We acquired a lot of real estate early in 2021 and are now successfully unlocking value through the monetization of select assets. 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. The third type is working with electricity generators, where we will help provide the capital to enable them to shift from coal to gas, and from gas to renewables. Global Infrastructure Partners (GIP) is a leading global independent infrastructure fund manager. 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. GIP targets investments in the energy, transport, digital infrastructure, and water/waste sectors in both OECD and select emerging market countries. We started with an experienced fundraising team, and are now building solar projects and industrial logistics real estate. 617-542-5300 GLP@investorrelations.com (Put into perspective, even eight rate hikes will bring the U.S. short rate only to around 2%.). 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. Key deals include CyrusOne, a global developer and operator . Today, this portfolio could likely be sold for double our purchase price. 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. Our business today is vast, and we have earned strong returns on every investment. Register now to read this article and more for free. Many of our long-standing shareholders appreciate the true value of our capital base and the benefits it brings to the broader franchise. 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. To explore Global Infrastructure Partnerss full profile, request access. As of December 2020, Global Infrastructure Partners had aggregate assets under management of approximately US$75 billion, such investments being concentrated in OECD countries. For more information, visit www.global-infra.com. A link has been emailed to you - check your inbox. We are disciplined in acquiring high-quality assets and businesses that we believe can deliver strong performance across market cycles. GIP manages c. US $81 billion for its investors. You can sign up for additional alert options at any time. British Venture Capital Association (BRVCA), Indian Venture Capital Association (INVCA), Principles for Responsible Investment (PRI), Youre viewing 5 of 104 investments and acquisitions. In January 2019, Stonepeak realized its investment in Dominion. All in all, 2021 was a pretty good 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. 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. P.O. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030, with the objective of being among the world's top 5 producers of electricity from wind and solar energy. 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]. 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. Learn more about some of the measures we are taking and the positive impact we have made. On this Wikipedia the language links are at the top of the page across from the article title. Lucy serves on the Boards of NTV Italo and Naturgy Energy Group. But Global . All other figures as of February 2023. On top of that, we crystalized a record $1.7 billion of carried interest in 2021. In fact, by midyear the markets were worried about exactly the opposite! 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. In undertaking this work Oxford Economics drew on information provided by third parties, upon which Oxford Economics has relied on in good faith. The global electricity make-up is currently 25% from renewable sources, and this is set to grow to 50% or more over the next 30 years. Please also choose a country and/or region you want to analyse. Choose a region. <>>> Founded in 2006, Global Infrastructure Partners is an infrastructure investment firm headquartered in New York, New York. NEW YORK , May 25, 2022 /PRNewswire/ -- Global Infrastructure Partners . 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. We started in South Korea 10 years ago and have one of the strongest client rosters of any foreign manager in the country. He leads GIP's capital markets group, which is responsible for our portfolio company debt financing activities across commercial lending and capital markets. With assets under management at a record-high $582bn, private infrastructure is continuing to grow. 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/. 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. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. CWEN.A). Today in Australia we have access to global capital, but truly are a local player. But our asset management business is now one of the largest and fastest-growing scale alternative investment businesses globally. Our Strategy Portfolio "I am delighted with this partnership with Global Infrastructure Partners, which is a major player in renewables, particularly in the United States. Our global equity funds continue the Firms tried and tested approach to investing in core and core-plus infrastructure opportunities. stream The infrastructure sector sits at a collision point of global disruptions, including shifts in capital availability, evolving social and environmental priorities, and rapid urbanisation. Boston, MA 02116, 617-542-5300 Global Infrastructure Partners operates as an investment company. 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 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. endobj 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. In fact, our business has grown faster and become more profitable because of the capital we have to support it. GIP has 10 offices around the world with major hubs in New York, Stamford, London, Sydney, Hong Kong and Mumbai. 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. Global Infrastructure Outlook was first released in July covering 50 major countries around the world. While always careful, we believe that our early success can lead to much more. 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. The below represents a total dollar gain of $2.0 billion for all of our constituents, or a 47% annualized gain on a gross asset basis over the year (equity returns are far higher). Free global infrastructure project platform connecting public and private sectors. It didnt always feel that way, but according to the data, it was. "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. Distributable earnings for the full year were a record $6.3 billion. GIP's portfolio companies have combined annual revenues of c. US $61 billion and employ c. 99,000 people. 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. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. 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. Global Infrastructure Partners' first fund, GIP I, completed its fund raising in May 2008 with $5.64 billion in investor capital commitments. 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. Don't have an account? In addition, these investors understand how and what we invest in, and have been comfortable with us making investment decisions with the capital. Formulated and implemented the infrastructure strategy for video conferencing, streaming media and audio conferencing platforms, with a focus on futuristic technologies like SVC and HEVC (H.265) GIP's fourth equity Fund, GIP IV, completed fund raising in December 2019, raising $22 billion. GIP's Credit business manages over $4 billion across three Funds: GIP Capital Solutions I and GIP Capital Solutions II and GIP Spectrum. We invest our own capital alongside our investors in virtually every transaction, aligning interests and leveraging our deep operational expertise, global reach and access to large-scale capital. This latest round of funds was not only larger, but was raised more quickly than expected. 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. 3 0 obj NEW YORK, Jan. 26, 2022 /PRNewswire/ -- Global Infrastructure Partners ("GIP . A full explanation of the methodology can be found in both the 2017 report, and the 2018 report update. Please always remember that compounding reasonable returns over long periods of time is an incredible miracle of finance. 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. , by midyear the markets were worried about exactly the opposite than expected rosters of any foreign manager the. Approach to investing in core and core-plus Infrastructure opportunities responsible for our portfolio debt! 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