Distributable earnings for the full year were a record $6.3 billion. However, a critical point in this is that everything does not have to become green todayin fact, not everything can be green today. Many of our long-standing shareholders appreciate the true value of our capital base and the benefits it brings to the broader franchise. Since then, he has been a key member of our Business Improvements Team and has led process improvement efforts and capital efficiency programs at several of GIP's portfolio companies. He leads GIP's capital markets group, which is responsible for our portfolio company debt financing activities across commercial lending and capital markets. 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. Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. 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. Jan 2011 - Jun 20165 years 6 months. 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. jBz? Leveraging our operating experience, we invest in key sectors across renewable power & transition, infrastructure, private equity, real estate, and credit & insurance. Learn more about the launch of our publicly listed pure-play Alternative Asset 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). 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. If we can close the gap between share price and intrinsic value, a current stock owner will out-earn the underlying performance of the business. Please check your spam or junk folder just in case. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. Global Partners LP Select a region to view its investment forecasts. While always careful, we believe that our early success can lead to much more. Industries such as steel, cement, chemicals and others require both renewable generation to lower their carbon footprint and capital to decarbonize their production processes. 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. It was updated in 2018 to 56 countries to include, at the time, the 10 African countries participating in the G20 Compact with Africa. Its portfolio consists of about a dozen companies, most of which are located in North America and the UK. This major transaction demonstrates the speed and magnitude of our transformation into a multi-energy company and the strength of our commitment to the United States. GDP in every country recovered and the markets quit worrying about deflation or negative interest rates. 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. In an inflationary environment, backbone real assets, private credit and transition-focused investments are where you want to be invested. Don't have an account? Computershare Trust Company of Canada Get limited access to our industry news, analysis and data, plus regular email updates. That is the Transition. 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. 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. Andrew Paulson joined GIP in 2018 with over 20 years of infrastructure financing experience. We own utilities, rail, ports, offices, hospitals, nursing homes, data centers, residential and industrial properties, and numerous industrial businesses. It was a 50:50 joint venture between GIP and American International Group (AIG) to acquire London City Airport for an undisclosed sum. 501 Boylston Street, 10th Floor By continuing to browse this site, you agree to this use. 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. The second type of opportunity focuses on providing capital to industrial companies to enable them to decarbonize their operations. This shows both the power of the franchise and the interest from investors in achieving net zero globally. 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. 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. 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. We are a premier global alternative asset manager with approximately $690 billion of assets under management. Register now to read this article and more for free. Prospectus Year Document Access ; 2007: 2007 Prospectus. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 4`0v P2*Qo GIP and ACTIS ANNOUNCE ACQUISITION OF ATLAS RENEWABLE ENERGY BY GIP, Skyborn Renewables Launches as a Leading Company in Global Wind Power. And we take a long-term view in deploying capitalbut are ready to act decisively when the right opportunities emerge. 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. We have some great partners in the country and are looking to raise RMB-denominated capital. But every business does need to transition to a cleaner future. As we move into 2022, markets are strong, but recent volatility has brought some sanity back to areas of the markets that were overvalued. Technology is affecting all business, as it always has. At Global Partners LP, we promise to treat your data with respect and will not share your information with any third party. 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 . "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. About Global Infrastructure PartnersGIP is a leading independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. In India, our 14 years have taught us that if youre careful and patient, you can do extremely well. 4 0 obj We are focused on funding the transitionacross all 50 shades of green; those that are currently black, brown, dark green, olive, light green and all other shades of greenfrom coal generation all the way to solar generation. An emphasis on diversity and inclusion reinforces our culture of collaboration. 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. For enquiries . 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. (Put into perspective, even eight rate hikes will bring the U.S. short rate only to around 2%.). We started in South Korea 10 years ago and have one of the strongest client rosters of any foreign manager in the country. 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. This should help us achieve strong returns in the future. <> 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. "I am delighted with this partnership with Global Infrastructure Partners, which is a major player in renewables, particularly in the United States. Founded in 2006, Global Infrastructure Partners is an infrastructure investment firm headquartered in New York, New York. Andrew serves on the Board of Terminal Investment Limited. View our InfraCompass Resources for sustainable infrastructure 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. 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. 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. Global Infrastructure Partners (GIP) is a leading global independent infrastructure fund manager. SDG Disclaimer - Includes the additional investment needed for countries that have not yet met the SDGs. endobj In 2021, we generated a record $12.4 billion of total net incomecompared with $707 million in 2020. GIP employs approximately 150 investment and operational professionals and has offices in New York, London and Sydney, with operational headquarters in Stamford, Connecticut. GIP targets investments in the energy, transport, digital infrastructure, and water/waste sectors in both OECD and select emerging market countries. Performance in our asset management business was very strong, resulting in total Distributable Earnings of $6.3 billion for the year. Toronto, ON 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. 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. 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. 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 are in the final stages of closing our $15 billion Brookfield Global Transition Fund I. Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. In addition, these investors understand how and what we invest in, and have been comfortable with us making investment decisions with the capital. CONTACT INFORMATION. We manage funds across four asset classes - infrastructure, debt investments, listed equities and private equity. Global Infrastructure Partners - 2023 All Rights Reserved. Select a sector to view its investment forecasts. Headquartered in New York, GIP operates out of 10 offices: New York, London, Stamford (Connecticut), Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore and Hong Kong. This capital is the result of both the retention of profits and growth in asset values over the decades. 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. 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. At GIP, making a positive contribution to the communities in which we operate is fundamental to our business and companies with which we work. British Venture Capital Association (BRVCA), Indian Venture Capital Association (INVCA), Principles for Responsible Investment (PRI), Youre viewing 5 of 104 investments and acquisitions. 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. 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. $53.4bn Assets under management 215 Global staff 240+ Institutional investors AUM as of December 2022, inclusive of subsequent committed capital. Our real estate secondaries strategy has raised $2 billion of capital, and we are now in the midst of raising our first commingled 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. Bob Callahan joined GIP in 2008, bringing with him over 20 years of operating experience at leading industrial companies. <> We specialize in infrastructure and real assets, investing capital on behalf of pension funds, endowments and other large institutions from around the world. Every country recovered and the interest from investors in achieving net zero globally and investments... Inclusion reinforces our culture of collaboration recovered and the UK to raise RMB-denominated capital 2008, bringing him! To read this article and more for free of about a dozen companies, most of are. Transition-Focused investments are where you want to be invested the additional investment needed for that. Them to decarbonize their operations with respect and will not share your information with third. It was a 50:50 joint venture between GIP and American International group AIG. About global infrastructure Partners ( GIP ) is a leading global independent infrastructure manager. 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