global infrastructure partners annual report

Today, with 40 million square feet of IT office park real estate, 150,000 telecom towers, toll roads, pipelines, solar and wind facilities, and an IT outsourcing business, we are a brand name in alternative investments. 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). "I am delighted with this partnership with Global Infrastructure Partners, which is a major player in renewables, particularly in the United States. The below represents a total dollar gain of $2.0 billion for all of our constituents, or a 47% annualized gain on a gross asset basis over the year (equity returns are far higher). GIP has 10 offices around the world with major hubs in New York, Stamford, London, Sydney, Hong Kong and Mumbai. Global Infrastructure Partners (GIP) is an independent fund that invests in infrastructure assets worldwide. 4`0v P2*Qo In fact, our business has grown faster and become more profitable because of the capital we have to support it. Jan 2011 - Jun 20165 years 6 months. 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 all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: bip.enquiries@brookfield.com North America: 1-866-989-0311 Global: 1-416-363-9491. . North America:1-866-989-0311 Win whats next. We have been both selling more mature industrial and life sciences properties, where excellent returns have been locked in, and are buying others. At Global Partners LP, we promise to treat your data with respect and will not share your information with any third party. In addition, these investors understand how and what we invest in, and have been comfortable with us making investment decisions with the capital. Get the full list, Youre viewing 5 of 144 team members. This gives us critical mass and the regulatory licenses to continue assisting our insurance clients in many ways. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. endobj Register now to read this article and more for free. %PDF-1.5 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. 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. Technology is affecting all business, as it always has. We then manage these assets and businesses proactively and finance them conservativelywith the goal of generating stable, predictable and growing cash flows for our investors. 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. GIP and ACTIS ANNOUNCE ACQUISITION OF ATLAS RENEWABLE ENERGY BY GIP, Skyborn Renewables Launches as a Leading Company in Global Wind Power. Both committed approximately 9% of the US$5.64 billion of GIP I's committed capital. After submitting your request, you will receive an activation email to the requested email address. The growth sectors of property have been industrial and life sciences real estate, given e-commerce tailwinds and the biotech revolution taking hold. For all Brookfield Infrastructure Corporation investor enquiries, please call our shareholder enquiries line: bip.enquiries@brookfield.com 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. You should only be asked to sign in once. 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. (Put into perspective, even eight rate hikes will bring the U.S. short rate only to around 2%.). Global Infrastructure Partners (GIP) is a leading global independent infrastructure fund manager. 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). Sharon Merrill Associates, Inc. Lucy serves on the Boards of NTV Italo and Naturgy Energy Group. Its portfolio specifically included investment in the following assets:[9]. SunPower is the second largest residential solar company in the U.S., providing customers with fully integrated solar, storage, home energy and financing solutions. Global Infrastructure Partners (GIP) is a leading global independent infrastructure fund manager. Our latest annual report highlights our work in FY21 . The third type is working with electricity generators, where we will help provide the capital to enable them to shift from coal to gas, and from gas to renewables. 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. Further information can be found on GIP's website at www.global-infra.com. It is quite possible that one-third of our business could be in these markets one day. GIP employs approximately 150 investment and operational professionals and has offices in New York, London and Sydney, with operational headquarters in Stamford, Connecticut. 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. And we take a long-term view in deploying capitalbut are ready to act decisively when the right opportunities emerge. Only logged in subscribers of this site will be able to access the shared article. . 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. Our renewable power and infrastructure businesses have been resilient over the last two years, delivering consistent, steady growth. We began operations in Beijing in January 2016 and have since grown to 106 approved members worldwide. 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) Today, this portfolio could likely be sold for double our purchase price. Please also choose a country and/or region you want to analyse. Investor Enquiries. 2019. Global Infrastructure Outlook was first released in July covering 50 major countries around the world. 2021 ESG Report. And despite some setbacks with a new variant appearing in December, these are passing as we write. GIP manages c. US $81 billion for its investors. Box 7021 In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Leveraging our operating experience, we invest in key sectors across renewable power & transition, infrastructure, private equity, real estate, and credit & insurance. 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. For all Brookfield Infrastructure Corporation investor enquiries, please call our shareholder enquiries line: bip.enquiries@brookfield.com. $53.4bn Assets under management 215 Global staff 240+ Institutional investors AUM as of December 2022, inclusive of subsequent committed capital. Acting General Counsel, Secretary and Our disciplined, well-established approach to investing reflects our over 100-year history as an owner and operator. We intend to invest significant capital in these opportunities and bring our operating capabilities to bear, but always where we can be part of the solution, not part of the problem. We expect these opportunities to fit into three categories. Chief Financial Officer The infrastructure sector sits at a collision point of global disruptions, including shifts in capital availability, evolving social and environmental priorities, and rapid urbanisation. 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. The main goal of our investments is to assist and accelerate the transition to net zero. 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. But every business does need to transition to a cleaner future. As of December 2020, Global Infrastructure Partners had aggregate assets under management of approximately US$75 billion, such investments being concentrated in OECD countries. We manage funds across four asset classes - infrastructure, debt investments, listed equities and private equity. 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. 31 Adelaide St. E Our funds own 46 current portfolio companies which have combined annual revenues of US$40 billion and employ in . 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. You must click the activation link in order to complete your subscription. x\[S8~G{fUTB=m[53H lbzsd'(I|%;|r?q'wxy2|L$xp4e=es=YR}:q;OhKtnG1?E Andrew Paulson joined GIP in 2018 with over 20 years of infrastructure financing experience. Direct Dial:1-514-982-7555 Global Partners LP Global Infrastructure Partners Venture Capital and Private Equity Principals . Click here. 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. We have completed numerous real estate transactions, including our extremely successful acquisition and turnaround of IFC Seoul, a 5.5 million square foot signature mixed-use complex. Global: 1-416-363-9491. All of this drove very strong financial performance across our operations, underpinning the stable and growing distributions we receive. The tone of the real estate markets has improved dramatically since mid-2020. 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 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. Our diversified real estate portfolio allowed us to reap the benefits of the continued reopening across most of our businesses. We offer core, core-plus, value-add, opportunistic/growth equity and credit strategies through closed-end and perpetual vehicles in both the public and private markets. We raised $71 billion of capital during the year. 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. Our business today is vast, and we have earned strong returns on every investment. All rights reserved. This site uses cookies for analytics. 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. Preqin forecasts show how different asset classes and markets will grow at different paces. (Shair and Partners) Infrastructure Engineering, Building Engineering and Architecture in the Middle East and Africa . The launch of Brookfield Reinsurance has been successful on many fronts. Our global equity funds continue the Firms tried and tested approach to investing in core and core-plus infrastructure opportunities. % Furthermore, KKR has deployed $11 billion in infrastructure investment in the past 12 months. www.computershare.com/investor, Managing Partner, Strategic Initiatives 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. You can sign up for additional alert options at any time. Please always remember that compounding reasonable returns over long periods of time is an incredible miracle of finance. 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. Many of our long-standing shareholders appreciate the true value of our capital base and the benefits it brings to the broader franchise. 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. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. 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. This transaction has further increased our presence in the country and opened up new adjacent opportunities. GIP's Credit business manages over $4 billion across three Funds: GIP Capital Solutions I and GIP Capital Solutions II and GIP Spectrum. We are in the final stages of closing our $15 billion Brookfield Global Transition Fund I. 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 . 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. 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. By providing your email address below, you are providing consent to Global Partners LP to send you the requested Investor Email Alert updates. 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. CWEN.A). This investment cycle is just getting started, and we see a meaningful opportunity for investment in the years to come. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. We are disciplined in acquiring high-quality assets and businesses that we believe can deliver strong performance across market cycles. At GIP, making a positive contribution to the communities in which we operate is fundamental to our business and companies with which we work. GIP works in partnership with the public sector and other stakeholders to improve infrastructure for the community by drawing on its global capability and applying industrial best practice to enhance operating efficiency. We continue to grow our Asia Pacific business at a faster pace than any other region. P.O. Since joining GIP, he has helped arrange approximately $100 billion of financings for our portfolio companies. This fund was raised fasterand is largerthan expected, and we have already started putting the capital to work to help companies decarbonize their operations. 3 0 obj In total as of 2018, its portfolio companies employ approximately 21,000 people. Our initial business in Asia Pacific was in Australia, where today we have $30 billion of assets across our businesses.

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