x\[S8~G{fUTB=m[53H lbzsd'(I|%;|r?q'wxy2|L$xp4e=es=YR}:q;OhKtnG1?E It is quite possible that one-third of our business could be in these markets one day. 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. GIP also manages several other Funds which focus on investments in infrastructure in other asset classes or target specific regions. 1 0 obj With several of our earlier vintage funds having passed their preferred hurdles, we are now realizing carried interest across a variety of strategies, and we expect to continue this momentum into 2022. More importantly, our franchise is stronger and more durable today than it has ever been. Brookfield Asset Management Inc. Global Companies LLC, Global Montello Group Corp., Global Energy Marketing LLC and Alliance Energy LLC are subsidiaries of Global Partners LP 800 South Street, Suite 500, P.O. If we distributed most of our $50 billion of investment capital to shareholders, we could quickly and easily become asset-light. 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. 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. Global Infrastructure Partners operates as an investment company. 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 They may prove to be inaccurate in the future and are subject to a number of risk factors. 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. (781) 894-8800, Sean T. Geary The second type of opportunity focuses on providing capital to industrial companies to enable them to decarbonize their operations. With assets under management at a record-high $582bn, private infrastructure is continuing to grow. 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. Choose a region. A top-down econometric approach using panel data to draw inferences on infrastructure investment. If you experience any issues with this process, please contact us for further assistance. 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. Our real estate secondaries strategy has raised $2 billion of capital, and we are now in the midst of raising our first commingled fund. GIP employs approximately 150 investment and operational professionals and has offices in New York, London and Sydney, with operational headquarters in Stamford, Connecticut. 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. Our funds own 46 current portfolio companies which have combined annual revenues of US$40 billion and employ in excess of 63,000 people. 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. AP WIP Investments, LLC - December 31 2019 and 2018 Audited Financial Statements. %PDF-1.5 TotalEnergies SE has no liability for their acts or omissions. [*8[28Agpn" By continuing to browse this site, you agree to this use. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. 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. 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. Andrew serves on the Board of Terminal Investment Limited. Japan is becoming more interesting all the time and we continue to increase our presence there. Our global team of experts offers wide specialisation, knowledge and experience. 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 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. Performance in our asset management business was very strong, resulting in total Distributable Earnings of $6.3 billion for the year. The global electricity make-up is currently 25% from renewable sources, and this is set to grow to 50% or more over the next 30 years. 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. Email:bip.enquiries@brookfield.com, Management Information Circular and Proxy, Evolving to offer the best of both worlds. Centered in the Northeast, the company is a third-generation, family-founded business with operations throughout the U.S. SDG Disclaimer - Includes the additional investment needed for countries that have not yet met the SDGs. Global Infrastructure Partners (GIP) is a leading global independent infrastructure fund manager. An emphasis on diversity and inclusion reinforces our culture of collaboration. 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. The fund became fully invested during 2012. Computershare Trust Company of Canada 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. Headquartered in New York, GIP operates out of 10 offices: New York, London, Stamford (Connecticut), Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore and Hong Kong. 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. 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. The scale of global infrastructure investment demand is enormous, and there is a growing need to replace and expand international infrastructure including all parts of the energy supply chain and a wide array of public services such as roads, railways, airports, and communications networks. He leads GIP's capital markets group, which is responsible for our portfolio company debt financing activities across commercial lending and capital markets. NEW YORK, Jan. 26, 2022 /PRNewswire/ -- Global Infrastructure Partners ("GIP . P.O. 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. endobj Our Strategy Portfolio 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. 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) 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 infrastructure sector sits at a collision point of global disruptions, including shifts in capital availability, evolving social and environmental priorities, and rapid urbanisation. Select a sector to view its investment forecasts. 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. The firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. North America:1-866-989-0311 We raised $71 billion of capital during the year. We are in the final stages of closing our $15 billion Brookfield Global Transition Fund I. We manage funds across four asset classes - infrastructure, debt investments, listed equities and private equity. Our asset management business is now one of the largest and fastest-growing scale alternative investment businesses globally. Cautionary NoteThis press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. Our funds own 46 current portfolio companies which have combined annual revenues of US$40 billion and employ in . Global Infrastructure Partners Venture Capital and Private Equity Principals . Toronto, ON This capital is the result of both the retention of profits and growth in asset values over the decades. 2023 PitchBook. 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. Global Infrastructure Partners A leading global, independent infrastructure fund manager. Don't have an account? Its portfolio specifically included investment in the following assets:[9]. CWEN.A). Global Infrastructure Partners (GIP) is an independent fund that invests in infrastructure assets worldwide. Learn more about some of the measures we are taking and the positive impact we have made. (781) 894-8800, Scott Solomon, SVP Technology is affecting all business, as it always has. Not the case? 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. This site uses cookies for analytics. [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. By providing your email address below, you are providing consent to Global Partners LP to send you the requested Investor Email Alert updates. 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. For many decades our sole focus has been on compounding shareholder capital. GLP@investorrelations.com. We are a premier global alternative asset manager with approximately $690 billion of assets under management. North America: 1-866-989-0311. 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. 2 0 obj GDP in every country recovered and the markets quit worrying about deflation or negative interest rates. All rights reserved. We focus on value creation and capital preservation, investing in high-quality assets and businesses within our areas of expertise. Please confirm you would like to remove this article from your saved articles. 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