global infrastructure partners annual report
The full impact of the pandemic will take years to play out. Both transactions are subject to customary conditions, including receipt of requisite regulatory approvals. An emphasis on diversity and inclusion reinforces our culture of collaboration. We pursue investment strategies on behalf of like-minded investors, focusing on delivering strong, consistent performance over the long term. We raised $71 billion of capital during the year. 501 Boylston Street, 10th Floor Get limited access to our industry news, analysis and data, plus regular email updates. Please confirm you would like to remove this article from your saved articles. GIP's portfolio companies have combined annual revenues of c. US $61 billion and employ c. 99,000 people. After submitting your request, you will receive an activation email to the requested email address. We also have a number of industrial businesses. We recently had the final close for our sixth real estate debt fund, raising $4 billionand in just the fourth quarter we raised over $1 billion for our open-end perpetual private infrastructure fund. <> It was a 50:50 joint venture between GIP and American International Group (AIG) to acquire London City Airport for an undisclosed sum. 2019. But, as an indication of the returns that can be generated over the longer term, below is our latest tabulation of annualized compound investment returns over the past 30 years. Don't have an account? 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. 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. Private Participation in Infrastructure (PPI) - World Bank Group For all Brookfield Infrastructure Corporation investor enquiries, please call our shareholder enquiries line: bip.enquiries@brookfield.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. P.O. Economies are normalizing as central bank intervention is withdrawn. A full explanation of the methodology can be found in both the 2017 report, and the 2018 report update. 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. The Company invests in the natural resources infrastructure, water distribution and . 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. For enquiries regarding share transfers, changes of address, dividend cheques and lost share certificates, please contact: Shareholder correspondence should be mailed to: 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. While the fund distribution market in China is small today on a relative basis, we believe that in the long run, it could become meaningful to us. Both committed approximately 9% of the US$5.64 billion of GIP I's committed capital. This is a profile preview from the PitchBook Platform. 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. 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. GIP announced the sale of the asset in February 2016 for a significant multiple of its acquisition price. GIP manages c. US $81 billion for its investors. This report outlines some of the current and future initiatives we are committed to addressing as part of our ESG strategy. Global Infrastructure Partners operates as an investment company. Today in Australia we have access to global capital, but truly are a local player. 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. Our global equity funds continue the Firms tried and tested approach to investing in core and core-plus infrastructure opportunities. For enquiries . GIP targets investments in the energy, transport, digital infrastructure, and water/waste sectors in both OECD and select emerging market countries. Choose a region. GIP manages approximately US$77 billion for its investors. This fund was raised fasterand is largerthan expected, and we have already started putting the capital to work to help companies decarbonize their operations. For 30 years we have been developing renewable assets as a component of our infrastructure strategy, but given the sheer quantity of renewables required as the grid shifts generation to renewables, the capital required is now much larger than in the past. A verification email is on its way to you. 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. Our global team of experts offers wide specialisation, knowledge and experience. 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. In addition, these investors understand how and what we invest in, and have been comfortable with us making investment decisions with the capital. We also hired both an infrastructure and a private equity team and are excited about the opportunities we see in South Korea. The firm's first investment was announced in October 2006. Global:1-416-363-9491. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. (Put into perspective, even eight rate hikes will bring the U.S. short rate only to around 2%.). That is the Transition. All other figures as of February 2023. Distributable earnings for the full year were a record $6.3 billion. <>>> Our initial business in Asia Pacific was in Australia, where today we have $30 billion of assets across our businesses. The launch of Brookfield Reinsurance has been successful on many fronts. 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/. WALTHAM, Mass.--(BUSINESS WIRE)-- from 8 AM - 9 PM ET. While always careful, we believe that our early success can lead to much more. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. NEW YORK , May 25, 2022 /PRNewswire/ -- Global Infrastructure Partners . <> What a difference a year can make. CONTACT INFORMATION. About Global Infrastructure PartnersGIP is a leading independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. 617-542-5300 GLP@investorrelations.com 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. Box 7021 In total, our business now accounts for $13 billion of assets across wind and solar projects, distributed electricity generation, office, industrial warehouse, retail and mixed-use projects, multi-family residential, and industrial businesses. 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. Our renewable power and infrastructure businesses have been resilient over the last two years, delivering consistent, steady growth. GIP has 10 offices around the world with major hubs in New York, Stamford, London, Sydney, Hong Kong and Mumbai. By providing your email address below, you are providing consent to Global Partners LP to send you the requested Investor Email Alert updates. 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. Contact Information Website www.global-infra.com Year Founded 2006 Investor Status North America: 1-866-989-0311. Centered in the Northeast, the company is a third-generation, family-founded business with operations throughout the U.S. The firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. Preqin forecasts show how different asset classes and markets will grow at different paces. We are disciplined in acquiring high-quality assets and businesses that we believe can deliver strong performance across market cycles. But Global . 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. Select a region to view its investment forecasts. 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. 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. We generated a record $12.4 billion of total net incomecompared with $707 million in 2020. We have only scratched the surface and believe that Japan will become a very meaningful investment market for us. 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 Partners LP 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. This latest round of funds was not only larger, but was raised more quickly than expected. We began operations in Beijing in January 2016 and have since grown to 106 approved members worldwide. TotalEnergies SE has no liability for their acts or omissions. 3 0 obj View our InfraCompass Resources for sustainable infrastructure 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. 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). Global Infrastructure Hub | 15,500 followers on LinkedIn. You must click the activation link in order to complete your subscription. 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. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. This shows both the power of the franchise and the interest from investors in achieving net zero globally. 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. We continue to grow our Asia Pacific business at a faster pace than any other region. Select a sector to view its investment forecasts. Please check your spam or junk folder just in case. Global Infrastructure Outlook - A G20 INITIATIVE 3 countries sectors and regions you want to analyse. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. 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) The Global Infrastructure Hub would like to extend our thanks to the peer reviewers from the following organisations who provided a large number of helpful comments and suggestions: Australian Treasury, The Brattle Group, European Bank for Reconstruction and Development, Inter-American Development Bank, International Monetary Fund, and the University of Cape Town. Chief Financial Officer But for new investors who do not know us as well, this can be more time-consuming to understand. EmergentCold LatAm 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 searchable guide on typical risk allocation in PPP transactions, 'current trend' in infrastructure investment under the assumption that countries continue to invest in line with current trends, with growth occurring only in response to changes in each countrys economic and demographic fundamentals; and. "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. 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