Global Partners LP (NYSE: GLP) today announced that its Annual Report on Form 10-K for the year ended December 31, 2021 was filed with the U.S. Securities and Exchange Commission (SEC) on February 28, 2022. About Global Infrastructure PartnersEstablished in 2006, GIP is one of the world's leading specialist infrastructure investors. That is the Transition. NEW YORK, Jan. 26, 2022 /PRNewswire/ --Global Infrastructure Partners ("GIP"), a leading independent global infrastructure investor, today announced that Bob Callahan, Lucy Chadwick, and Andrew Paulson have been elected Partners of the Firm, effective January 1, 2022. Our latest annual report highlights our work in FY21 . For reference, $1 million invested 30 years ago in Brookfield Asset Management is worth $111 million today. This investment cycle is just getting started, and we see a meaningful opportunity for investment in the years to come. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Bob serves on the Boards of Medallion Midstream LLC, Clearway Energy Group, and Saavi Energia. We take a conservative approach to the use of leverage, ensuring that we can preserve capital across all business cycles. TotalEnergies will acquire half of GIP's interest in Clearway Energy Group (Clearway), a privately held renewable development company that owns a controlling stake with a 42% economic interest in Clearway Energy, Inc. (NYSE: CWEN. Our funds own 46 current portfolio companies which have combined annual revenues of US$40 billion and employ in . Global Infrastructure Partners' first fund, GIP I, completed its fund raising in May 2008 with $5.64 billion in investor capital commitments. Today, this portfolio could likely be sold for double our purchase price. North America: 1-866-989-0311. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. Please always remember that compounding reasonable returns over long periods of time is an incredible miracle of finance. More recently, we acquired a number of new-build industrial logistics warehouse projects and land for data centers. Transfer Agent. x\[S8~G{fUTB=m[53H lbzsd'(I|%;|r?q'wxy2|L$xp4e=es=YR}:q;OhKtnG1?E We saw increased activity within our hospitality assets as travel begins to return, a rebound in our retail assets due to higher foot traffic and spend per person, and a rebound in demand for our office properties and multifamily assets. The below represents a total dollar gain of $2.0 billion for all of our constituents, or a 47% annualized gain on a gross asset basis over the year (equity returns are far higher). Download the Report. As a result, this should become a very large business for us. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030, with the objective of being among the world's top 5 producers of electricity from wind and solar energy. CWEN.A). SunPower is the second largest residential solar company in the U.S., providing customers with fully integrated solar, storage, home energy and financing solutions. We have completed numerous real estate transactions, including our extremely successful acquisition and turnaround of IFC Seoul, a 5.5 million square foot signature mixed-use complex. Global Infrastructure Partners (GIP) is a leading global independent infrastructure fund manager. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. endobj You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. SDG Disclaimer - Includes the additional investment needed for countries that have not yet met the SDGs. . We invest our own capital alongside our investors in virtually every transaction, aligning interests and leveraging our deep operational expertise, global reach and access to large-scale capital. Key deals include CyrusOne, a global developer and operator . At Global Partners LP, we promise to treat your data with respect and will not share your information with any third party. Select a region to view its investment forecasts. In January 2019, Stonepeak realized its investment in Dominion. We also hired both an infrastructure and a private equity team and are excited about the opportunities we see in South Korea. Acting General Counsel, Secretary and Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, GLOBAL INFRASTRUCTURE PARTNERS ANNOUNCES THE ELECTION OF SIX NEW PARTNERS, GIP and ACTIS ANNOUNCE ACQUISITION OF ATLAS RENEWABLE ENERGY BY GIP. They may prove to be inaccurate in the future and are subject to a number of risk factors. GIP has grown to be one of the worlds largest infrastructure investors and currently manages $87 billion in assets on behalf of its global investor base. But for new investors who do not know us as well, this can be more time-consuming to understand. British Venture Capital Association (BRVCA), Indian Venture Capital Association (INVCA), Principles for Responsible Investment (PRI), Youre viewing 5 of 104 investments and acquisitions. We have begun to see great progress in China following the build out of our business over the years, the current lack of capital for entrepreneurs in China, and a strategic decision to have a regional office on the ground in Shanghai. View source version on businesswire.com: Such terms are used solely for the sake of convenience for purposes of the present communication. The third type is working with electricity generators, where we will help provide the capital to enable them to shift from coal to gas, and from gas to renewables. Regional and global totals are estimated by scaling up results from the sample of 50 countries included in the study using GDP shares. All of this drove very strong financial performance across our operations, underpinning the stable and growing distributions we receive. On a go-forward basis, annualized asset management revenues, including carry, are now running at $7.8 billion, and we are launching new funds across all our strategieswhich means that 2022 is off to a good start. The firm's focus on healthy, sustainable, socially equitable architecture has made it a global leader in areas as diverse as healthcare, science and technology, education, workplace . from 8 AM - 9 PM ET. Doing business as Global Infrastructure Partners (GIP), the company is a private equity firm that makes infrastructure-focused investments in the power and utilities, energy, air transport, water/wastewater, and transportation sectors. We focus on value creation and capital preservation, investing in high-quality assets and businesses within our areas of expertise. More importantly, however, the real estate investment markets are only now starting to regain a sense of normalcy, driven in large part by the attractiveness of the combined attributes of real estatebeing income generation, and inflation protection. However, a critical point in this is that everything does not have to become green todayin fact, not everything can be green today. As a result, we should be able to grow the value of our businesses coming out of this recession, while working towards narrowing the gap between the intrinsic value and the trading price of a Brookfield share. Global Infrastructure Outlook allows you to explore the annual infrastructure trends, needs and gaps up to 2040 for 7 sectors, 56 countries, 5 regions and the world total. This report outlines some of the current and future initiatives we are committed to addressing as part of our ESG strategy. Of course, this is in part because it is coming off a smaller base, but also because our operations there continue to build on their successes. Centered in the Northeast, the company is a third-generation, family-founded business with operations throughout the U.S. With money available and interest rates low, this is a very constructive environment for good businesses. You must click the activation link in order to complete your subscription. endobj Both committed approximately 9% of the US$5.64 billion of GIP I's committed capital. But Global . jBz? WALTHAM, Mass.--(BUSINESS WIRE)-- The funds and investment platforms managed by GIP make equity and debt investments in infrastructure assets and businesses in both OECD and selected emerging market countries, targeting investments in the energy, transport, water / waste and digital infrastructure sectors where GIP possesses deep experience and relationships. It strengthens our ability to develop our people and maintain an engaged workforce focused on serving as a trusted partner and first-choice provider of investment solutions. With several of our earlier vintage funds having passed their preferred hurdles, we are now realizing carried interest across a variety of strategies, and we expect to continue this momentum into 2022. A hard copy of the Partnerships complete audited financial statements also can be obtained free of charge by contacting the Global Partners Investor Relations department at (857) 383-2409 or emailing GLP@investorrelations.com. [7] Exceeding what it had initially projected,[8] GIP's third fundGIP IIIcompleted fund raising in January 2017 with approximately $15.8 billion in investor capital commitments. We have some great partners in the country and are looking to raise RMB-denominated capital. Choose a sector(s). This information is available in the PitchBook Platform. We just committed to buying two life science developersone in the U.S. and one in the U.K., and are building out industrial logistics across the U.S., France, Germany, Italy, Poland, China, Korea, Japan, Brazil and Australia. And do not hesitate to contact any of us should you have suggestions, questions, comments or ideas you wish to share. With approximately 1,700 locations primarily in the Northeast, Global Partners is one of the regions largest independent owners, suppliers and operators of gasoline stations and convenience stores. While most property fundamentals were largely unaffected as leases were in place and there were few bankruptcies this down-cycle, leasing and capital markets activities for virtually all assets ground to a halt for a period of time. Bayo Ogunlesi, Chairman and Managing Partner of GIP, commented, "We are delighted to announce these promotions as we continue to invest in our most important asset, our people. If we can close the gap between share price and intrinsic value, a current stock owner will out-earn the underlying performance of the business. Our asset management business continues to establish itself as one of the pre-eminent brands globally. The companies in GIPs equity portfolios have combined annual revenues greater than $80 billion and employ approximately 100,000 people. By continuing to browse this site, you agree to this use. Investor Enquiries. Computershare Trust Company of Canada Box 7021 We specialize in infrastructure and real assets, investing capital on behalf of pension funds, endowments and other large institutions from around the world. Performance in our asset management business was very strong, resulting in total Distributable Earnings of $6.3 billion for the year. GIP works in partnership with the public sector and other stakeholders to improve infrastructure for the community by drawing on its global capability and applying industrial best practice to enhance operating efficiency. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Bob Callahan joined GIP in 2008, bringing with him over 20 years of operating experience at leading industrial companies. The 2020 Preqin Global Infrastructure Report is the industry's most complete and in-depth annual review. M5C 3H2, Toll-Free:1-800-564-6253 Single-family residential responded first, driven by people being at home, with industrial and life sciences next, followed more recently by urban high-rise multifamilyand now office, with the balance of sectors to follow. As a result, we embed these principles into all our activitiesincluding our investment processand conduct our business in a sustainable and ethical manner. NEW YORK, Jan. 26, 2022 /PRNewswire/ -- Global Infrastructure Partners ("GIP . This will be led by China and India due to their vast populations and need for backbone infrastructureand while this wont be easy because there are many very strong local players, we believe that our access to capital enables us to complete our share of dealssometimes as a great partner to the best-of-the-best locals. (Put into perspective, even eight rate hikes will bring the U.S. short rate only to around 2%.). an 'investment need' forecast to demonstrate the investment that would occur if countries were to match the performance of their best performing peers, after controlling for differences in the characteristics of each country. Many of our long-standing shareholders appreciate the true value of our capital base and the benefits it brings to the broader franchise. Choose a region. 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