global infrastructure partners annual reportglobal infrastructure partners annual report

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. Please also choose a country and/or sector you want to analyse. We will soon close our $15 billion Global Transition Fund, which we launched a little more than a year ago. Global Infrastructure Hub | 15,500 followers on LinkedIn. Both committed approximately 9% of the US$5.64 billion of GIP I's committed capital. Investor Enquiries. Throughout our operations in more than 30 countries on five continents, we are committed to supporting and enhancing the communities in which we operate. Global Infrastructure Partners A leading global, independent infrastructure fund manager. Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. Since then, he has been a key member of our Business Improvements Team and has led process improvement efforts and capital efficiency programs at several of GIP's portfolio companies. The areas of the property markets that have exhibited value investment characteristics (primarily office and retail) have been incredible places to acquire assets at a steep discount over the past two years, as there have been very few competitive buyers. 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. 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. Our initial business in Asia Pacific was in Australia, where today we have $30 billion of assets across our businesses. This was an almost 50% increase compared with 2020, and all parts of our business contributed to the strong results. The tone of the real estate markets has improved dramatically since mid-2020. (781) 894-8800, Scott Solomon, SVP All other figures as of February 2023. All in all, 2021 was a pretty good year. Our latest annual report highlights our work in FY21 . 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. Learn more about some of the measures we are taking and the positive impact we have made. "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. 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. Performance in the stock market was exceptional; a 48% market return (the gain on our stock in 2021) does not happen very often. We are conservatively positioned, with very substantial liquidity, to continue to capitalize on the vast number of opportunities we see every day. 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. We pursue investment strategies on behalf of like-minded investors, focusing on delivering strong, consistent performance over the long term. 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. 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. endobj It was a 50:50 joint venture between GIP and American International Group (AIG) to acquire London City Airport for an undisclosed sum. Contact Information Website www.global-infra.com Year Founded 2006 Investor Status 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. The launch of Brookfield Reinsurance has been successful on many fronts. The Company invests in the natural resources infrastructure, water distribution and . Further information can be found on GIP's website at www.global-infra.com. On top of that, we crystalized a record $1.7 billion of carried interest in 2021. 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. Industries such as steel, cement, chemicals and others require both renewable generation to lower their carbon footprint and capital to decarbonize their production processes. 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. Cautionary NoteThis press release, from which no legal consequences may be drawn, is for information purposes only. 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. "I am delighted with this partnership with Global Infrastructure Partners, which is a major player in renewables, particularly in the United States. endobj 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. EmergentCold LatAm Centered in the Northeast, the company is a third-generation, family-founded business with operations throughout the U.S. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. 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. I*Tqo/)wbq qmq&& f0AOS;O(DN?kWahGntCK_U:iQUky-P*Dj_*S.6[VfG(tr:=[u^% HuG2A#U;EcpO|]f kR2^J),9*ESZLFGhhDK.6P*DZ_DFqLv42BG:^,z*o%\cN9&IG?G. In fact, our business has grown faster and become more profitable because of the capital we have to support it. 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. At the end of 2021, TotalEnergies' gross renewable electricity generation capacity is more than 10 GW. This shows both the power of the franchise and the interest from investors in achieving net zero globally. 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. The 2020 Preqin Global Infrastructure Report is the industry's most complete and in-depth annual review. 1 0 obj Download the Report. While always careful, we believe that our early success can lead to much more. Get the full list, Youre viewing 5 of 144 team members. <>>> This investment cycle is just getting started, and we see a meaningful opportunity for investment in the years to come. More importantly, our franchise is stronger and more durable today than it has ever been. Global Infrastructure Partners (GIP) is a leading global independent infrastructure fund manager. Brookfield Asset Management Inc. Furthermore, KKR has deployed $11 billion in infrastructure investment in the past 12 months. 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. 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. The primary objective of the company continues to be to generate increasing cash flows on a per-share basis, and as a result, higher intrinsic value per share over the longer term. 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. 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. Global Infrastructure Partners was established in May 2006. It allows TotalEnergies to scale up in the U.S. market, one of the most dynamic in the world, benefiting from operating assets, a 22 GW high quality portfolio, with a wide geographic coverage with a presence in 34 states. We held a final close for our growth equity fund for over $500 million and expect to launch the next vintage in the first half of 2022. In undertaking this work Oxford Economics drew on information provided by third parties, upon which Oxford Economics has relied on in good faith. 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. Oxford Economics has also relied on insights and knowledge developed from earlier research into infrastructure spending undertaken in conjunction with PwC. <> 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. Andrew Paulson joined GIP in 2018 with over 20 years of infrastructure financing experience. This latest round of funds was not only larger, but was raised more quickly than expected. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. 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). 2019. The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrowinfrastructure with sustainability at its core. All of this drove very strong financial performance across our operations, underpinning the stable and growing distributions we receive. GIPs in-depth knowledge of our target industries helps to improve our ability to originate proprietary transactions, conduct deep and extensive due diligence, structure and close investments, employ best practice operating management, effectively manage stakeholder relationships and identify exit opportunities. In addition, as our reinsurance and investment operations grow, separating a part of the Manager might make sense in order to allow investors who only want exposure to the Manager, to own a separate security. 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. 3 0 obj Our renewable power and infrastructure businesses have been resilient over the last two years, delivering consistent, steady growth. We raised $71 billion of capital across our flagship and complementary strategies, which increased total fee-bearing capital to $364 billion at year-end. Its portfolio consists of about a dozen companies, most of which are located in North America and the UK. Global Infrastructure Management LLC. GIP and ACTIS ANNOUNCE ACQUISITION OF ATLAS RENEWABLE ENERGY BY GIP, Skyborn Renewables Launches as a Leading Company in Global Wind Power. Cision Distribution 888-776-0942 In addition to our flagship products, we have 35+ other strategies in the market raising capital. $53.4bn Assets under management 215 Global staff 240+ Institutional investors AUM as of December 2022, inclusive of subsequent committed capital. Global Infrastructure Outlook was first released in July covering 50 major countries around the world. We recently created a partnership with Sequoia Capital China to invest in new economy infrastructure. Our funds own 46 current portfolio companies which have combined annual revenues of US$40 billion and employ in . And despite some setbacks with a new variant appearing in December, these are passing as we write. 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. With assets under management at a record-high $582bn, private infrastructure is continuing to grow. 2021 ESG Report. % The data from this website is from analysis and modelling by Oxford Economics, who the Global Infrastructure Hub engaged to produce Global Infrastructure Outlook. TotalEnergies SE has no liability for their acts or omissions. We invest where we can bring our competitive advantages to bear, leveraging our deep operational expertise, global reach and access to large-scale, flexible capital. GIP targets investments in the energy, transport, digital infrastructure, and water/waste sectors in both OECD and select emerging market countries. 31 Adelaide St. E And do not hesitate to contact any of us should you have suggestions, questions, comments or ideas you wish to share. GIP's global renewables portfolio includes solar, wind, hydro, and battery storage assets representing 18 GW of operating and construction capacity, royalty interests in over 21 GW of operating renewable projects, and over 120 GW of assets in development. 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. Sharon Merrill Associates, Inc. She is Head of GIP's Environmental, Social and Governance Team, leading our efforts to place ESG considerations at the core of our investment processes and working with our portfolio companies to help position them as market leaders in their respective sectors as part of GIP's investment strategy. 2007 Annual Report. 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. That is the Transition. [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. Vice President, Technology Operations & Projects. GIP announced the sale of the asset in February 2016 for a significant multiple of its acquisition price. 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. 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. 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. 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 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. About Global Infrastructure PartnersEstablished in 2006, GIP is one of the world's leading specialist infrastructure investors. We began operations in Beijing in January 2016 and have since grown to 106 approved members worldwide. If we distributed most of our $50 billion of investment capital to shareholders, we could quickly and easily become asset-light. Please also choose a country and/or region you want to analyse. Twitter: @TotalEnergiesLinkedIn:TotalEnergiesFacebook: TotalEnergiesInstagram:TotalEnergiesTwitter: @TotalEnergiesPR, Investor Relations: +33 (0)1 47 44 46 46 l [emailprotected]. The infrastructure sector sits at a collision point of global disruptions, including shifts in capital availability, evolving social and environmental priorities, and rapid urbanisation. We offer core, core-plus, value-add, opportunistic/growth equity and credit strategies through closed-end and perpetual vehicles in both the public and private markets. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. 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). 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. Global Infrastructure Partners (GIP) is a leading global independent infrastructure fund manager. By providing your email address below, you are providing consent to Global Partners LP to send you the requested Investor Email Alert updates. Not the case? North America: 1-866-989-0311. View source version on businesswire.com: Done Clear countries A G20 INITIATIVE Forecasting infrastructure investment needs and gaps Compare forecasts globally, or across 56 countries & 7 sectors & 5 regions Start now Download full report Sectors Total across all selected sectors Energy A verification email is on its way to you. 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.

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