Global Partners LP The global electricity make-up is currently 25% from renewable sources, and this is set to grow to 50% or more over the next 30 years. 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. A verification email is on its way to you. We believe that the local presence and technology prowess of Sequoia, and our experience in property and infrastructure, will create a powerful combination for Chinese entrepreneurs as they build out their operations. 2007 Annual Report. In addition, these investors understand how and what we invest in, and have been comfortable with us making investment decisions with the capital. "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. EmergentCold LatAm In 2021, we generated a record $12.4 billion of total net incomecompared with $707 million in 2020. 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. 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. 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. We are at the start of a new era with a market leading fund and strategy that we believe will be very attractive for investment over a long period of time. Overall performance across our operating businesses continues to strengthen, as we remain well positioned around the economic recovery and own many inflation-linked assets that benefit from economic growth. %PDF-1.5 (Shair and Partners) Infrastructure Engineering, Building Engineering and Architecture in the Middle East and Africa . 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. GIP manages c. US $81 billion for its investors. Please check your spam or junk folder just in case. "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. Global Infrastructure Partners (GIP) is an independent fund that invests in infrastructure assets worldwide. Its growth path on its own is very compelling, as many of our strategies are still getting larger with each vintage and are compounding on each other. Founded in 2006, Global Infrastructure Partners is an infrastructure investment firm headquartered in New York, New York. We have already started putting the capital to work to help companies decarbonize their operations. 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. Brookfields investment activities are anchored by a set of core tenets that guide our decision-making and determine how we measure success: OF ASSORTED ASSETS IN CHINA SUCH AS WIND & SOLAR PROJECTS, OF SIGNATURE MIXED-USE SPACE IFC SEOUL, SOUTH KOREA, Evolving to offer the best of both worlds, Operate our business and conduct our relationships with integrity, Attract and retain high-caliber individuals who will grow with us over the long term, Ensure that our people think and act like owners in all their decisions, Treat our investor and shareholder capital like its our own, Embed strong ESG practices throughout our operations to help ensure that our business model is sustainable, Acquire high-quality assets and businesses, Invest on a value basis, with the goal of maximizing return on capital, Enhance the value of investments through our operating expertise, Build sustainable cash flows to provide certainty, reduce risk and lower our cost of capital, Evaluate total return on capital over the long term, Encourage calculated risks, measuring them against potential returns, Sacrifice short-term profit, if necessary, to achieve long-term capital appreciation, Seek profitability rather than growthsize does not necessarily add value. Performance in our private equity business has been excellent, and the release of pent-up demand and debottlenecking of supply chains should contribute to even stronger results. This shows both the power of the franchise and the interest from investors in achieving net zero globally. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. <> Select a country to view its investment forecasts. Tel:416-956-5129 Both committed approximately 9% of the US$5.64 billion of GIP I's committed capital. Sharon Merrill Associates, Inc. All rights reserved. Today, this portfolio could likely be sold for double our purchase price. With an extensive network of terminals, gas stations and retail stations, Global Partners helps people heat their homes, operate their businesses and get where theyre going conveniently and quickly. Learn more about some of the measures we are taking and the positive impact we have made. Economies are normalizing as central bank intervention is withdrawn. The scale, capabilities and ambition that both GIP and TotalEnergies bring to this partnership will support our shared vision to build industry-leading utility scale and distributed renewables platforms in the U.S." said Adebayo Ogunlesi, Chairman and CEO of Global Infrastructure Partners. All other figures as of February 2023. TotalEnergies and renewable electricityAs part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity. When typing in this field, a list of search results will appear and be automatically updated as you type. Our business today is vast, and we have earned strong returns on every investment. Our funds own 46 current portfolio companies which have combined annual revenues of US$40 billion and employ in excess of 63,000 people. 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). We also hired both an infrastructure and a private equity team and are excited about the opportunities we see in South Korea. 2021 ESG Report. GIP announced the sale of the asset in February 2016 for a significant multiple of its acquisition price. Two founding investors in its first fund, GIP I, were Credit Suisse and General Electric. But every business does need to transition to a cleaner future. It is quite possible that one-third of our business could be in these markets one day. The bottom line is that markets always need something to worry aboutand while rates are likely going higher (a bit) and inflation is going higher (a bit), we expect rate increases will be relatively muted this cycle. Andrew serves on the Board of Terminal Investment Limited. That is the Transition. It illustrates our priority to accelerate the transformation of the company to become a sustainable and profitable multi-energy company", said Patrick Pouyann, Chairman and CEO of TotalEnergies. These assets include seaports, freight rail facilities, midstream natural resources and power generation businesses. 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/. The growth sectors of property have been industrial and life sciences real estate, given e-commerce tailwinds and the biotech revolution taking hold. GIP works in partnership with the public sector and other stakeholders to improve. Global:1-416-363-9491. Headquartered in New York, GIP operates out of 10 offices: New York, London, Stamford (Connecticut), Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore and Hong Kong. For all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: bip.enquiries@brookfield.com North America: 1-866-989-0311 Global: 1-416-363-9491. 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. GIP and ACTIS ANNOUNCE ACQUISITION OF ATLAS RENEWABLE ENERGY BY GIP, Skyborn Renewables Launches as a Leading Company in Global Wind Power. As a result, we embed these principles into all our activitiesincluding our investment processand conduct our business in a sustainable and ethical manner. More importantly, our franchise is stronger and more durable today than it has ever been. In total as of 2018, its portfolio companies employ approximately 21,000 people. All combined, we have seen significant growth in our asset management earnings, with fee-related earnings growing by 33% in 2021, and we expect to see another step change in 2022. You can sign up for additional alert options at any time. At the end of 2021, TotalEnergies' gross renewable electricity generation capacity is more than 10 GW. One advantage in that regard is that, despite the good returns over the past 30 years, we still trade at a discount to what we believe our businesses would be valued at if sold. We will soon close our $15 billion Global Transition Fund, which we launched a little more than a year ago. Infrastructure Monitor identifies and analyses global trends in private investment in infrastructure View the 2022 report Better infrastructure in 2023 See how your country can improve policies, institutions, and systems to optimise infrastructure investment. Irrespective of global macro issues, which always arise, we own an incredible portfolio of real assets and businesses which provide both strong cash flow and inflation protection. They may prove to be inaccurate in the future and are subject to a number of risk factors. All of this drove very strong financial performance across our operations, underpinning the stable and growing distributions we receive. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol GLP. For additional information, visit www.globalp.com. GIP's fourth equity Fund, GIP IV, completed fund raising in December 2019, raising $22 billion. The 2020 Preqin Global Infrastructure Report is the industry's most complete and in-depth annual review. About Global Infrastructure PartnersGIP is a leading independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. GIP targets investments in the energy, transport, digital infrastructure, and water/waste sectors in both OECD and select emerging market countries. Many of our long-standing shareholders appreciate the true value of our capital base and the benefits it brings to the broader franchise. M5C 3H2, Toll-Free:1-800-564-6253 Both transactions are subject to customary conditions, including receipt of requisite regulatory approvals. GIP and TotalEnergies are well-positioned to support SunPower management's growth strategy. 2 0 obj As we consider these options (including possibly doing nothing), we will report in the quarters/years aheadand will be pleased to hear any views that you have. Total forecast infrastructure investment gaps. 617-542-5300 GLP@investorrelations.com jBz? <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> "I am delighted with this partnership with Global Infrastructure Partners, which is a major player in renewables, particularly in the United States. We continue to grow our Asia Pacific business at a faster pace than any other region. We specialize in infrastructure and real assets, investing capital on behalf of pension funds, endowments and other large institutions from around the world. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. This major transaction demonstrates the speed and magnitude of our transformation into a multi-energy company and the strength of our commitment to the United States. 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. As an example of the transaction markets today and where values have moved in a year, we note the following, which admittedly is a select group, but does represent $10 billion of assets, with a profit of $2 billion generated in the last year. 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. Prospectus Year Document Access ; 2007: 2007 Prospectus. Further information can be found on GIP's website at www.global-infra.com. We have only scratched the surface and believe that Japan will become a very meaningful investment market for us. Vice President, Technology Operations & Projects. Direct Dial:1-514-982-7555 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. Distributable earnings for the full year were a record $6.3 billion. Our asset management business continues to establish itself as one of the pre-eminent brands globally. 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 . In consideration, GIP will receive $1.60 billion in cash, plus an approximately 50% interest in the TotalEnergies subsidiary that holds its 51% ownership in SunPower Corporation (NASDAQ: SPWR), a leader in residential solar in the U.S. (with the final amounts subject to purchase price adjustments). 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. 1 0 obj These new-build opportunities will provide a steady flow of investment for this Fund, and they have already begun for us with partners including Amazon, Enbridge and Scotiabank. Global Infrastructure Partners A leading global, independent infrastructure fund manager. Toronto, ON We expect that the global recovery will be back on track soon, and the level-set of valuations in areas such as China and in technology businesses presents great opportunities. We then manage these assets and businesses proactively and finance them conservativelywith the goal of generating stable, predictable and growing cash flows for our investors. We started with an experienced fundraising team, and are now building solar projects and industrial logistics real estate. 4 0 obj Twitter: @TotalEnergiesLinkedIn:TotalEnergiesFacebook: TotalEnergiesInstagram:TotalEnergiesTwitter: @TotalEnergiesPR, Investor Relations: +33 (0)1 47 44 46 46 l [emailprotected]. Get the full list, Youre viewing 5 of 144 team members. We are conservatively positioned, with very substantial liquidity, to continue to capitalize on the vast number of opportunities we see every day. 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. It is still early, but with interest rates looking to continue in a low-ish range for longer, this business could become significant to us. 2023 PitchBook. Global Infrastructure Partners - 2023 All Rights Reserved. GIP employs approximately 150 investment and operational professionals and has offices in New York, London and Sydney, with operational headquarters in Stamford, Connecticut. A link has been emailed to you - check your inbox. (781) 894-8800, Sean T. Geary This investment cycle is just getting started, and we see a meaningful opportunity for investment in the years to come. At Global Partners LP, we promise to treat your data with respect and will not share your information with any third party. Global Infrastructure Outlook - A G20 INITIATIVE 3 countries sectors and regions you want to analyse. The first is our traditional new-build renewables business. 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. Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. We generated a record $12.4 billion of total net incomecompared with $707 million in 2020. SDG Disclaimer - Includes the additional investment needed for countries that have not yet met the SDGs. Jan 2011 - Jun 20165 years 6 months. This information is available in the PitchBook Platform. Pure-play managers have been more in vogue across global markets because they are easier to value and have attracted higher multiples. North America: 1-866-989-0311. We have been both selling more mature industrial and life sciences properties, where excellent returns have been locked in, and are buying others. Throughout our operations in more than 30 countries on five continents, we are committed to supporting and enhancing the communities in which we operate. SunPower represents the first investment in distributed energy resources for GIP's leading renewables platform, which includes ownership interests in 18 GW of operating and construction assets and over 120 GW of development pipeline via 9 existing portfolio companies. Global Partners LP We are often asked if we would prefer to be asset-light or stay asset-heavy. For those not familiar with the nomenclature, in addition to our asset management business we have $50 billion (net of debt) of our own parent company investment capital. Formulated and implemented the infrastructure strategy for video conferencing, streaming media and audio conferencing platforms, with a focus on futuristic technologies like SVC and HEVC (H.265) Free global infrastructure project platform connecting public and private sectors. 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. Global Infrastructure Partners (GIP) is a leading global independent infrastructure fund manager. With money available and interest rates low, this is a very constructive environment for good businesses. Global Infrastructure Partners was established in May 2006. Private Participation in Infrastructure (PPI) - World Bank Group In addition, our asset management business, started only 25 years ago, would not have been mature enough to consider separating it from our capital. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The fund became fully invested during 2012. We pursue investment strategies on behalf of like-minded investors, focusing on delivering strong, consistent performance over the long term. About TotalEnergiesTotalEnergies is a global multi-energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our non-traded REIT is now being distributed on four wealth platforms globally, with additional major platforms expected in the coming months. Not the case? You can explore the implications of alternative GDP growth rates for infrastructure investment needs, and meeting the United Nations Sustainable Development Goals for universal access to electricity and water for investment need. Only logged in subscribers of this site will be able to access the shared article. GIP also manages several other Funds which focus on investments in infrastructure in other asset classes or target specific regions. This is a profile preview from the PitchBook Platform. We raised $71 billion of capital across our flagship and complementary strategies, which increased total fee-bearing capital to $364 billion at year-end. Furthermore, KKR has deployed $11 billion in infrastructure investment in the past 12 months. Bengaluru Area, India. After submitting your request, you will receive an activation email to the requested email address. 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. 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. It was updated in 2018 to 56 countries to include, at the time, the 10 African countries participating in the G20 Compact with Africa. 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 are heading towards $100 billion in total assets across the region and continue to grow in all of Australia, China, Korea, Japan and India. <> 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. As you also know, we privatized our real estate business at around 70% of IFRS values in early 2021 and as planned, have now started to monetize some of the assets at premiums to these same IFRS values. Multiple of its acquisition price significant multiple of its acquisition price master partnership... 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