Kermit Billups '79 is Co-Founder and Executive Vice President of Greenline Ventures, a financial services company that specializes in delivering capital for economic development activities in underserved communities nationwide. Greenline's mission is to motivate market rate capital to invest in community priorities.
Kermit has developed and implemented award-winning programs to stimulate growth in low-income communities across the nation, including a highly successful small business loan fund, a housing down-payment assistance fund and an equity fund for businesses in disadvantaged communities. In addition to his duties at Greenline, Kermit currently serves as Chairman of the Board for the New Markets Tax Credit Coalition, a national economic development advocacy group.
He began his investment banking career in 1987 at Legg Mason where he worked closely with Chip Mason and Jim Brinkley, both former St. Paul's parents. A 1991 Baltimore Sun articled noted that Kermit became a Legg Mason associate vice president at the tender age of 29. He subsequently became the first African American officer at the 2nd largest privately held investment bank in the Nation. He holds a B.A. in economics and an M.B.A. from Harvard University.
When a student at St. Paul's, Kermit received the Kinsolving Award, the School's highest honor, bestowed at graduation. (Notably, Kermit's brother, Kevin '76; and son John '18, also received the Kinsolving Award.) He was elected to the Cum Laude Society and as president of the student council. Kermit was a co-captain and three-sport athlete, participating in football, basketball and baseball. He was business manager of The Page student newspaper and president of the student vestry. In a telling testament, Kermit was chosen as "Best Leader" by classmates in the yearbook senior elections.
Kermit has served as a trustee both of his alma mater (2006-2014) and the Baltimore Educational Scholarship Trust. He previously served on the Board of Advisors for the Baltimore Development Corporation and the Opportunity Mortgage Network. He was selected by Mayor Kurt Schmoke to serve on the Baltimore Committee on Insurance and Risk Management. Kermit was honored by the Alumni Association as the 2019 Distinguished Alumnus at the Headmaster's Lunch that kicked off Blue-Gold Reunion Weekend.
He and his wife, Angela, live in Lutherville. Their oldest son, Sam, is a junior at the University of Central Florida. John '18 is a sophomore at Davidson College. (Fun Fact: Kermit once double-dated with Michael Jordan.)