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. 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. endobj Global Partners LP Files 2021 Annual Report on Form 10-K February 28, 2022 Download WALTHAM, Mass.-- (BUSINESS WIRE)-- Global Partners LP (NYSE: GLP) today announced that its Annual Report on Form 10-K for the year ended December 31, 2021 was filed with the U.S. Securities and Exchange Commission (SEC) on February 28, 2022. 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/. Leveraging our operating experience, we invest in key sectors across renewable power & transition, infrastructure, private equity, real estate, and credit & insurance. About Global Infrastructure PartnersGIP is a leading independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. GIP has 10 offices around the world with major hubs in New York, Stamford, London, Sydney, Hong Kong and Mumbai. North America: 1-866-989-0311. 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. Global Infrastructure Outlook allows you to explore the annual infrastructure trends, needs and gaps up to 2040 for 7 sectors, 56 countries, 5 regions and the world total. This site uses cookies for analytics. Today in Australia we have access to global capital, but truly are a local player. % Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people. 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. For enquiries regarding share transfers, changes of address, dividend cheques and lost share certificates, please contact: Shareholder correspondence should be mailed to: stream Our business today is vast, and we have earned strong returns on every investment. Our renewable power and infrastructure businesses have been resilient over the last two years, delivering consistent, steady growth. I*Tqo/)wbq qmq&& f0AOS;O(DN?kWahGntCK_U:iQUky-P*Dj_*S.6[VfG(tr:=[u^% HuG2A#U;EcpO|]f kR2^J),9*ESZLFGhhDK.6P*DZ_DFqLv42BG:^,z*o%\cN9&IG?G. At GIP, making a positive contribution to the communities in which we operate is fundamental to our business and companies with which we work. As a result, we embed these principles into all our activitiesincluding our investment processand conduct our business in a sustainable and ethical manner. This should help us achieve strong returns in the future. A link has been emailed to you - check your inbox. Preqin forecasts show how different asset classes and markets will grow at different paces. 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. We own utilities, rail, ports, offices, hospitals, nursing homes, data centers, residential and industrial properties, and numerous industrial businesses. We also hired both an infrastructure and a private equity team and are excited about the opportunities we see in South Korea. What a difference a year can make. "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. 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. Today, this portfolio could likely be sold for double our purchase price. These assets include seaports, freight rail facilities, midstream natural resources and power generation businesses. 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. This capital is the result of both the retention of profits and growth in asset values over the decades. https://www.businesswire.com/news/home/20220228005904/en/, Gregory B. Hanson 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 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. 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. Global Infrastructure Partners (GIP) is a leading global independent infrastructure fund manager. "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. All rights reserved. View source version on businesswire.com: 4`0v P2*Qo Choose a maximum of 3 countries. www.computershare.com/investor, Managing Partner, Strategic Initiatives We will soon close our $15 billion Global Transition Fund, which we launched a little more than a year ago. Economies are normalizing as central bank intervention is withdrawn. More importantly, our franchise is stronger and more durable today than it has ever been. Our non-traded REIT is now being distributed on four wealth platforms globally, with additional major platforms expected in the coming months. GIP has made a cross section of investments in other areas of the transport sector as well as the natural resource and power generation areas of the energy sector. Such terms are used solely for the sake of convenience for purposes of the present communication. 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. 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. Our global team of experts offers wide specialisation, knowledge and experience. Bob Callahan joined GIP in 2008, bringing with him over 20 years of operating experience at leading industrial companies. Global Infrastructure Partners' first fund, GIP I, completed its fund raising in May 2008 with $5.64 billion in investor capital commitments. 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. 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. 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. NEW YORK, Jan. 26, 2022 /PRNewswire/ -- Global Infrastructure Partners ("GIP . <> And despite some setbacks with a new variant appearing in December, these are passing as we write. 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. Cision Distribution 888-776-0942 <>>> 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. WALTHAM, Mass.--(BUSINESS WIRE)-- It didnt always feel that way, but according to the data, it was. 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. . We have been both selling more mature industrial and life sciences properties, where excellent returns have been locked in, and are buying others. (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. We continue to grow our Asia Pacific business at a faster pace than any other region. GIP's fourth equity Fund, GIP IV, completed fund raising in December 2019, raising $22 billion. TotalEnergies will acquire half of GIP's interest in Clearway Energy Group (Clearway), a privately held renewable development company that owns a controlling stake with a 42% economic interest in Clearway Energy, Inc. (NYSE: CWEN. 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. At the end of 2021, TotalEnergies' gross renewable electricity generation capacity is more than 10 GW. Many of our long-standing shareholders appreciate the true value of our capital base and the benefits it brings to the broader franchise. All other figures as of February 2023. 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. In India, our 14 years have taught us that if youre careful and patient, you can do extremely well. <> Prospectus Year Document Access ; 2007: 2007 Prospectus. This was an almost 50% increase compared with 2020, and all parts of our business contributed to the strong results. Global Infrastructure Partners A leading global, independent infrastructure fund manager. To explore Global Infrastructure Partnerss full profile, request access. M5C 3H2, Toll-Free:1-800-564-6253 Global Infrastructure Outlook was first released in July covering 50 major countries around the world. 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. Twitter: @TotalEnergiesLinkedIn:TotalEnergiesFacebook: TotalEnergiesInstagram:TotalEnergiesTwitter: @TotalEnergiesPR, Investor Relations: +33 (0)1 47 44 46 46 l [emailprotected]. We started with an experienced fundraising team, and are now building solar projects and industrial logistics real estate. Please also choose a country and/or region you want to analyse. 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 . Our approach is focused on investing on a value basis. Annual Report and Financial Statements For the Year Ended 31 October 2019. Our operations are highly geared to the economic recovery. In fact, by midyear the markets were worried about exactly the opposite! 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. AP WIP Investments, LLC - December 31 2019 and 2018 Audited Financial Statements. Global Infrastructure Partners (GIP) is an independent fund that invests in infrastructure assets worldwide. %PDF-1.5 The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. If you experience any issues with this process, please contact us for further assistance. 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. Key deals include CyrusOne, a global developer and operator . That is the Transition. Since joining GIP, he has helped arrange approximately $100 billion of financings for our portfolio companies. 2 0 obj 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. 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. 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. 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. 617-542-5300 GLP@investorrelations.com 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. GIP and TotalEnergies are well-positioned to support SunPower management's growth strategy. However, a critical point in this is that everything does not have to become green todayin fact, not everything can be green today. 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. In total as of 2018, its portfolio companies employ approximately 21,000 people. Our funds own 46 current portfolio companies which have combined annual revenues of US$40 billion and employ in . In an inflationary environment, backbone real assets, private credit and transition-focused investments are where you want to be invested. In January 2019, Stonepeak realized its investment in Dominion. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. It allows TotalEnergies to scale up in the U.S. market, one of the most dynamic in the world, benefiting from operating assets, a 22 GW high quality portfolio, with a wide geographic coverage with a presence in 34 states. 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