global infrastructure partners annual report

We also have a number of industrial businesses. $53.4bn Assets under management 215 Global staff 240+ Institutional investors AUM as of December 2022, inclusive of subsequent committed capital. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. The firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. However, the emergence of COVID-19 introduces an altogether new set of challenges. More importantly, our franchise is stronger and more durable today than it has ever been. "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. Global Infrastructure Partners - 2023 All Rights Reserved. Our approach is focused on investing on a value basis. 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. We focus on value creation and capital preservation, investing in high-quality assets and businesses within our areas of expertise. GIP announced the sale of the asset in February 2016 for a significant multiple of its acquisition price. 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. We started in South Korea 10 years ago and have one of the strongest client rosters of any foreign manager in the country. All other figures as of February 2023. Computershare Trust Company of Canada It was a 50:50 joint venture between GIP and American International Group (AIG) to acquire London City Airport for an undisclosed sum. We own utilities, rail, ports, offices, hospitals, nursing homes, data centers, residential and industrial properties, and numerous industrial businesses. 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. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. 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. jBz? 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. GIP works in partnership with the public sector and other stakeholders to improve. For all Brookfield Infrastructure Corporation investor enquiries, please call our shareholder enquiries line: bip.enquiries@brookfield.com Technology is affecting all business, as it always has. 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. AP WIP Investments, LLC - December 31 2019 and 2018 Audited Financial Statements. NEW YORK, Jan. 26, 2022 /PRNewswire/ -- Global Infrastructure Partners ("GIP . In total as of 2018, its portfolio companies employ approximately 21,000 people. Furthermore, KKR has deployed $11 billion in infrastructure investment in the past 12 months. Twitter: @TotalEnergiesLinkedIn:TotalEnergiesFacebook: TotalEnergiesInstagram:TotalEnergiesTwitter: @TotalEnergiesPR, Investor Relations: +33 (0)1 47 44 46 46 l [emailprotected]. 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. In fact, by midyear the markets were worried about exactly the opposite! Prospectus Year Document Access ; 2007: 2007 Prospectus. Read our detailed forecasts and analysis in the 2022 Global Alternatives Reports, only on Preqin . Global Infrastructure Partners operates as an investment company. 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. Vice President Mergers & Acquisitions Bengaluru Area, India. . <> 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. Don't have an account? With money available and interest rates low, this is a very constructive environment for good businesses. Get limited access to our industry news, analysis and data, plus regular email updates. P.O. Our global equity funds continue the Firms tried and tested approach to investing in core and core-plus infrastructure opportunities. Total forecast infrastructure investment gaps. 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. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Choose a sector(s). Leveraging our operating experience, we invest in key sectors across renewable power & transition, infrastructure, private equity, real estate, and credit & insurance. Our operations are highly geared to the economic recovery. 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. Pure-play managers have been more in vogue across global markets because they are easier to value and have attracted higher multiples. Both committed approximately 9% of the US$5.64 billion of GIP I's committed capital. 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. Bob, Lucy and Andrew have made meaningful contributions to GIP's businesses and these well-deserved promotions are testaments to their leadership capabilities.". Box 7021 The firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. Andrew serves on the Board of Terminal Investment Limited. % 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. "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. 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. Centered in the Northeast, the company is a third-generation, family-founded business with operations throughout the U.S. Performance in our asset management business was very strong, resulting in total Distributable Earnings of $6.3 billion for the year. GLP@investorrelations.com. 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 . Acting General Counsel, Secretary and We have been both selling more mature industrial and life sciences properties, where excellent returns have been locked in, and are buying others. 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. The second type of opportunity focuses on providing capital to industrial companies to enable them to decarbonize their operations. 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. 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 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. We continue to grow our Asia Pacific business at a faster pace than any other region. GIP has 10 offices around the world with major hubs in New York, Stamford, London, Sydney, Hong Kong and Mumbai. This was an almost 50% increase compared with 2020, and all parts of our business contributed to the strong results. With assets under management at a record-high $582bn, private infrastructure is continuing to grow. That is the Transition. We raised $71 billion of capital during the year. GIP manages c. US $81 billion for its investors. About Global Infrastructure PartnersGIP is a leading independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. Please also choose a country and/or sector you want to analyse. 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. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. Global Infrastructure Partners Venture Capital and Private Equity Principals . 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. 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. 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. Our business today is vast, and we have earned strong returns on every investment. . Choose a region. A top-down econometric approach using panel data to draw inferences on infrastructure investment. It was updated in 2018 to 56 countries to include, at the time, the 10 African countries participating in the G20 Compact with Africa. The growth sectors of property have been industrial and life sciences real estate, given e-commerce tailwinds and the biotech revolution taking hold. This report outlines some of the current and future initiatives we are committed to addressing as part of our ESG strategy. 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. 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. 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. All in all, 2021 was a pretty good year. 617-542-5300 GLP@investorrelations.com We take a conservative approach to the use of leverage, ensuring that we can preserve capital across all business cycles. 2021 ESG Report. 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. This latest round of funds was not only larger, but was raised more quickly than expected. Our asset management business continues to establish itself as one of the pre-eminent brands globally. Vice President, Technology Operations & Projects. https://www.businesswire.com/news/home/20220228005904/en/, Gregory B. Hanson 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. To explore Global Infrastructure Partnerss full profile, request access. GIP's portfolio companies have combined annual revenues of c. US $61 billion and employ c. 99,000 people. However, a critical point in this is that everything does not have to become green todayin fact, not everything can be green today. And we take a long-term view in deploying capitalbut are ready to act decisively when the right opportunities emerge. North America:1-866-989-0311 The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. Headquartered in New York, GIP operates out of 10 offices: New York, London, Stamford (Connecticut), Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore and Hong Kong. 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. The data from this website is from analysis and modelling by Oxford Economics, who the Global Infrastructure Hub engaged to produce Global Infrastructure Outlook. 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. 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. Regional and global totals are estimated by scaling up results from the sample of 50 countries included in the study using GDP shares. This site uses cookies for analytics. At the end of 2021, TotalEnergies' gross renewable electricity generation capacity is more than 10 GW. We will soon close our $15 billion Global Transition Fund, which we launched a little more than a year ago. endobj We began operations in Beijing in January 2016 and have since grown to 106 approved members worldwide. 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. <>>> Choose a maximum of 3 countries. (Put into perspective, even eight rate hikes will bring the U.S. short rate only to around 2%.). 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. Two founding investors in its first fund, GIP I, were Credit Suisse and General Electric. 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 are disciplined in acquiring high-quality assets and businesses that we believe can deliver strong performance across market cycles. We generated a record $12.4 billion of total net incomecompared with $707 million in 2020. 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. 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. 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. This information is available in the PitchBook Platform. While most property fundamentals were largely unaffected as leases were in place and there were few bankruptcies this down-cycle, leasing and capital markets activities for virtually all assets ground to a halt for a period of time. 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. 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. Register now to read this article and more for free. 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/. 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. Our asset management operations had an excellent year. 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. In addition, our asset management business, started only 25 years ago, would not have been mature enough to consider separating it from our capital. Global Infrastructure Management LLC. As of December 2020, Global Infrastructure Partners had aggregate assets under management of approximately US$75 billion, such investments being concentrated in OECD countries. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. Our funds own 46 current portfolio companies which have combined annual revenues of US$40 billion and employ in . 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. Will soon close our $ 15 billion Global Transition fund, which we launched a little more than GW. 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