global infrastructure partners annual report

GIP works in partnership with the public sector and other stakeholders to improve. Global Infrastructure Partners was established in May 2006. We began operations in Beijing in January 2016 and have since grown to 106 approved members worldwide. Our non-traded REIT is now being distributed on four wealth platforms globally, with additional major platforms expected in the coming months. "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. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. Bob Callahan joined GIP in 2008, bringing with him over 20 years of operating experience at leading industrial companies. 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. 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. In 2021, we generated a record $12.4 billion of total net incomecompared with $707 million in 2020. 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. View our InfraCompass Resources for sustainable infrastructure We raised $71 billion of capital across our flagship and complementary strategies, which increased total fee-bearing capital to $364 billion at year-end. 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. Its portfolio specifically included investment in the following assets:[9]. Our funds own 46 current portfolio companies which have combined annual revenues of US$40 billion and employ in excess of 63,000 people. Our diversified real estate portfolio allowed us to reap the benefits of the continued reopening across most of our businesses. The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrowinfrastructure with sustainability at its core. We continue to grow our Asia Pacific business at a faster pace than any other region. In addition, these investors understand how and what we invest in, and have been comfortable with us making investment decisions with the capital. Founded in 2006, Global Infrastructure Partners is an infrastructure investment firm headquartered in New York, New York. As a result, this should become a very large business for us. We just committed to buying two life science developersone in the U.S. and one in the U.K., and are building out industrial logistics across the U.S., France, Germany, Italy, Poland, China, Korea, Japan, Brazil and Australia. 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. 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. 4 0 obj 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. GIP Credit targets energy, transport, digital, water/waste and other industries or projects with infrastructure-like characteristics. Boston, MA 02116, 617-542-5300 Our global team of experts offers wide specialisation, knowledge and experience. With the closing of the American National deal expected before the end of the second quarter, our insurance operations will now be heading towards $50 billion of assets. 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. 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. Get the full list, Youre viewing 5 of 144 team members. If we distributed most of our $50 billion of investment capital to shareholders, we could quickly and easily become asset-light. The firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. Choose a maximum of 3 countries. Performance in the stock market was exceptional; a 48% market return (the gain on our stock in 2021) does not happen very often. GIP manages approximately US$77 billion for its investors. Dominion Midstream Partners LP (NYSE: DM) is a master limited partnership formed by the investment-grade utility Dominion Resources Inc. to grow a portfolio of natural gas terminaling, processing, storage, transportation, and related assets. This report outlines some of the current and future initiatives we are committed to addressing as part of our ESG strategy. 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. 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. 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. That is the Transition. Win whats next. Headquartered in New York, GIP operates out of 10 offices: New York, London, Stamford (Connecticut), Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore and Hong Kong. We expect these opportunities to fit into three categories. She is Head of GIP's Environmental, Social and Governance Team, leading our efforts to place ESG considerations at the core of our investment processes and working with our portfolio companies to help position them as market leaders in their respective sectors as part of GIP's investment strategy. As you also know, we privatized our real estate business at around 70% of IFRS values in early 2021 and as planned, have now started to monetize some of the assets at premiums to these same IFRS values. In addition to our flagship products, we have 35+ other strategies in the market raising capital. 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. A copy of the Annual Report on Form 10-K is available to be viewed or downloaded on the Partnerships website https://ir.globalp.com/financials/sec-filings/default.aspx or from the SECs website at www.sec.gov. endobj Separating a part of our Manager in the public or private market, while ensuring it still benefits from the capital we have at overall Brookfield, could open up growth options to us that do not exist today, as we dislike ever issuing shares at less than what we believe to be at least their full fair value. 3 0 obj 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. Andrew Paulson joined GIP in 2018 with over 20 years of infrastructure financing experience. Global Infrastructure Outlook - A G20 INITIATIVE 3 countries sectors and regions you want to analyse. Global Partners LP Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. 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. This will be led by China and India due to their vast populations and need for backbone infrastructureand while this wont be easy because there are many very strong local players, we believe that our access to capital enables us to complete our share of dealssometimes as a great partner to the best-of-the-best locals. Email:bip.enquiries@brookfield.com, Management Information Circular and Proxy, Evolving to offer the best of both worlds. In fact, our business has grown faster and become more profitable because of the capital we have to support it. However, a critical point in this is that everything does not have to become green todayin fact, not everything can be green today. 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 non-traded REIT is now being distributed on four wealth platforms globally, with additional major platforms expected in the coming months. We manage funds across four asset classes - infrastructure, debt investments, listed equities and private equity. All of this drove very strong financial performance across our operations, underpinning the stable and growing distributions we receive. Acting General Counsel, Secretary and 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. On top of that, we crystalized a record $1.7 billion of carried interest in 2021. 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). Lucy serves on the Boards of NTV Italo and Naturgy Energy Group. Japan is becoming more interesting all the time and we continue to increase our presence there. Pure-play managers have been more in vogue across global markets because they are easier to value and have attracted higher multiples. After submitting your request, you will receive an activation email to the requested email address. We recently had the final close for our sixth real estate debt fund, raising $4 billionand in just the fourth quarter we raised over $1 billion for our open-end perpetual private infrastructure fund. Industries such as steel, cement, chemicals and others require both renewable generation to lower their carbon footprint and capital to decarbonize their production processes. The firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. from 8 AM - 9 PM ET. 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. 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. GIP's portfolio companies have combined annual revenues of c. US $61 billion and employ c. 99,000 people. This investment cycle is just getting started, and we see a meaningful opportunity for investment in the years to come. 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. 1 0 obj 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. For reference, $1 million invested 30 years ago in Brookfield Asset Management is worth $111 million today. 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. The Global Infrastructure Hub would like to extend our thanks to the peer reviewers from the following organisations who provided a large number of helpful comments and suggestions: Australian Treasury, The Brattle Group, European Bank for Reconstruction and Development, Inter-American Development Bank, International Monetary Fund, and the University of Cape Town. A verification email is on its way to you. Chief Financial Officer 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. 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. 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. We invest where we can bring our competitive advantages to bear, leveraging our deep operational expertise, global reach and access to large-scale, flexible capital. 2007 Annual Report. This gives us critical mass and the regulatory licenses to continue assisting our insurance clients in many ways. 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. The fund became fully invested during 2012. In addition, our asset management business, started only 25 years ago, would not have been mature enough to consider separating it from our capital. As we move into 2022, markets are strong, but recent volatility has brought some sanity back to areas of the markets that were overvalued. And we take a long-term view in deploying capitalbut are ready to act decisively when the right opportunities emerge. 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. 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 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. 31 Adelaide St. E 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. Many of our long-standing shareholders appreciate the true value of our capital base and the benefits it brings to the broader franchise. Technology is affecting all business, as it always has. Our operations are highly geared to the economic recovery. An emphasis on diversity and inclusion reinforces our culture of collaboration. Cautionary NoteThis press release, from which no legal consequences may be drawn, is for information purposes only. This makes us asset-heavy compared with most managers today, which are asset-lightas they were either founded more recently or have distributed their profits annually to their owners. In India, our 14 years have taught us that if youre careful and patient, you can do extremely well. With an extensive network of terminals, gas stations and retail stations, Global Partners helps people heat their homes, operate their businesses and get where theyre going conveniently and quickly. Performance in our asset management business was very strong, resulting in total Distributable Earnings of $6.3 billion for the year. We held a final close for our growth equity fund for over $500 million and expect to launch the next vintage in the first half of 2022. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. We believe that sound environmental, social and governance (ESG) practices are integral to building resilient businesses and creating long-term value for our investors and other stakeholders. 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. We own utilities, rail, ports, offices, hospitals, nursing homes, data centers, residential and industrial properties, and numerous industrial businesses. Twitter: @TotalEnergiesLinkedIn:TotalEnergiesFacebook: TotalEnergiesInstagram:TotalEnergiesTwitter: @TotalEnergiesPR, Investor Relations: +33 (0)1 47 44 46 46 l [emailprotected]. GIP targets investments in the energy, transport, digital infrastructure, and water/waste sectors in both OECD and select emerging market countries. 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. It is quite possible that one-third of our business could be in these markets one day. 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. All other figures as of February 2023. 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. Offer the best of both worlds long-standing shareholders appreciate the true value of our capital base and the licenses! $ 77 billion for its investors global infrastructure Partners is an infrastructure investment firm headquartered New! 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