617-542-5300 GLP@investorrelations.com GIP's Credit business manages over $4 billion across three Funds: GIP Capital Solutions I and GIP Capital Solutions II and GIP Spectrum. 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. WALTHAM, Mass.--(BUSINESS WIRE)-- But every business does need to transition to a cleaner future. All other figures as of February 2023. This latest round of funds was not only larger, but was raised more quickly than expected. 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. Please always remember that compounding reasonable returns over long periods of time is an incredible miracle of finance. Our asset management business is now one of the largest and fastest-growing scale alternative investment businesses globally. endobj With an extensive network of terminals, gas stations and retail stations, Global Partners helps people heat their homes, operate their businesses and get where theyre going conveniently and quickly. For enquiries regarding share transfers, changes of address, dividend cheques and lost share certificates, please contact: Shareholder correspondence should be mailed to: Such terms are used solely for the sake of convenience for purposes of the present communication. We manage funds across four asset classes - infrastructure, debt investments, listed equities and private equity. 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. Bob Callahan joined GIP in 2008, bringing with him over 20 years of operating experience at leading industrial companies. British Venture Capital Association (BRVCA), Indian Venture Capital Association (INVCA), Principles for Responsible Investment (PRI), Youre viewing 5 of 104 investments and acquisitions. We began operations in Beijing in January 2016 and have since grown to 106 approved members worldwide. With approximately 1,700 locations primarily in the Northeast, Global Partners is one of the regions largest independent owners, suppliers and operators of gasoline stations and convenience stores. On this Wikipedia the language links are at the top of the page across from the article title. All of this drove very strong financial performance across our operations, underpinning the stable and growing distributions we receive. Global Partners LP Two founding investors in its first fund, GIP I, were Credit Suisse and General Electric. Global Infrastructure Partners' first fund, GIP I, completed its fund raising in May 2008 with $5.64 billion in investor capital commitments. A full explanation of the methodology can be found in both the 2017 report, and the 2018 report update. We recently created a partnership with Sequoia Capital China to invest in new economy infrastructure. A link has been emailed to you - check your inbox. 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. Click here. Choose a maximum of 3 countries. On top of that, we crystalized a record $1.7 billion of carried interest in 2021. It was updated in 2018 to 56 countries to include, at the time, the 10 African countries participating in the G20 Compact with Africa. Our funds own 46 current portfolio companies which have combined annual revenues of US$40 billion and employ in excess of 63,000 people. 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. 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. Boston, MA 02116, 617-542-5300 Learn more about some of the measures we are taking and the positive impact we have made. Bob, Lucy and Andrew have made meaningful contributions to GIP's businesses and these well-deserved promotions are testaments to their leadership capabilities.". Both committed approximately 9% of the US$5.64 billion of GIP I's committed capital. Cision Distribution 888-776-0942 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 latest annual report highlights our work in FY21 . GIP and ACTIS ANNOUNCE ACQUISITION OF ATLAS RENEWABLE ENERGY BY GIP, Skyborn Renewables Launches as a Leading Company in Global Wind Power. 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. Global: 1-416-363-9491. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. Get limited access to our industry news, analysis and data, plus regular email updates. 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. All rights reserved. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. Since 2018, the GI Hub has transformed from a start-up entity to a small, strong, and nimble organisation that is a central source of knowledge on leading practice, innovation, and market trends for the infrastructure community as well as being a respected G20 advisor and participant. 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 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. 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. 2007 Annual Report. GDP in every country recovered and the markets quit worrying about deflation or negative interest rates. The primary objective of the company continues to be to generate increasing cash flows on a per-share basis, and as a result, higher intrinsic value per share over the longer term. We acquired a lot of real estate early in 2021 and are now successfully unlocking value through the monetization of select assets. Our asset management operations had an excellent year. 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. We have some great partners in the country and are looking to raise RMB-denominated capital. 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. This investment cycle is just getting started, and we see a meaningful opportunity for investment in the years to come. 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. Distributable earnings for the full year were a record $6.3 billion. 31 Adelaide St. E Lucy Chadwick joined GIP in 2019 with over 30 years of transport industry and government experience. The firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. View source version on businesswire.com: Our operations are highly geared to the economic recovery. Our initial business in Asia Pacific was in Australia, where today we have $30 billion of assets across our businesses. Direct Dial:1-514-982-7555 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). In undertaking this work Oxford Economics drew on information provided by third parties, upon which Oxford Economics has relied on in good faith. The terms "Company" or "TotalEnergies company" refer collectively to the company TotalEnergies SE and the companies it controls directly or indirectly. Andrew serves on the Board of Terminal Investment Limited. 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. The growth sectors of property have been industrial and life sciences real estate, given e-commerce tailwinds and the biotech revolution taking hold. % We will soon close our $15 billion Global Transition Fund, which we launched a little more than a year ago. It fits perfectly with our strategy to make solar and wind energy one of our main growth drivers along with liquefied natural gas that we have recently reinforced with the launch of Cameron extension. This site uses cookies for analytics. But for new investors who do not know us as well, this can be more time-consuming to understand. Bob serves on the Boards of Medallion Midstream LLC, Clearway Energy Group, and Saavi Energia. 2021 ESG Report. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. Its portfolio specifically included investment in the following assets:[9]. P.O. 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. Headquartered in New York, GIP operates out of 10 offices: New York, London, Stamford (Connecticut), Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore and Hong Kong. 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. Its growth path on its own is very compelling, as many of our strategies are still getting larger with each vintage and are compounding on each other. And despite some setbacks with a new variant appearing in December, these are passing as we write. This transaction has further increased our presence in the country and opened up new adjacent opportunities. 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/. 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. The investment required to accomplish this is in the tens of trillions of dollars. 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. Our Strategy Portfolio (781) 894-8800, Sean T. Geary Global Infrastructure Partners Venture Capital and Private Equity Principals . Select a region to view its investment forecasts. Prospectus Year Document Access ; 2007: 2007 Prospectus. This fund was raised fasterand is largerthan expected, and we have already started putting the capital to work to help companies decarbonize their operations. For reference, $1 million invested 30 years ago in Brookfield Asset Management is worth $111 million today. 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 is a profile preview from the PitchBook Platform. 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. 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 . M5C 3H2, Toll-Free:1-800-564-6253 The firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. Technology is affecting all business, as it always has. The fund became fully invested during 2012. (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. The first is our traditional new-build renewables business. 4 0 obj 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. Chief Financial Officer Furthermore, KKR has deployed $11 billion in infrastructure investment in the past 12 months. You should only be asked to sign in once. "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. The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrowinfrastructure with sustainability at its core. Pure-play managers have been more in vogue across global markets because they are easier to value and have attracted higher multiples. 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