trading and ongoing portfolio management, with a focus on energy.

Prior to Voyage, Bo was an analyst in BlackRock’s Proprietary Alpha Group, which managed over US$5 billion in energy-focused alternative investments.

Bo received a B.A. from Harvard University. Bo was a top 50 nationally ranked US junior tennis player and was a member of Harvard’s 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

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)