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. 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. GIP's Credit business manages over $4 billion across three Funds: GIP Capital Solutions I and GIP Capital Solutions II and GIP Spectrum. British Venture Capital Association (BRVCA), Indian Venture Capital Association (INVCA), Principles for Responsible Investment (PRI), Youre viewing 5 of 104 investments and acquisitions. Free global infrastructure project platform connecting public and private sectors. 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. Two founding investors in its first fund, GIP I, were Credit Suisse and General Electric. 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. Get limited access to our industry news, analysis and data, plus regular email updates. Chief Financial Officer Please check your spam or junk folder just in case. (Put into perspective, even eight rate hikes will bring the U.S. short rate only to around 2%.). Global Infrastructure Partners was established in May 2006. We started with an experienced fundraising team, and are now building solar projects and industrial logistics real estate. With money available and interest rates low, this is a very constructive environment for good businesses. A hard copy of the Partnerships complete audited financial statements also can be obtained free of charge by contacting the Global Partners Investor Relations department at (857) 383-2409 or emailing GLP@investorrelations.com. 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. For all Brookfield Infrastructure Corporation investor enquiries, please call our shareholder enquiries line: bip.enquiries@brookfield.com Likewise, the words "we", "us" and "our" may also be used to refer to subsidiaries in general or to those who work for them. Global Infrastructure Partners Venture Capital and Private Equity Principals . Done Clear countries A G20 INITIATIVE Forecasting infrastructure investment needs and gaps Compare forecasts globally, or across 56 countries & 7 sectors & 5 regions Start now Download full report Sectors Total across all selected sectors Energy 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. This information is available in the PitchBook Platform. The scale of global infrastructure investment demand is enormous, and there is a growing need to replace and expand international infrastructure including all parts of the energy supply chain and a wide array of public services such as roads, railways, airports, and communications networks. Global Infrastructure Partners - 2023 All Rights Reserved. They may prove to be inaccurate in the future and are subject to a number of risk factors. 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). As we move into 2022, markets are strong, but recent volatility has brought some sanity back to areas of the markets that were overvalued. We also have a number of industrial businesses. Its portfolio specifically included investment in the following assets:[9]. 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. North America:1-866-989-0311 In January 2019, Stonepeak realized its investment in Dominion. Pure-play managers have been more in vogue across global markets because they are easier to value and have attracted higher multiples. Headquartered in New York, GIP operates out of 10 offices: New York, London, Stamford (Connecticut), Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore and Hong Kong. Choose a region. The fund became fully invested during 2012. Box 7021 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. 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. In fact, our business has grown faster and become more profitable because of the capital we have to support it. 617-542-5300 GLP@investorrelations.com GIP and TotalEnergies are well-positioned to support SunPower management's growth strategy. It is therefore equally important to go where the emissions are and provide capital to convert a coal-based utility or a carbon-intensive industrial business. GIP's fourth equity Fund, GIP IV, completed fund raising in December 2019, raising $22 billion. But for new investors who do not know us as well, this can be more time-consuming to understand. We manage funds across four asset classes - infrastructure, debt investments, listed equities and private equity. This capital is the result of both the retention of profits and growth in asset values over the decades. 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. Global Infrastructure Partners A leading global, independent infrastructure fund manager. Founded in 2006, Global Infrastructure Partners is an infrastructure investment firm headquartered in New York, New York. Our latest annual report highlights our work in FY21 . Investor Enquiries. But our asset management business is now one of the largest and fastest-growing scale alternative investment businesses globally. For enquiries regarding share transfers, changes of address, dividend cheques and lost share certificates, please contact: Shareholder correspondence should be mailed to: Our asset management operations had an excellent year. At the end of 2021, TotalEnergies' gross renewable electricity generation capacity is more than 10 GW. Get the full list, Youre viewing 5 of 42 exits. The growth sectors of property have been industrial and life sciences real estate, given e-commerce tailwinds and the biotech revolution taking hold. 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. About Global Infrastructure PartnersEstablished in 2006, GIP is one of the world's leading specialist infrastructure investors. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. 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. stream Please also choose a country and/or region you want to analyse. 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. SDG Disclaimer - Includes the additional investment needed for countries that have not yet met the SDGs. Email:bip.enquiries@brookfield.com, Management Information Circular and Proxy, Evolving to offer the best of both worlds. We raised $71 billion of capital during the year. Not the case? Annual Report and Financial Statements For the Year Ended 31 October 2019. 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. Throughout our operations in more than 30 countries on five continents, we are committed to supporting and enhancing the communities in which we operate. Acting General Counsel, Secretary and 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. SunPower is the second largest residential solar company in the U.S., providing customers with fully integrated solar, storage, home energy and financing solutions. 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. While always careful, we believe that our early success can lead to much more. Our global team of experts offers wide specialisation, knowledge and experience. Further information can be found on GIP's website at www.global-infra.com. 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 . Global Partners LP 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 firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. Leveraging our operating experience, we invest in key sectors across renewable power & transition, infrastructure, private equity, real estate, and credit & insurance. 2021 ESG Report. 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. And despite some setbacks with a new variant appearing in December, these are passing as we write. <> Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. That is the Transition. "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. Only logged in subscribers of this site will be able to access the shared article. Our renewable power and infrastructure businesses have been resilient over the last two years, delivering consistent, steady growth. Register now to read this article and more for free. We focus on value creation and capital preservation, investing in high-quality assets and businesses within our areas of expertise. Global: 1-416-363-9491. Choose a maximum of 3 countries. 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. On top of that, we crystalized a record $1.7 billion of carried interest in 2021. %PDF-1.5 View source version on businesswire.com: 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. It is quite possible that one-third of our business could be in these markets one day. Select a sector to view its investment forecasts. The data from this website is from analysis and modelling by Oxford Economics, who the Global Infrastructure Hub engaged to produce Global Infrastructure Outlook. GIP has made two additional notable airport investments: the October 2009 acquisition of Gatwick Airport, the second largest airport in the United Kingdom by passenger traffic, for 1.5 billion from BAA[3][4] and the 2012 acquisition of Edinburgh Airport for 807 million.[5][6]. Please also choose a country and/or sector you want to analyse. To explore Global Infrastructure Partnerss full profile, request access. 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/. II Debt 30: The largest infra credit GPs raise over $139bn, Best Practice in Infrastructure Asset Management, Managing Risk in Infrastructure Investments, IRA tax credits will usher in a new wave of ESG, Infrastructure Investor Global Summit 2023. 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. 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. Lucy Chadwick joined GIP in 2019 with over 30 years of transport industry and government experience. 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. GDP in every country recovered and the markets quit worrying about deflation or negative interest rates. GIP announced the sale of the asset in February 2016 for a significant multiple of its acquisition price. It was updated in 2018 to 56 countries to include, at the time, the 10 African countries participating in the G20 Compact with Africa. 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. GIP also manages several other Funds which focus on investments in infrastructure in other asset classes or target specific regions. Bengaluru Area, India. 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. 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. Today, this portfolio could likely be sold for double our purchase price. Direct Dial:1-514-982-7555 "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. 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. The launch of Brookfield Reinsurance has been successful on many fronts. "I am delighted with this partnership with Global Infrastructure Partners, which is a major player in renewables, particularly in the United States. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol GLP. For additional information, visit www.globalp.com. We will soon close our $15 billion Global Transition Fund, which we launched a little more than a year ago. GIP employs approximately 150 investment and operational professionals and has offices in New York, London and Sydney, with operational headquarters in Stamford, Connecticut. 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. Clearway owns the fifth largest operating portfolio of non-regulated renewable assets in the U.S. (5.7 GW) and a 22 GW development pipeline and will represent TotalEnergies' largest investment in U.S. renewables to date. 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. 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. Global:1-416-363-9491. The companies in GIPs equity portfolios have combined annual revenues greater than $80 billion and employ approximately 100,000 people. 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. All other figures as of February 2023. We continue to grow our Asia Pacific business at a faster pace than any other region. Choose a sector(s). 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. About Global Infrastructure PartnersGIP is a leading independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. 2007 Annual Report. A verification email is on its way to you. 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. Many of our long-standing shareholders appreciate the true value of our capital base and the benefits it brings to the broader franchise. endobj 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. Global Infrastructure Management LLC. Our funds own 46 current portfolio companies which have combined annual revenues of US$40 billion and employ in . Bob serves on the Boards of Medallion Midstream LLC, Clearway Energy Group, and Saavi Energia. 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. It was a 50:50 joint venture between GIP and American International Group (AIG) to acquire London City Airport for an undisclosed sum. 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