global infrastructure partners annual report

We are in the final stages of closing our $15 billion Brookfield Global Transition Fund I. At the end of 2021, TotalEnergies' gross renewable electricity generation capacity is more than 10 GW. Get limited access to our industry news, analysis and data, plus regular email updates. We have already started putting the capital to work to help companies decarbonize their operations. If we distributed most of our $50 billion of investment capital to shareholders, we could quickly and easily become asset-light. SunPower is the second largest residential solar company in the U.S., providing customers with fully integrated solar, storage, home energy and financing solutions. The main goal of our investments is to assist and accelerate the transition to net zero. Global Partners LP 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. With assets under management at a record-high $582bn, private infrastructure is continuing to grow. www.computershare.com/investor, Managing Partner, Strategic Initiatives Centered in the Northeast, the company is a third-generation, family-founded business with operations throughout the U.S. 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. 4 0 obj In addition to our flagship products, we have 35+ other strategies in the market raising capital. <>>> Key deals include CyrusOne, a global developer and operator . We also have a number of industrial businesses. To be very clear, that excludes the equity capital that we have invested in our businesses, which today is around another $50 billion net (circa $30 per share). 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. For all Brookfield Infrastructure Corporation investor enquiries, please call our shareholder enquiries line: bip.enquiries@brookfield.com. 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. 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. Bob, Lucy and Andrew have made meaningful contributions to GIP's businesses and these well-deserved promotions are testaments to their leadership capabilities.". Further information can be found on GIP's website at www.global-infra.com. Only logged in subscribers of this site will be able to access the shared article. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Don't have an account? 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. Brookfield Asset Management Inc. Cautionary NoteThis press release, from which no legal consequences may be drawn, is for information purposes only. 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/. As of December 2020, Global Infrastructure Partners had aggregate assets under management of approximately US$75 billion, such investments being concentrated in OECD countries. 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. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Our renewable power and infrastructure businesses have been resilient over the last two years, delivering consistent, steady growth. While always careful, we believe that our early success can lead to much more. But for new investors who do not know us as well, this can be more time-consuming to understand. 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. Get the full list, Youre viewing 5 of 42 exits. GIP's portfolio companies have combined annual revenues of c. US $61 billion and employ c. 99,000 people. 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. 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. 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. As a result, this should become a very large business for us. endobj . 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. x\[S8~G{fUTB=m[53H lbzsd'(I|%;|r?q'wxy2|L$xp4e=es=YR}:q;OhKtnG1?E In undertaking this work Oxford Economics drew on information provided by third parties, upon which Oxford Economics has relied on in good faith. In total, we received $2.2 billion during the year and we expect this to continue increasing in line with the growth in the underlying businesses. Today, this portfolio could likely be sold for double our purchase price. Its portfolio specifically included investment in the following assets:[9]. This latest round of funds was not only larger, but was raised more quickly than expected. We have only scratched the surface and believe that Japan will become a very meaningful investment market for us. 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. Cision Distribution 888-776-0942 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. 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. We expect these opportunities to fit into three categories. Our non-traded REIT is now being distributed on four wealth platforms globally, with additional major platforms expected in the coming months. 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. 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. 2023 PitchBook. Transfer Agent. You should only be asked to sign in once. Box 7021 We generated a record $12.4 billion of total net incomecompared with $707 million in 2020. More importantly, our franchise is stronger and more durable today than it has ever been. What a difference a year can make. And we take a long-term view in deploying capitalbut are ready to act decisively when the right opportunities emerge. But every business does need to transition to a cleaner future. 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. Twitter: @TotalEnergiesLinkedIn:TotalEnergiesFacebook: TotalEnergiesInstagram:TotalEnergiesTwitter: @TotalEnergiesPR, Investor Relations: +33 (0)1 47 44 46 46 l [emailprotected]. 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. GIP's fourth equity Fund, GIP IV, completed fund raising in December 2019, raising $22 billion. <> Our asset management operations had an excellent year. We will soon close our $15 billion Global Transition Fund, which we launched a little more than a year ago. CONTACT INFORMATION. GIP and ACTIS ANNOUNCE ACQUISITION OF ATLAS RENEWABLE ENERGY BY GIP, Skyborn Renewables Launches as a Leading Company in Global Wind Power. Separating a part of our Manager in the public or private market, while ensuring it still benefits from the capital we have at overall Brookfield, could open up growth options to us that do not exist today, as we dislike ever issuing shares at less than what we believe to be at least their full fair value. The firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. Its portfolio consists of about a dozen companies, most of which are located in North America and the UK. The Company invests in the natural resources infrastructure, water distribution and . We pursue investment strategies on behalf of like-minded investors, focusing on delivering strong, consistent performance over the long term. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol GLP. For additional information, visit www.globalp.com. On top of that, we crystalized a record $1.7 billion of carried interest in 2021. Most recently we committed to close our largest transaction to date: the purchase of a public company with an enterprise value of US$13 billion, which owns four utilities in Victoria. Today in Australia we have access to global capital, but truly are a local player. By continuing to browse this site, you agree to this use. 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 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. Read our detailed forecasts and analysis in the 2022 Global Alternatives Reports, only on Preqin . In January 2019, Stonepeak realized its investment in Dominion. Free global infrastructure project platform connecting public and private sectors. 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 manages c. US $81 billion for its investors. We recently created a partnership with Sequoia Capital China to invest in new economy infrastructure. 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 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. Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. North America: 1-866-989-0311. Likewise, the words "we", "us" and "our" may also be used to refer to subsidiaries in general or to those who work for them. Tel:416-956-5129 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. (Put into perspective, even eight rate hikes will bring the U.S. short rate only to around 2%.). 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. We also hired both an infrastructure and a private equity team and are excited about the opportunities we see in South Korea. We focus on value creation and capital preservation, investing in high-quality assets and businesses within our areas of expertise. Private Participation in Infrastructure (PPI) - World Bank Group This investment cycle is just getting started, and we see a meaningful opportunity for investment in the years to come. 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. 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. 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. This information is available in the PitchBook Platform. Acting General Counsel, Secretary and 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. from 8 AM - 9 PM ET. Learn more about some of the measures we are taking and the positive impact we have made. GIP targets investments in the energy, transport, digital infrastructure, and water/waste sectors in both OECD and select emerging market countries. 3 0 obj Our business today is vast, and we have earned strong returns on every investment. In India, our 14 years have taught us that if youre careful and patient, you can do extremely well. Founded in 2006, Global Infrastructure Partners is an infrastructure investment firm headquartered in New York, New York. GIP has 10 offices around the world with major hubs in New York, Stamford, London, Sydney, Hong Kong and Mumbai. If you experience any issues with this process, please contact us for further assistance. GIP and TotalEnergies are well-positioned to support SunPower management's growth strategy. Our global equity funds continue the Firms tried and tested approach to investing in core and core-plus infrastructure opportunities. 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. They may prove to be inaccurate in the future and are subject to a number of risk factors. Explore a country's capability to deliver infrastructure projects. 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. In an inflationary environment, backbone real assets, private credit and transition-focused investments are where you want to be invested. 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. 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. Bob serves on the Boards of Medallion Midstream LLC, Clearway Energy Group, and Saavi Energia. But Global . PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. 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. 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. 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. Download the Report. British Venture Capital Association (BRVCA), Indian Venture Capital Association (INVCA), Principles for Responsible Investment (PRI), Youre viewing 5 of 104 investments and acquisitions. Please confirm you would like to remove this article from your saved articles. 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. 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. Annual Report and Financial Statements For the Year Ended 31 October 2019. stream Email:bip.enquiries@brookfield.com, Management Information Circular and Proxy, Evolving to offer the best of both worlds. For reference, $1 million invested 30 years ago in Brookfield Asset Management is worth $111 million today. 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. 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. For enquiries . 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. Our global team of experts offers wide specialisation, knowledge and experience. SDG Disclaimer - Includes the additional investment needed for countries that have not yet met the SDGs. 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. Investor Enquiries. https://www.businesswire.com/news/home/20220228005904/en/, Gregory B. Hanson 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. 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. We are conservatively positioned, with very substantial liquidity, to continue to capitalize on the vast number of opportunities we see every day. The first is our traditional new-build renewables business. Such terms are used solely for the sake of convenience for purposes of the present communication. Prospectus Year Document Access ; 2007: 2007 Prospectus. 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. Select a region to view its investment forecasts. 1 0 obj 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. 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. Headquartered in New York, GIP operates out of 10 offices: New York, London, Stamford (Connecticut), Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore and Hong Kong. Global Infrastructure Partners (GIP) is a leading global independent infrastructure fund manager. Since early 2021, TotalEnergies has secured a development pipeline of 8 GW onshore renewables and 4 GW offshore wind in the U.S. TotalEnergies will enhance Clearway's growth prospects by providing (i) a right of first offer on its U.S. onshore renewable assets to CWEN, and (ii) access to TotalEnergies' U.S. power marketing capabilities and corporate relationships to optimize and enhance the commercial value of Clearway's development and operating projects. Register now to read this article and more for free. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, GLOBAL INFRASTRUCTURE PARTNERS ANNOUNCES THE ELECTION OF SIX NEW PARTNERS, GIP and ACTIS ANNOUNCE ACQUISITION OF ATLAS RENEWABLE ENERGY BY GIP. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. All of this drove very strong financial performance across our operations, underpinning the stable and growing distributions we receive. Global Partners LP Select a sector to view its investment forecasts. More recently, we acquired a number of new-build industrial logistics warehouse projects and land for data centers. Vice President Mergers & Acquisitions 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. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. After submitting your request, you will receive an activation email to the requested email address. GIP Credit targets energy, transport, digital, water/waste and other industries or projects with infrastructure-like characteristics. Global Infrastructure Outlook was first released in July covering 50 major countries around the world. GIP works in partnership with the public sector and other stakeholders to improve. The investment required to accomplish this is in the tens of trillions of dollars. Sembcorp to acquire Vector Green Energy from Global Infrastructure Partners for $345m Submitted 22/11/2022 - 11:06am Sembcorp Industries is to acquire Mumbai-based energy producer Vector Green Energy for $345 million from a fund managed by the Indian unit of private equity firm Global Infrastructure Partners, according to a report by Deal . Global Infrastructure Partners 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. [*8[28Agpn" 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. 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. We raised $71 billion of capital during the year. View source version on businesswire.com: It was a 50:50 joint venture between GIP and American International Group (AIG) to acquire London City Airport for an undisclosed sum. P.O. Direct Dial:1-514-982-7555 EmergentCold LatAm 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. For all Brookfield Infrastructure Corporation investor enquiries, please call our shareholder enquiries line: bip.enquiries@brookfield.com 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 take a conservative approach to the use of leverage, ensuring that we can preserve capital across all business cycles. [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. 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. 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. The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrowinfrastructure with sustainability at its core.

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