We started with an experienced fundraising team, and are now building solar projects and industrial logistics real estate. To be very clear, that excludes the equity capital that we have invested in our businesses, which today is around another $50 billion net (circa $30 per share). In 2021, we generated a record $12.4 billion of total net incomecompared with $707 million in 2020. Global Infrastructure Partners Venture Capital and Private Equity Principals . Our diversified real estate portfolio allowed us to reap the benefits of the continued reopening across most of our businesses. British Venture Capital Association (BRVCA), Indian Venture Capital Association (INVCA), Principles for Responsible Investment (PRI), Youre viewing 5 of 104 investments and acquisitions. The growth sectors of property have been industrial and life sciences real estate, given e-commerce tailwinds and the biotech revolution taking hold. 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. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global Infrastructure Partners (GIP) is a leading global independent infrastructure fund manager. The firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. Register now to read this article and more for free. Our initial business in Asia Pacific was in Australia, where today we have $30 billion of assets across our businesses. 2007 Annual Report. We are disciplined in acquiring high-quality assets and businesses that we believe can deliver strong performance across market cycles. It was a 50:50 joint venture between GIP and American International Group (AIG) to acquire London City Airport for an undisclosed sum. Brookfields investment activities are anchored by a set of core tenets that guide our decision-making and determine how we measure success: OF ASSORTED ASSETS IN CHINA SUCH AS WIND & SOLAR PROJECTS, OF SIGNATURE MIXED-USE SPACE IFC SEOUL, SOUTH KOREA, Evolving to offer the best of both worlds, Operate our business and conduct our relationships with integrity, Attract and retain high-caliber individuals who will grow with us over the long term, Ensure that our people think and act like owners in all their decisions, Treat our investor and shareholder capital like its our own, Embed strong ESG practices throughout our operations to help ensure that our business model is sustainable, Acquire high-quality assets and businesses, Invest on a value basis, with the goal of maximizing return on capital, Enhance the value of investments through our operating expertise, Build sustainable cash flows to provide certainty, reduce risk and lower our cost of capital, Evaluate total return on capital over the long term, Encourage calculated risks, measuring them against potential returns, Sacrifice short-term profit, if necessary, to achieve long-term capital appreciation, Seek profitability rather than growthsize does not necessarily add value. As a result, we embed these principles into all our activitiesincluding our investment processand conduct our business in a sustainable and ethical manner. With money available and interest rates low, this is a very constructive environment for good businesses. 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. This was an almost 50% increase compared with 2020, and all parts of our business contributed to the strong results. This shows both the power of the franchise and the interest from investors in achieving net zero globally. 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). You should only be asked to sign in once. Andrew Paulson joined GIP in 2018 with over 20 years of infrastructure financing experience. By providing your email address below, you are providing consent to Global Partners LP to send you the requested Investor Email Alert updates. Lucy Chadwick joined GIP in 2019 with over 30 years of transport industry and government experience. Our asset management business continues to establish itself as one of the pre-eminent brands globally. Prospectus Year Document Access ; 2007: 2007 Prospectus. 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. 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. 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 recognize that generating attractive returns often requires seeking out assets, businesses, markets and sectors that are out of favor or experiencing periods of distress. CONTACT INFORMATION. We generated a record $12.4 billion of total net incomecompared with $707 million in 2020. The tone of the real estate markets has improved dramatically since mid-2020. Our funds own 46 current portfolio companies which have combined annual revenues of US$40 billion and employ in . % On top of that, we crystalized a record $1.7 billion of carried interest in 2021. In fact, our business has grown faster and become more profitable because of the capital we have to support it. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. We raised $71 billion of capital during the year. We have been both selling more mature industrial and life sciences properties, where excellent returns have been locked in, and are buying others. GIP and TotalEnergies are well-positioned to support SunPower management's growth strategy. . Key deals include CyrusOne, a global developer and operator . 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. And despite some setbacks with a new variant appearing in December, these are passing as we write. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. Preqin forecasts show how different asset classes and markets will grow at different paces. GIP Credit targets energy, transport, digital, water/waste and other industries or projects with infrastructure-like characteristics. 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. We expect these opportunities to fit into three categories. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. GIP also manages several other Funds which focus on investments in infrastructure in other asset classes or target specific regions. Free global infrastructure project platform connecting public and private sectors. GIP works in partnership with the public sector and other stakeholders to improve. Vice President, Technology Operations & Projects. Please check your spam or junk folder just in case. And do not hesitate to contact any of us should you have suggestions, questions, comments or ideas you wish to share. Contact Information Website www.global-infra.com Year Founded 2006 Investor Status GIP manages approximately US$77 billion for its investors. All other figures as of February 2023. We began operations in Beijing in January 2016 and have since grown to 106 approved members worldwide. Our funds own 46 current portfolio companies which have combined annual revenues of US$40 billion and employ in excess of 63,000 people. More importantly, our franchise is stronger and more durable today than it has ever been. 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. Global: 1-416-363-9491. You can explore the implications of alternative GDP growth rates for infrastructure investment needs, and meeting the United Nations Sustainable Development Goals for universal access to electricity and water for investment need. We own utilities, rail, ports, offices, hospitals, nursing homes, data centers, residential and industrial properties, and numerous industrial businesses. 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. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. 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. 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. 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. Please confirm you would like to remove this article from your saved articles. Cautionary NoteThis press release, from which no legal consequences may be drawn, is for information purposes only. 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. Many of our long-standing shareholders appreciate the true value of our capital base and the benefits it brings to the broader franchise. Our Strategy Portfolio As we move into 2022, markets are strong, but recent volatility has brought some sanity back to areas of the markets that were overvalued. Select a country to view its investment forecasts. 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/. AP WIP Investments, LLC - December 31 2019 and 2018 Audited Financial Statements. In addition, these investors understand how and what we invest in, and have been comfortable with us making investment decisions with the capital. GLP@investorrelations.com. About Global Infrastructure PartnersEstablished in 2006, GIP is one of the world's leading specialist infrastructure investors. At Global Partners LP, we promise to treat your data with respect and will not share your information with any third party. 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. 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. Japan is becoming more interesting all the time and we continue to increase our presence there. 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. GIP's portfolio companies have combined annual revenues of c. US $61 billion and employ c. 99,000 people. 617-542-5300 GLP@investorrelations.com Global Partners LP CWEN.A). Click here. 2019. 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. If you experience any issues with this process, please contact us for further assistance. Our asset management business is now one of the largest and fastest-growing scale alternative investment businesses globally. A full explanation of the methodology can be found in both the 2017 report, and the 2018 report update. <> 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. 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