global infrastructure partners annual report

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. NEW YORK, May 25, 2022 /PRNewswire/ -- Global Infrastructure Partners (GIP) and TotalEnergies have formed a strategic partnership to advance their commitment to the U.S. renewable energy sector. Infrastructure Partners Fund I and its affiliated vehicles (collectively, "Fund I") and Global Infrastructure Partners Fund III and its affiliated vehicles (collectively, "Fund III") provided that certain portfolio company fees paid to Global and its affiliates were subject to an offset against fund-level management fees. Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. For more information, visit www.global-infra.com. 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. We are a premier global alternative asset manager with approximately $690 billion of assets under management. 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. We specialize in infrastructure and real assets, investing capital on behalf of pension funds, endowments and other large institutions from around the world. What a difference a year can make. Centered in the Northeast, the company is a third-generation, family-founded business with operations throughout the U.S. The 2020 Preqin Global Infrastructure Report is the industry's most complete and in-depth annual review. % We have some great partners in the country and are looking to raise RMB-denominated capital. 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. Our global team of experts offers wide specialisation, knowledge and experience. 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. On this Wikipedia the language links are at the top of the page across from the article title. 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. Moreover, our mission as a firm includes not just creating value for our investors, but ensuring our businesses deliver high quality service to the communities and customers each serve. 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. We have only scratched the surface and believe that Japan will become a very meaningful investment market for us. 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. Both committed approximately 9% of the US$5.64 billion of GIP I's committed capital. Select a country to view its investment forecasts. [*8[28Agpn" 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. Our asset management business continues to establish itself as one of the pre-eminent brands globally. NEW YORK , May 25, 2022 /PRNewswire/ -- Global Infrastructure Partners . Global Partners LP For all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: [email protected] North America: 1-866-989-0311 Global: 1-416-363-9491. 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. 2023 PitchBook. We expect these opportunities to fit into three categories. Only logged in subscribers of this site will be able to access the shared article. Email:[email protected], Management Information Circular and Proxy, Evolving to offer the best of both worlds. A top-down econometric approach using panel data to draw inferences on infrastructure investment. A full explanation of the methodology can be found in both the 2017 report, and the 2018 report update. 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. Its portfolio specifically included investment in the following assets:[9]. In 2021, we generated a record $12.4 billion of total net incomecompared with $707 million in 2020. Japan is becoming more interesting all the time and we continue to increase our presence there. Please also choose a country and/or sector you want to analyse. With the closing of the American National deal expected before the end of the second quarter, our insurance operations will now be heading towards $50 billion of assets. To explore Global Infrastructure Partnerss full profile, request access. (781) 894-8800, Sean T. Geary Based on the comparable multiples of pure-play, asset-light alternative investment managers, the equity value of our separated asset management business (i.e., our Manager) would likely be in the range of $70 billion to $100 billion (circa $45-$60 per share). Global Infrastructure Outlook was first released in July covering 50 major countries around the world. Global Infrastructure Partners (GIP) is a leading global independent infrastructure fund manager. The infrastructure sector sits at a collision point of global disruptions, including shifts in capital availability, evolving social and environmental priorities, and rapid urbanisation. View our InfraCompass Resources for sustainable infrastructure (Shair and Partners) Infrastructure Engineering, Building Engineering and Architecture in the Middle East and Africa . We remain committed to being a world-class asset manager, and to investing capital for you and the rest of our investment partners in high-quality assets that earn solid cash returns on equity, while emphasizing downside protection for the capital employed. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. In total as of 2018, its portfolio companies employ approximately 21,000 people. As we move into 2022, markets are strong, but recent volatility has brought some sanity back to areas of the markets that were overvalued. But Global . ESG factors are at the core of our approach to investment decision making and asset management, and we are committed to meaningfully helping communities through charitable giving and support. Learn more about some of the measures we are taking and the positive impact we have made. And do not hesitate to contact any of us should you have suggestions, questions, comments or ideas you wish to share. GIP works in partnership with the public sector and other stakeholders to improve. With money available and interest rates low, this is a very constructive environment for good businesses. 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. The launch of Brookfield Reinsurance has been successful on many fronts. Investor Enquiries. Click here to register, Not for publication, email or dissemination, CapitaLand Investments China data centre fund reaches S$530m close, IIs Fund Formation League Table reveals infras top law firms, IRA tax credits will usher in a new wave of ESG in America, Europeans American dream prompts DC Advisory to launch US infra team, Celebrating excellence: Infrastructure Investor Annual Awards 2022, First-time fortunes for emerging managers. GIP has made a cross section of investments in other areas of the transport sector as well as the natural resource and power generation areas of the energy sector. Two founding investors in its first fund, GIP I, were Credit Suisse and General Electric. Our asset management operations had an excellent year. For enquiries regarding share transfers, changes of address, dividend cheques and lost share certificates, please contact: Shareholder correspondence should be mailed to: endobj <> Global Infrastructure Partners (GIP) is an independent fund that invests in infrastructure assets worldwide. We will soon close our $15 billion Global Transition Fund, which we launched a little more than a year ago. We recently created a partnership with Sequoia Capital China to invest in new economy infrastructure. This, together with the added benefit of having the longest duration of annuity-like cash flows of any asset manager, means that it could now simply be separated from our capital. Global Infrastructure Partners was established in May 2006. Explore a country's capability to deliver infrastructure projects. CWEN.A). 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. 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. 2021 Dar Group Annual Report. We have already started putting the capital to work to help companies decarbonize their operations. The tone of the real estate markets has improved dramatically since mid-2020. 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. However, a critical point in this is that everything does not have to become green todayin fact, not everything can be green today. But our asset management business is now one of the largest and fastest-growing scale alternative investment businesses globally. Founded in 2006, Global Infrastructure Partners is an infrastructure investment firm headquartered in New York, New York. 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. But every business does need to transition to a cleaner future. We intend to invest significant capital in these opportunities and bring our operating capabilities to bear, but always where we can be part of the solution, not part of the problem. We began operations in Beijing in January 2016 and have since grown to 106 approved members worldwide. 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. Our asset management business is now one of the largest and fastest-growing scale alternative investment businesses globally. Pure-play managers have been more in vogue across global markets because they are easier to value and have attracted higher multiples. We manage funds across four asset classes - infrastructure, debt investments, listed equities and private equity. (a) partner with low- and middle-income countries to finance infrastructure across key sectors that advances the four key priorities critical to sustainable, inclusive growth: climate and energy. Likewise, the words "we", "us" and "our" may also be used to refer to subsidiaries in general or to those who work for them. British Venture Capital Association (BRVCA), Indian Venture Capital Association (INVCA), Principles for Responsible Investment (PRI), Youre viewing 5 of 104 investments and acquisitions. This transaction has further increased our presence in the country and opened up new adjacent opportunities. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. 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. Global Partners LP Files 2021 Annual Report on Form 10-K February 28, 2022 Download WALTHAM, Mass.-- (BUSINESS WIRE)-- 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. 31 Adelaide St. E This report outlines some of the current and future initiatives we are committed to addressing as part of our ESG strategy. "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. KKR closed the largest infrastructure fund of 2022 on $17 billion, as well as a further $5.5 billion for its second dedicated Asia strategy, the biggest pool of capital raised in the region. All rights reserved. Prospectus Year Document Access ; 2007: 2007 Prospectus. 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. For enquiries . Read our detailed forecasts and analysis in the 2022 Global Alternatives Reports, only on Preqin . 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. 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. You must click the activation link in order to complete your subscription. 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. 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. M5C 3H2, Toll-Free:1-800-564-6253 Since joining GIP, he has helped arrange approximately $100 billion of financings for our portfolio companies. Bob, Lucy and Andrew have made meaningful contributions to GIP's businesses and these well-deserved promotions are testaments to their leadership capabilities.". Cautionary NoteThis press release, from which no legal consequences may be drawn, is for information purposes only. Bob serves on the Boards of Medallion Midstream LLC, Clearway Energy Group, and Saavi Energia. 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. The firm's first investment was announced in October 2006. 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. In January 2019, Stonepeak realized its investment in Dominion. Brookfield Asset Management Inc. We generated a record $12.4 billion of total net incomecompared with $707 million in 2020. The first is our traditional new-build renewables business. 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. The companies in GIPs equity portfolios have combined annual revenues greater than $80 billion and employ approximately 100,000 people. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> If you experience any issues with this process, please contact us for further assistance. Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. This gives us critical mass and the regulatory licenses to continue assisting our insurance clients in many ways. Twitter: @TotalEnergiesLinkedIn:TotalEnergiesFacebook: TotalEnergiesInstagram:TotalEnergiesTwitter: @TotalEnergiesPR, Investor Relations: +33 (0)1 47 44 46 46 l [emailprotected]. This information is available in the PitchBook Platform. But for new investors who do not know us as well, this can be more time-consuming to understand. P.O. In September 2012, GIP's second fund, GIP II, completed fund raising with US$8.25 billion in investor capital commitments, making it the largest independent infrastructure fund in the world at that time. 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. The investment required to accomplish this is in the tens of trillions of dollars. The data from this website is from analysis and modelling by Oxford Economics, who the Global Infrastructure Hub engaged to produce Global Infrastructure Outlook. The firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. GIP manages approximately US$77 billion for its investors. 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. All other figures as of February 2023. View source version on businesswire.com: Global Partners LP A copy of the Annual Report on Form 10-K is available to be viewed or downloaded on the Partnerships website https://ir.globalp.com/financials/sec-filings/default.aspx or from the SECs website at www.sec.gov. A link has been emailed to you - check your inbox. Please confirm you would like to remove this article from your saved articles. Forecasts of the investment required to meet the UN Sustainable Development Goals for universal access to electricity, water and sanitation are calculated for low and middle income countries where access is currently less than 100 percent. We are committed to ensuring that the assets and businesses we invest in are set up for long-term success, and we seek to have a positive impact on the environment and the communities in which we operate. A verification email is on its way to you. 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. Total forecast infrastructure investment gaps. 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. <> endobj Our latest annual report highlights our work in FY21 . Industries such as steel, cement, chemicals and others require both renewable generation to lower their carbon footprint and capital to decarbonize their production processes. We target infrastructure businesses and assets in energy, transportation, digital, water and waste sectors where we believe our expertise and relationships provide a competitive advantage. 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. 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 [email protected]. 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. Chief Financial Officer GIP employs approximately 150 investment and operational professionals and has offices in New York, London and Sydney, with operational headquarters in Stamford, Connecticut. 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