global infrastructure partners annual report

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. GIP works in partnership with the public sector and other stakeholders to improve. Its portfolio consists of about a dozen companies, most of which are located in North America and the UK. Global Infrastructure Partners (GIP) is an independent fund that invests in infrastructure assets worldwide. GIP's Credit business manages over $4 billion across three Funds: GIP Capital Solutions I and GIP Capital Solutions II and GIP Spectrum. 2 0 obj from 8 AM - 9 PM ET. 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. This fund was raised fasterand is largerthan expected, and we have already started putting the capital to work to help companies decarbonize their operations. 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. Our asset management operations had an excellent year. Global Infrastructure Partners - 2023 All Rights Reserved. In addition, these investors understand how and what we invest in, and have been comfortable with us making investment decisions with the capital. Chief Financial Officer 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. Both committed approximately 9% of the US$5.64 billion of GIP I's committed capital. However, a critical point in this is that everything does not have to become green todayin fact, not everything can be green today. 2021 ESG Report. 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. On this Wikipedia the language links are at the top of the page across from the article title. This should help us achieve strong returns in the future. At GIP, making a positive contribution to the communities in which we operate is fundamental to our business and companies with which we work. 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. But our asset management business is now one of the largest and fastest-growing scale alternative investment businesses globally. Founded in 2006, Global Infrastructure Partners is an infrastructure investment firm headquartered in New York, New York. You should only be asked to sign in once. View our InfraCompass Resources for sustainable infrastructure 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. North America:1-866-989-0311 A top-down econometric approach using panel data to draw inferences on infrastructure investment. Our Strategy Portfolio Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. CONTACT INFORMATION. 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. We own utilities, rail, ports, offices, hospitals, nursing homes, data centers, residential and industrial properties, and numerous industrial businesses. Choose a maximum of 3 countries. 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. The firm's first investment was announced in October 2006. Global Infrastructure Management LLC. an 'investment need' forecast to demonstrate the investment that would occur if countries were to match the performance of their best performing peers, after controlling for differences in the characteristics of each country. Industries such as steel, cement, chemicals and others require both renewable generation to lower their carbon footprint and capital to decarbonize their production processes. Key deals include CyrusOne, a global developer and operator . GIP also manages several other Funds which focus on investments in infrastructure in other asset classes or target specific regions. We acquired a lot of real estate early in 2021 and are now successfully unlocking value through the monetization of select assets. They may prove to be inaccurate in the future and are subject to a number of risk factors. 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. 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. https://www.businesswire.com/news/home/20220228005904/en/, Gregory B. Hanson Our funds own 46 current portfolio companies which have combined annual revenues of US$40 billion and employ in excess of 63,000 people. We expect these opportunities to fit into three categories. Contact Information Website www.global-infra.com Year Founded 2006 Investor Status Founded in 2006, Global Infrastructure Partners is an infrastructure investment firm headquartered in New York, New York. 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). 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. (781) 894-8800, Sean T. Geary The firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. 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. This site uses cookies for analytics. For all Brookfield Infrastructure Corporation investor enquiries, please call our shareholder enquiries line: bip.enquiries@brookfield.com "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. Register now to read this article and more for free. As of the end of 2015, AUM stood at $7.23tn, rising to $13.32tn by the end of 2021 and we expect AUM growth to accelerate to 11.7% and reach $23tn in 2026. Bob serves on the Boards of Medallion Midstream LLC, Clearway Energy Group, and Saavi Energia. This transaction has further increased our presence in the country and opened up new adjacent opportunities. While always careful, we believe that our early success can lead to much more. The Company invests in the natural resources infrastructure, water distribution and . Pure-play managers have been more in vogue across global markets because they are easier to value and have attracted higher multiples. GDP in every country recovered and the markets quit worrying about deflation or negative interest rates. 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. Choose a sector(s). Global:1-416-363-9491. Bob, Lucy and Andrew have made meaningful contributions to GIP's businesses and these well-deserved promotions are testaments to their leadership capabilities.". Select a country to view its investment forecasts. Our asset management business is now one of the largest and fastest-growing scale alternative investment businesses globally. We continue to grow our Asia Pacific business at a faster pace than any other region. SunPower represents the first investment in distributed energy resources for GIP's leading renewables platform, which includes ownership interests in 18 GW of operating and construction assets and over 120 GW of development pipeline via 9 existing portfolio companies. We take a conservative approach to the use of leverage, ensuring that we can preserve capital across all business cycles. This gives us critical mass and the regulatory licenses to continue assisting our insurance clients in many ways. 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. We have only scratched the surface and believe that Japan will become a very meaningful investment market for us. Global Infrastructure Outlook - A G20 INITIATIVE 3 countries sectors and regions you want to analyse. "I am delighted with this partnership with Global Infrastructure Partners, which is a major player in renewables, particularly in the United States. M5C 3H2, Toll-Free:1-800-564-6253 In January 2019, Stonepeak realized its investment in Dominion. This capital is the result of both the retention of profits and growth in asset values over the decades. We pursue investment strategies on behalf of like-minded investors, focusing on delivering strong, consistent performance over the long term. 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 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 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 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. Select a sector to view its investment forecasts. SunPower is the second largest residential solar company in the U.S., providing customers with fully integrated solar, storage, home energy and financing solutions. $53.4bn Assets under management 215 Global staff 240+ Institutional investors AUM as of December 2022, inclusive of subsequent committed capital. TotalEnergies will acquire half of GIP's interest in Clearway Energy Group (Clearway), a privately held renewable development company that owns a controlling stake with a 42% economic interest in Clearway Energy, Inc. (NYSE: CWEN. We focus on value creation and capital preservation, investing in high-quality assets and businesses within our areas of expertise. Click here. We have some great partners in the country and are looking to raise RMB-denominated capital. Furthermore, KKR has deployed $11 billion in infrastructure investment in the past 12 months. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. It was updated in 2018 to 56 countries to include, at the time, the 10 African countries participating in the G20 Compact with Africa. We raised $71 billion of capital during the year. Oxford Economics has also relied on insights and knowledge developed from earlier research into infrastructure spending undertaken in conjunction with PwC. 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. 3 0 obj 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. For reference, $1 million invested 30 years ago in Brookfield Asset Management is worth $111 million today. In fact, our business has grown faster and become more profitable because of the capital we have to support it. The second type of opportunity focuses on providing capital to industrial companies to enable them to decarbonize their operations. 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. Please check your spam or junk folder just in case. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people. Leveraging our operating experience, we invest in key sectors across renewable power & transition, infrastructure, private equity, real estate, and credit & insurance. 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. Acting General Counsel, Secretary and Global Infrastructure Partners (GIP) is a leading global independent infrastructure fund manager. 2023 PitchBook. 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. We raised $71 billion of capital during the year. GIP has 10 offices around the world with major hubs in New York, Stamford, London, Sydney, Hong Kong and Mumbai. But every business does need to transition to a cleaner future. Please also choose a country and/or sector you want to analyse. The main goal of our investments is to assist and accelerate the transition to net zero. 2019. He leads GIP's capital markets group, which is responsible for our portfolio company debt financing activities across commercial lending and capital markets. What a difference a year can make. Our approach is focused on investing on a value basis. Lucy Chadwick joined GIP in 2019 with over 30 years of transport industry and government experience. TotalEnergies SE has no liability for their acts or omissions. 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. 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. 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. 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. North America: 1-866-989-0311. Choose a region. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Lucy serves on the Boards of NTV Italo and Naturgy Energy Group. 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. 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. 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. x\[S8~G{fUTB=m[53H lbzsd'(I|%;|r?q'wxy2|L$xp4e=es=YR}:q;OhKtnG1?E Global Infrastructure Partners operates as an investment company. 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. But Global . 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. Bob Callahan joined GIP in 2008, bringing with him over 20 years of operating experience at leading industrial companies. 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/. All of this drove very strong financial performance across our operations, underpinning the stable and growing distributions we receive. 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. Boston, MA 02116, 617-542-5300 But for new investors who do not know us as well, this can be more time-consuming to understand. It was a 50:50 joint venture between GIP and American International Group (AIG) to acquire London City Airport for an undisclosed sum. Likewise, the words "we", "us" and "our" may also be used to refer to subsidiaries in general or to those who work for them. More importantly, our franchise is stronger and more durable today than it has ever been. 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. For enquiries regarding share transfers, changes of address, dividend cheques and lost share certificates, please contact: Shareholder correspondence should be mailed to: Don't have an account? Our global team of experts offers wide specialisation, knowledge and experience. Throughout our operations in more than 30 countries on five continents, we are committed to supporting and enhancing the communities in which we operate. Since joining GIP, he has helped arrange approximately $100 billion of financings for our portfolio companies. Twitter: @TotalEnergiesLinkedIn:TotalEnergiesFacebook: TotalEnergiesInstagram:TotalEnergiesTwitter: @TotalEnergiesPR, Investor Relations: +33 (0)1 47 44 46 46 l [emailprotected]. EmergentCold LatAm Global Infrastructure Partners (GIP) is an independent fund that invests in infrastructure assets worldwide. Andrew serves on the Board of Terminal Investment Limited. Dominion Midstream Partners LP (NYSE: DM) is a master limited partnership formed by the investment-grade utility Dominion Resources Inc. to grow a portfolio of natural gas terminaling, processing, storage, transportation, and related assets. 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. Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments.
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