global infrastructure partners annual report

As of December 2020, Global Infrastructure Partners had aggregate assets under management of approximately US$75 billion, such investments being concentrated in OECD countries. 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. Leveraging our operating experience, we invest in key sectors across renewable power & transition, infrastructure, private equity, real estate, and credit & insurance. As a result, we embed these principles into all our activitiesincluding our investment processand conduct our business in a sustainable and ethical manner. The scale, capabilities and ambition that both GIP and TotalEnergies bring to this partnership will support our shared vision to build industry-leading utility scale and distributed renewables platforms in the U.S." said Adebayo Ogunlesi, Chairman and CEO of Global Infrastructure Partners. <> 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. 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. 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. 501 Boylston Street, 10th Floor Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. 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. [7] Exceeding what it had initially projected,[8] GIP's third fundGIP IIIcompleted fund raising in January 2017 with approximately $15.8 billion in investor capital commitments. A verification email is on its way to you. We are in the final stages of closing our $15 billion Brookfield Global Transition Fund I. We also hired both an infrastructure and a private equity team and are excited about the opportunities we see in South Korea. 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. We began operations in Beijing in January 2016 and have since grown to 106 approved members worldwide. SunPower is the second largest residential solar company in the U.S., providing customers with fully integrated solar, storage, home energy and financing solutions. 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. Today, with 40 million square feet of IT office park real estate, 150,000 telecom towers, toll roads, pipelines, solar and wind facilities, and an IT outsourcing business, we are a brand name in alternative investments. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Get the full list, Youre viewing 5 of 42 exits. The firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. The tone of the real estate markets has improved dramatically since mid-2020. Global Infrastructure Partners (GIP) is a leading global independent infrastructure fund manager. 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. 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. 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. 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. Global Infrastructure Partners Venture Capital and Private Equity Principals . About TotalEnergiesTotalEnergies is a global multi-energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. 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. GIP works in partnership with the public sector and other stakeholders to improve. Only logged in subscribers of this site will be able to access the shared article. While always careful, we believe that our early success can lead to much more. North America:1-866-989-0311 Our asset management business continues to establish itself as one of the pre-eminent brands globally. And we take a long-term view in deploying capitalbut are ready to act decisively when the right opportunities emerge. 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. Our global team of experts offers wide specialisation, knowledge and experience. Not the case? We specialize in infrastructure and real assets, investing capital on behalf of pension funds, endowments and other large institutions from around the world. This latest round of funds was not only larger, but was raised more quickly than expected. Global Infrastructure Hub | 15,500 followers on LinkedIn. Choose a region. TotalEnergies SE has no liability for their acts or omissions. 2019. At the end of 2021, TotalEnergies' gross renewable electricity generation capacity is more than 10 GW. This should help us achieve strong returns in the future. 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. Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. SDG Disclaimer - Includes the additional investment needed for countries that have not yet met the SDGs. Irrespective of global macro issues, which always arise, we own an incredible portfolio of real assets and businesses which provide both strong cash flow and inflation protection. This shows both the power of the franchise and the interest from investors in achieving net zero globally. GIP manages approximately US$77 billion for its investors. We started in South Korea 10 years ago and have one of the strongest client rosters of any foreign manager in the country. GIP's fourth equity Fund, GIP IV, completed fund raising in December 2019, raising $22 billion. 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. Learn more about some of the measures we are taking and the positive impact we have made. The World Economic Forum's Global Future Council on Infrastructure is meeting this year to discuss and develop new tools to help attract investment and to bring innovation into infrastructure development Please always remember that compounding reasonable returns over long periods of time is an incredible miracle of finance. 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. 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 therefore equally important to go where the emissions are and provide capital to convert a coal-based utility or a carbon-intensive industrial business. With assets under management at a record-high $582bn, private infrastructure is continuing to grow. Today in Australia we have access to global capital, but truly are a local player. 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. 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. Boston, MA 02116, 617-542-5300 The data from this website is from analysis and modelling by Oxford Economics, who the Global Infrastructure Hub engaged to produce Global Infrastructure Outlook. For many decades our sole focus has been on compounding shareholder capital. Single-family residential responded first, driven by people being at home, with industrial and life sciences next, followed more recently by urban high-rise multifamilyand now office, with the balance of sectors to follow. 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). If we distributed most of our $50 billion of investment capital to shareholders, we could quickly and easily become asset-light. But for new investors who do not know us as well, this can be more time-consuming to understand. Our diversified real estate portfolio allowed us to reap the benefits of the continued reopening across most of our businesses. 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. 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. Explore a country's capability to deliver infrastructure projects. 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. 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. Many of our long-standing shareholders appreciate the true value of our capital base and the benefits it brings to the broader franchise. This is a profile preview from the PitchBook Platform. 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. 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. Twitter: @TotalEnergiesLinkedIn:TotalEnergiesFacebook: TotalEnergiesInstagram:TotalEnergiesTwitter: @TotalEnergiesPR, Investor Relations: +33 (0)1 47 44 46 46 l [emailprotected]. The second type of opportunity focuses on providing capital to industrial companies to enable them to decarbonize their operations. %PDF-1.5 We are a premier global alternative asset manager with approximately $690 billion of assets under management. Infrastructure Monitor identifies and analyses global trends in private investment in infrastructure View the 2022 report Better infrastructure in 2023 See how your country can improve policies, institutions, and systems to optimise infrastructure investment. GIP has 10 offices around the world with major hubs in New York, Stamford, London, Sydney, Hong Kong and Mumbai. This site uses cookies for analytics. 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. Japan is becoming more interesting all the time and we continue to increase our presence there. Performance in the stock market was exceptional; a 48% market return (the gain on our stock in 2021) does not happen very often. But Global . Centered in the Northeast, the company is a third-generation, family-founded business with operations throughout the U.S. Our funds own 46 current portfolio companies which have combined annual revenues of US$40 billion and employ in excess of 63,000 people. Free global infrastructure project platform connecting public and private sectors. Key deals include CyrusOne, a global developer and operator . British Venture Capital Association (BRVCA), Indian Venture Capital Association (INVCA), Principles for Responsible Investment (PRI), Youre viewing 5 of 104 investments and acquisitions. 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. It is still early, but with interest rates looking to continue in a low-ish range for longer, this business could become significant to us. Tel:416-956-5129 Global: 1-416-363-9491. 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 NEW YORK , May 25, 2022 /PRNewswire/ -- Global Infrastructure Partners . 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. 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. An emphasis on diversity and inclusion reinforces our culture of collaboration. You can sign up for additional alert options at any time. That is the Transition. To explore Global Infrastructure Partnerss full profile, request access. All of this drove very strong financial performance across our operations, underpinning the stable and growing distributions we receive. 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. Please confirm you would like to remove this article from your saved articles. Technology is affecting all business, as it always has. The Company invests in the natural resources infrastructure, water distribution and . 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. However, a critical point in this is that everything does not have to become green todayin fact, not everything can be green today. 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. He leads GIP's capital markets group, which is responsible for our portfolio company debt financing activities across commercial lending and capital markets. 2023 PitchBook. 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. The firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. With several of our earlier vintage funds having passed their preferred hurdles, we are now realizing carried interest across a variety of strategies, and we expect to continue this momentum into 2022. Private Participation in Infrastructure (PPI) - World Bank Group We have some great partners in the country and are looking to raise RMB-denominated capital. Our latest annual report highlights our work in FY21 . However, the emergence of COVID-19 introduces an altogether new set of challenges. Its portfolio consists of about a dozen companies, most of which are located in North America and the UK. <>>> The infrastructure sector sits at a collision point of global disruptions, including shifts in capital availability, evolving social and environmental priorities, and rapid urbanisation. M5C 3H2, Toll-Free:1-800-564-6253 CONTACT INFORMATION. Oxford Economics has also relied on insights and knowledge developed from earlier research into infrastructure spending undertaken in conjunction with PwC. Please also choose a country and/or sector you want to analyse. And do not hesitate to contact any of us should you have suggestions, questions, comments or ideas you wish to share. This, together with the added benefit of having the longest duration of annuity-like cash flows of any asset manager, means that it could now simply be separated from our capital. In 2021, we generated a record $12.4 billion of total net incomecompared with $707 million in 2020. 2 0 obj 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 . 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