In an inflationary environment, backbone real assets, private credit and transition-focused investments are where you want to be invested. Global Infrastructure Partners' first fund, GIP I, completed its fund raising in May 2008 with $5.64 billion in investor capital commitments. 2023 PitchBook. 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. Bob serves on the Boards of Medallion Midstream LLC, Clearway Energy Group, and Saavi Energia. About Global Infrastructure PartnersEstablished in 2006, GIP is one of the world's leading specialist infrastructure investors. 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. They may prove to be inaccurate in the future and are subject to a number of risk factors. We started with an experienced fundraising team, and are now building solar projects and industrial logistics real estate. We have been both selling more mature industrial and life sciences properties, where excellent returns have been locked in, and are buying others. Our global team of experts offers wide specialisation, knowledge and experience. Vice President Mergers & Acquisitions Our disciplined, well-established approach to investing reflects our over 100-year history as an owner and operator. With money available and interest rates low, this is a very constructive environment for good businesses. "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. 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. 2 0 obj Global Infrastructure Hub | 15,500 followers on LinkedIn. Our real estate secondaries strategy has raised $2 billion of capital, and we are now in the midst of raising our first commingled fund. Our Strategy Portfolio For more information, visit www.global-infra.com. GIP's fourth equity Fund, GIP IV, completed fund raising in December 2019, raising $22 billion. We have some great partners in the country and are looking to raise RMB-denominated capital. 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). In fact, by midyear the markets were worried about exactly the opposite! Our asset management operations had an excellent year. 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. Please confirm you would like to remove this article from your saved articles. GLP@investorrelations.com. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> But our asset management business is now one of the largest and fastest-growing scale alternative investment businesses globally. To explore Global Infrastructure Partnerss full profile, request access. Global Infrastructure Partners was established in May 2006. Transfer Agent. 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. %PDF-1.5 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. Prospectus Year Document Access ; 2007: 2007 Prospectus. 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. For reference, $1 million invested 30 years ago in Brookfield Asset Management is worth $111 million today. www.computershare.com/investor, Managing Partner, Strategic Initiatives Get the full list, Youre viewing 5 of 144 team members. Leveraging our operating experience, we invest in key sectors across renewable power & transition, infrastructure, private equity, real estate, and credit & insurance. Our global equity funds continue the Firms tried and tested approach to investing in core and core-plus infrastructure opportunities. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. Our asset management business continues to establish itself as one of the pre-eminent brands globally. 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. 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. Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. This site uses cookies for analytics. This included a final $16 billion close for our flagship opportunistic credit fund and $24 billion in aggregate to date for our global transition fund and our latest opportunistic real estate fund. 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. 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. In fact, our business has grown faster and become more profitable because of the capital we have to support it. 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. This capital is the result of both the retention of profits and growth in asset values over the decades. This shows both the power of the franchise and the interest from investors in achieving net zero globally. The main goal of our investments is to assist and accelerate the transition to net zero. . 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. 2007 Annual Report. We started in South Korea 10 years ago and have one of the strongest client rosters of any foreign manager in the country. We are conservatively positioned, with very substantial liquidity, to continue to capitalize on the vast number of opportunities we see every day. This information is available in the PitchBook Platform. Andrew Paulson joined GIP in 2018 with over 20 years of infrastructure financing experience. 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). 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. 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. The World Economic Forum's Global Future Council on Infrastructure is meeting this year to discuss and develop new tools to help attract investment and to bring innovation into infrastructure development 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. 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. Lucy Chadwick joined GIP in 2019 with over 30 years of transport industry and government experience. Headquartered in New York, GIP operates out of 10 offices: New York, London, Stamford (Connecticut), Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore and Hong Kong. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. We will soon close our $15 billion Global Transition Fund, which we launched a little more than a year ago. 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. And despite some setbacks with a new variant appearing in December, these are passing as we write. CWEN.A). 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. P.O. stream 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. 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. On this Wikipedia the language links are at the top of the page across from the article title. 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. Read our detailed forecasts and analysis in the 2022 Global Alternatives Reports, only on Preqin . GIP and ACTIS ANNOUNCE ACQUISITION OF ATLAS RENEWABLE ENERGY BY GIP, Skyborn Renewables Launches as a Leading Company in Global Wind Power. Its portfolio consists of about a dozen companies, most of which are located in North America and the UK. Our approach is focused on investing on a value basis. The fund became fully invested during 2012. He leads GIP's capital markets group, which is responsible for our portfolio company debt financing activities across commercial lending and capital markets. But every business does need to transition to a cleaner future. View our InfraCompass Resources for sustainable infrastructure At Global Partners LP, we promise to treat your data with respect and will not share your information with any third party. Acting General Counsel, Secretary and 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. Global:1-416-363-9491. Chief Financial Officer 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. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. 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. 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. . This was an almost 50% increase compared with 2020, and all parts of our business contributed to the strong results. Jan 2011 - Jun 20165 years 6 months. You should only be asked to sign in once. 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. We raised $71 billion of capital across our flagship and complementary strategies, which increased total fee-bearing capital to $364 billion at year-end. That is the Transition. We also have a number of industrial businesses. 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. Contact Information Website www.global-infra.com Year Founded 2006 Investor Status Free global infrastructure project platform connecting public and private sectors. Global Infrastructure Partners operates as an investment company. 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 . 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. If you experience any issues with this process, please contact us for further assistance. Today in Australia we have access to global capital, but truly are a local player. And do not hesitate to contact any of us should you have suggestions, questions, comments or ideas you wish to share. 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. 4`0v P2*Qo 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. Preqin forecasts show how different asset classes and markets will grow at different paces. 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's Credit business manages over $4 billion across three Funds: GIP Capital Solutions I and GIP Capital Solutions II and GIP Spectrum. We expect these opportunities to fit into three categories. 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. 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. Likewise, the words "we", "us" and "our" may also be used to refer to subsidiaries in general or to those who work for them. Please also choose a country and/or sector you want to analyse. 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. 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. Our latest annual report highlights our work in FY21 . 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. [*8[28Agpn" The companies in GIPs equity portfolios have combined annual revenues greater than $80 billion and employ approximately 100,000 people. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. Tel:416-956-5129 501 Boylston Street, 10th Floor Global Infrastructure Partners (GIP) is an independent fund that invests in infrastructure assets worldwide. Many of our long-standing shareholders appreciate the true value of our capital base and the benefits it brings to the broader franchise. We generated a record $12.4 billion of total net incomecompared with $707 million in 2020. Brookfield Asset Management Inc. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. While always careful, we believe that our early success can lead to much more. 4 0 obj Clearway owns the fifth largest operating portfolio of non-regulated renewable assets in the U.S. (5.7 GW) and a 22 GW development pipeline and will represent TotalEnergies' largest investment in U.S. renewables to date. At GIP, making a positive contribution to the communities in which we operate is fundamental to our business and companies with which we work. All in all, 2021 was a pretty good year. In undertaking this work Oxford Economics drew on information provided by third parties, upon which Oxford Economics has relied on in good faith. 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. 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. 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