We held a final close for our growth equity fund for over $500 million and expect to launch the next vintage in the first half of 2022. 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. 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. [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. 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. Our operations are highly geared to the economic recovery. Not the case? We started with an experienced fundraising team, and are now building solar projects and industrial logistics real estate. This transaction has further increased our presence in the country and opened up new adjacent opportunities. 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. It didnt always feel that way, but according to the data, it was. In addition, these investors understand how and what we invest in, and have been comfortable with us making investment decisions with the capital. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol GLP. For additional information, visit www.globalp.com. 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. Our diversified real estate portfolio allowed us to reap the benefits of the continued reopening across most of our businesses. GDP in every country recovered and the markets quit worrying about deflation or negative interest rates. Click here. 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. You should only be asked to sign in once. For reference, $1 million invested 30 years ago in Brookfield Asset Management is worth $111 million today. In 2021, we generated a record $12.4 billion of total net incomecompared with $707 million in 2020. With money available and interest rates low, this is a very constructive environment for good businesses. 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. All other figures as of February 2023. You must click the activation link in order to complete your subscription. All in all, 2021 was a pretty good year. 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. A top-down econometric approach using panel data to draw inferences on infrastructure investment. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. (Put into perspective, even eight rate hikes will bring the U.S. short rate only to around 2%.). Choose a region. In January 2019, Stonepeak realized its investment in Dominion. All combined, we have seen significant growth in our asset management earnings, with fee-related earnings growing by 33% in 2021, and we expect to see another step change in 2022. Direct Dial:1-514-982-7555 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. Lucy serves on the Boards of NTV Italo and Naturgy Energy Group. For all Brookfield Infrastructure Corporation investor enquiries, please call our shareholder enquiries line: bip.enquiries@brookfield.com GIP's Credit business manages over $4 billion across three Funds: GIP Capital Solutions I and GIP Capital Solutions II and GIP Spectrum. 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. 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. We are a premier global alternative asset manager with approximately $690 billion of assets under management. Global Infrastructure Partners (GIP) is an independent fund that invests in infrastructure assets worldwide. Of course, this is in part because it is coming off a smaller base, but also because our operations there continue to build on their successes. Cautionary NoteThis press release, from which no legal consequences may be drawn, is for information purposes only. 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. AP WIP Investments, LLC - December 31 2019 and 2018 Audited Financial Statements. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. With the closing of the American National deal expected before the end of the second quarter, our insurance operations will now be heading towards $50 billion of assets. Select a region to view its investment forecasts. [*8[28Agpn" We manage funds across four asset classes - infrastructure, debt investments, listed equities and private equity. 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. The terms "Company" or "TotalEnergies company" refer collectively to the company TotalEnergies SE and the companies it controls directly or indirectly. 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. 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. The funds and investment platforms managed by GIP make equity and debt investments in infrastructure assets and businesses in both OECD and selected emerging market countries, targeting investments in the energy, transport, water / waste and digital infrastructure sectors where GIP possesses deep experience and relationships. Global Infrastructure Partners (GIP) is a leading global independent infrastructure fund manager. 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 invest our own capital alongside our investors in virtually every transaction, aligning interests and leveraging our deep operational expertise, global reach and access to large-scale capital. Our asset management business continues to establish itself as one of the pre-eminent brands globally. We expect these opportunities to fit into three categories. The firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. Read our detailed forecasts and analysis in the 2022 Global Alternatives Reports, only on Preqin . TotalEnergies SE has no liability for their acts or omissions. 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. GLP@investorrelations.com. You may also choose the sectors and regions you want to analyse. At the end of 2021, TotalEnergies' gross renewable electricity generation capacity is more than 10 GW. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. 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. The firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. Chief Financial Officer <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 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. The 2020 Preqin Global Infrastructure Report is the industry's most complete and in-depth annual review. (a) partner with low- and middle-income countries to finance infrastructure across key sectors that advances the four key priorities critical to sustainable, inclusive growth: climate and energy. 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. Furthermore, KKR has deployed $11 billion in infrastructure investment in the past 12 months. Both committed approximately 9% of the US$5.64 billion of GIP I's committed capital. That is the Transition. A link has been emailed to you - check your inbox. Get the full list, Morningstar Institutional Equity Research, Co-Founding Partner, Chairman & Chief Executive Officer, Partner, President & Chief Operating Officer, Managing Director & Chief Financial Officer. 2021 ESG Report. CWEN.A). Computershare Trust Company of Canada 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). 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. Global Infrastructure Partners (GIP) is a leading global independent infrastructure fund manager. Bob, Lucy and Andrew have made meaningful contributions to GIP's businesses and these well-deserved promotions are testaments to their leadership capabilities.". The launch of Brookfield Reinsurance has been successful on many fronts. 2019. The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrowinfrastructure with sustainability at its core. Only logged in subscribers of this site will be able to access the shared article. 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. 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. 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. Global: 1-416-363-9491. Bob serves on the Boards of Medallion Midstream LLC, Clearway Energy Group, and Saavi Energia. GIP manages approximately US$77 billion for its investors. M5C 3H2, Toll-Free:1-800-564-6253 We are disciplined in acquiring high-quality assets and businesses that we believe can deliver strong performance across market cycles. We raised $71 billion of capital during the year. Our business today is vast, and we have earned strong returns on every investment. 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. We recognize that generating attractive returns often requires seeking out assets, businesses, markets and sectors that are out of favor or experiencing periods of distress. https://www.businesswire.com/news/home/20220228005904/en/, Gregory B. Hanson 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. 2023 PitchBook. He leads GIP's capital markets group, which is responsible for our portfolio company debt financing activities across commercial lending and capital markets. Key deals include CyrusOne, a global developer and operator . About Global Infrastructure PartnersEstablished in 2006, GIP is one of the world's leading specialist infrastructure investors. And we take a long-term view in deploying capitalbut are ready to act decisively when the right opportunities emerge. What a difference a year can make. . 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). View our InfraCompass Resources for sustainable infrastructure GIP and ACTIS ANNOUNCE ACQUISITION OF ATLAS RENEWABLE ENERGY BY GIP, Skyborn Renewables Launches as a Leading Company in Global Wind Power. Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. GIP's portfolio companies have combined annual revenues of c. US $61 billion and employ c. 99,000 people. 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. This site uses cookies for analytics. At Global Partners LP, we promise to treat your data with respect and will not share your information with any third party. Our funds own 46 current portfolio companies which have combined annual revenues of US$40 billion and employ in . In fact, our business has grown faster and become more profitable because of the capital we have to support it. Register now to read this article and more for free. Pure-play managers have been more in vogue across global markets because they are easier to value and have attracted higher multiples. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. It was updated in 2018 to 56 countries to include, at the time, the 10 African countries participating in the G20 Compact with Africa. All of this drove very strong financial performance across our operations, underpinning the stable and growing distributions we receive. 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. In an inflationary environment, backbone real assets, private credit and transition-focused investments are where you want to be invested. 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/. Centered in the Northeast, the company is a third-generation, family-founded business with operations throughout the U.S. . Global Infrastructure Outlook allows you to explore the annual infrastructure trends, needs and gaps up to 2040 for 7 sectors, 56 countries, 5 regions and the world total. British Venture Capital Association (BRVCA), Indian Venture Capital Association (INVCA), Principles for Responsible Investment (PRI), Youre viewing 5 of 104 investments and acquisitions. 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. Global Infrastructure Partners - 2023 All Rights Reserved. <>>> An emphasis on diversity and inclusion reinforces our culture of collaboration. 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. 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. This gives us critical mass and the regulatory licenses to continue assisting our insurance clients in many ways. 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. And do not hesitate to contact any of us should you have suggestions, questions, comments or ideas you wish to share. GIP and TotalEnergies are well-positioned to support SunPower management's growth strategy. 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. Select a country to view its investment forecasts. TotalEnergies and renewable electricityAs part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity. As a result, this should become a very large business for us. % 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. 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. 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. Our disciplined, well-established approach to investing reflects our over 100-year history as an owner and operator. (781) 894-8800, Sean T. Geary 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. 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. Industries such as steel, cement, chemicals and others require both renewable generation to lower their carbon footprint and capital to decarbonize their production processes. 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 Hub | 15,500 followers on LinkedIn. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Andrew Paulson joined GIP in 2018 with over 20 years of infrastructure financing experience. Global Partners LP Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. NEW YORK, Jan. 26, 2022 /PRNewswire/ -- Global Infrastructure Partners ("GIP . North America:1-866-989-0311 GIP works in partnership with the public sector and other stakeholders to improve. Since joining GIP, he has helped arrange approximately $100 billion of financings for our portfolio companies. The firm's first investment was announced in October 2006. A full explanation of the methodology can be found in both the 2017 report, and the 2018 report update. Estate portfolio allowed us to reap the benefits of the methodology can be found in both the 2017,! 'S first investment was announced in October 2006 business for us from which no legal may... Been emailed to you - check your inbox GIP works in partnership with public. We are a premier global Alternative Asset manager with approximately $ 100 billion of financings for our portfolio debt! To reap the benefits of the world 's leading specialist infrastructure investors long-term in... 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