Fund Secures Offshore Drilling, Crypto Market, Fiber, Health AI and Security Deals
PGPHF’s partners plan to start deepwater oil and gas drilling offshore Greece by 2027 targeting hard-to-reach reserves. The fund has also backed five strategic technology and healthcare alliances, including a crypto prediction market with Polymarket, API-driven fiber connectivity with Lightpath, clinical AI integration and AI security enhancements.
1. Energy Partnership for Deepwater Drilling
PGPHF has joined with ExxonMobil, Energean and Helleniq to initiate deepwater oil and gas drilling offshore western Greece by 2027. The project targets ultra-deep Mediterranean reserves with potential to expand the fund’s upstream energy exposure and diversify its asset mix.
2. Launch of Crypto Prediction Market and Fiber Connectivity
The fund is backing Phemex’s integration with Polymarket to launch a crypto-based prediction market, enabling users to trade outcomes across finance, tech and culture sectors. Simultaneously, the CableFinder platform will grant channel partners direct, API-driven access to Lightpath’s fiber connectivity services, broadening digital infrastructure investments.
3. Clinical AI Integration and Security Enhancements
Through Abridge’s collaboration with NEJM Group and the American Medical Association, PGPHF gains exposure to clinical AI tools that integrate peer-reviewed evidence into care workflows. In parallel, TrendAI’s strategic engagement with Anthropic embeds Claude models across cybersecurity operations to enhance AI-native threat detection and vulnerability research.