endobj AP WIP Investments, LLC - December 31 2019 and 2018 Audited Financial Statements. On top of that, we crystalized a record $1.7 billion of carried interest in 2021. Japan is becoming more interesting all the time and we continue to increase our presence there. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. GIP's main headquarters are located in New York City and its equity investments are based on infrastructure assets in the energy, transport and water & waste sectors. Likewise, the words "we", "us" and "our" may also be used to refer to subsidiaries in general or to those who work for them. Cautionary NoteThis press release, from which no legal consequences may be drawn, is for information purposes only. Our asset management operations had an excellent year. Jan 2011 - Jun 20165 years 6 months. It is therefore equally important to go where the emissions are and provide capital to convert a coal-based utility or a carbon-intensive industrial business. Since joining GIP, he has helped arrange approximately $100 billion of financings for our portfolio companies. Box 9161, Waltham, MA 02454-9161 | 781-894-8800 , Global Partners LP Files 2021 Annual Report on Form 10-K, https://ir.globalp.com/financials/sec-filings/default.aspx, https://www.businesswire.com/news/home/20220228005904/en/. Our goal is to deliver strong long-term returns and provide downside protection for our investorsincluding pension plans, endowments, foundations, sovereign wealth funds, financial institutions, insurance companies and individual investors. In fact, by midyear the markets were worried about exactly the opposite! We have been both selling more mature industrial and life sciences properties, where excellent returns have been locked in, and are buying others. We believe that sound environmental, social and governance (ESG) practices are integral to building resilient businesses and creating long-term value for our investors and other stakeholders. Global Companies LLC, Global Montello Group Corp., Global Energy Marketing LLC and Alliance Energy LLC are subsidiaries of Global Partners LP 800 South Street, Suite 500, P.O. Bengaluru Area, India. To be very clear, that excludes the equity capital that we have invested in our businesses, which today is around another $50 billion net (circa $30 per share). View our InfraCompass Resources for sustainable infrastructure M5C 3H2, Toll-Free:1-800-564-6253 Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. It fits perfectly with our strategy to make solar and wind energy one of our main growth drivers along with liquefied natural gas that we have recently reinforced with the launch of Cameron extension. GIP employs approximately 150 investment and operational professionals and has offices in New York, London and Sydney, with operational headquarters in Stamford, Connecticut. 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. All in all, 2021 was a pretty good year. Twitter: @TotalEnergiesLinkedIn:TotalEnergiesFacebook: TotalEnergiesInstagram:TotalEnergiesTwitter: @TotalEnergiesPR, Investor Relations: +33 (0)1 47 44 46 46 l [emailprotected]. 501 Boylston Street, 10th Floor Global Infrastructure Partners A leading global, independent infrastructure fund manager. Our non-traded REIT is now being distributed on four wealth platforms globally, with additional major platforms expected in the coming months. GIP's main headquarters are located in New York City and its equity investments are based on infrastructure assets in the energy, transport and water & waste sectors. II Debt 30: The largest infra credit GPs raise over $139bn, Best Practice in Infrastructure Asset Management, Managing Risk in Infrastructure Investments, IRA tax credits will usher in a new wave of ESG, Infrastructure Investor Global Summit 2023. 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. We recognize that generating attractive returns often requires seeking out assets, businesses, markets and sectors that are out of favor or experiencing periods of distress. When typing in this field, a list of search results will appear and be automatically updated as you type. While to date that capital has been one of our great operating strengths, we sometimes hear that it makes it harder for an investor to value Brookfield, as he or she needs to both put a value on our asset-light business and understand our investments. Get the full list, Youre viewing 5 of 144 team members. Today, this portfolio could likely be sold for double our purchase price. We are focused on funding the transitionacross all 50 shades of green; those that are currently black, brown, dark green, olive, light green and all other shades of greenfrom coal generation all the way to solar generation. Economies are normalizing as central bank intervention is withdrawn. Global Infrastructure Partners Venture Capital and Private Equity Principals . Get the full list, Morningstar Institutional Equity Research, Co-Founding Partner, Chairman & Chief Executive Officer, Partner, President & Chief Operating Officer, Managing Director & Chief Financial Officer. Global:1-416-363-9491. This was an almost 50% increase compared with 2020, and all parts of our business contributed to the strong results. Toronto, ON Our funds own 46 current portfolio companies which have combined annual revenues of US$40 billion and employ in excess of 63,000 people. GIP manages approximately US$77 billion for its investors. Our real estate secondaries strategy has raised $2 billion of capital, and we are now in the midst of raising our first commingled fund. SunPower is the second largest residential solar company in the U.S., providing customers with fully integrated solar, storage, home energy and financing solutions. <> 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. The investment required to accomplish this is in the tens of trillions of dollars. We raised $71 billion of capital across our flagship and complementary strategies, which increased total fee-bearing capital to $364 billion at year-end. Global Infrastructure Management LLC. "Company Overview of Global Infrastructure Partners", "Edinburgh Airport sold to Global Infrastructure Partners for 807m", "Edinburgh Airport changes hands to Global Infrastructure Partners", "Global Infrastructure Partners raises record $8.25 billion", "BlackRock Goes $3.7 Billion Deeper Into Pipelines and Power", Lower Thames and Medway Passenger Boat Company, Westminster Passenger Services Association, https://en.wikipedia.org/w/index.php?title=Global_Infrastructure_Partners&oldid=1141531664, Financial services companies established in 2006, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 25 February 2023, at 14:57. Most recently we committed to close our largest transaction to date: the purchase of a public company with an enterprise value of US$13 billion, which owns four utilities in Victoria. Regional and global totals are estimated by scaling up results from the sample of 50 countries included in the study using GDP shares. By providing your email address below, you are providing consent to Global Partners LP to send you the requested Investor Email Alert updates. 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. We bought numerous assets at a fraction of their replacement cost, including a grocery anchored retail portfolio in the U.K. that now generates a running cash yield of 18% on our cost basis. This makes us asset-heavy compared with most managers today, which are asset-lightas they were either founded more recently or have distributed their profits annually to their owners. The tone of the real estate markets has improved dramatically since mid-2020. Global Partners LP Contact Information Website www.global-infra.com Year Founded 2006 Investor Status GIP works in partnership with the public sector and other stakeholders to improve. Since early 2021, TotalEnergies has secured a development pipeline of 8 GW onshore renewables and 4 GW offshore wind in the U.S. TotalEnergies will enhance Clearway's growth prospects by providing (i) a right of first offer on its U.S. onshore renewable assets to CWEN, and (ii) access to TotalEnergies' U.S. power marketing capabilities and corporate relationships to optimize and enhance the commercial value of Clearway's development and operating projects. And do not hesitate to contact any of us should you have suggestions, questions, comments or ideas you wish to share. Since 2018, the GI Hub has transformed from a start-up entity to a small, strong, and nimble organisation that is a central source of knowledge on leading practice, innovation, and market trends for the infrastructure community as well as being a respected G20 advisor and participant. With a 100+ year heritage as an owner and operator, we focus on investing in assets and businesses that help form the backbone of the global economy. But every business does need to transition to a cleaner future. For all Brookfield Infrastructure Corporation investor enquiries, please call our shareholder enquiries line: bip.enquiries@brookfield.com. Today, with 40 million square feet of IT office park real estate, 150,000 telecom towers, toll roads, pipelines, solar and wind facilities, and an IT outsourcing business, we are a brand name in alternative investments. Our business today is vast, and we have earned strong returns on every investment. "We are extremely pleased to partner with TotalEnergies to continue leading the energy transition in the U.S. We are proud of the growth and accomplishments of the Clearway team since our initial investment in 2018, and we are confident that with TotalEnergies as a partner, Clearway will be able to accelerate the deployment of cost competitive renewable power in the U.S. At the same time, GIP's investment in SunPower is our initial commitment in the distributed generation space, which we believe will provide critical solutions to facilitate the nation's clean energy future. Two founding investors in its first fund, GIP I, were Credit Suisse and General Electric. 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. Global Partners LP Since then, the markets have come back as investors witnessed the resilience of prime real estateand continue to be attracted to the cash yield it generates in a low interest rate world. However, a critical point in this is that everything does not have to become green todayin fact, not everything can be green today. Lucy serves on the Boards of NTV Italo and Naturgy Energy Group. GIP and TotalEnergies are well-positioned to support SunPower management's growth strategy. Our approach is focused on investing on a value basis. Our disciplined, well-established approach to investing reflects our over 100-year history as an owner and operator. Vice President, Technology Operations & Projects. Dominion Midstream Partners LP (NYSE: DM) is a master limited partnership formed by the investment-grade utility Dominion Resources Inc. to grow a portfolio of natural gas terminaling, processing, storage, transportation, and related assets. 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