Many of our long-standing shareholders appreciate the true value of our capital base and the benefits it brings to the broader franchise. 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. 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. 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. Lucy serves on the Boards of NTV Italo and Naturgy Energy Group. 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. AP WIP Investments, LLC - December 31 2019 and 2018 Audited Financial Statements. Oxford Economics has also relied on insights and knowledge developed from earlier research into infrastructure spending undertaken in conjunction with PwC. Get the full list, Youre viewing 5 of 42 exits. EmergentCold LatAm All of this drove very strong financial performance across our operations, underpinning the stable and growing distributions we receive. 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. Choose a region. Since joining GIP, he has helped arrange approximately $100 billion of financings for our portfolio companies. We acquired a lot of real estate early in 2021 and are now successfully unlocking value through the monetization of select assets. You can sign up for additional alert options at any time. 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. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. Please also choose a country and/or region you want to analyse. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. GDP in every country recovered and the markets quit worrying about deflation or negative interest rates. More importantly, however, the real estate investment markets are only now starting to regain a sense of normalcy, driven in large part by the attractiveness of the combined attributes of real estatebeing income generation, and inflation protection. Cautionary NoteThis press release, from which no legal consequences may be drawn, is for information purposes only. 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. 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. GIP manages approximately US$77 billion for its investors. Economies are normalizing as central bank intervention is withdrawn. You must click the activation link in order to complete your subscription. 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. What a difference a year can make. 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. At Global Partners LP, we promise to treat your data with respect and will not share your information with any third party. The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrowinfrastructure with sustainability at its core. 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. We are often asked if we would prefer to be asset-light or stay asset-heavy. For those not familiar with the nomenclature, in addition to our asset management business we have $50 billion (net of debt) of our own parent company investment capital. 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. The firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. Win whats next. 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. The main goal of our investments is to assist and accelerate the transition to net zero. This is a profile preview from the PitchBook Platform. Global Infrastructure Outlook - A G20 INITIATIVE 3 countries sectors and regions you want to analyse. A verification email is on its way to you. 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) All rights reserved. Read our detailed forecasts and analysis in the 2022 Global Alternatives Reports, only on Preqin . This gives us critical mass and the regulatory licenses to continue assisting our insurance clients in many ways. Our approach is focused on investing on a value basis. Global Infrastructure Partners (GIP) is a leading global independent infrastructure fund manager. But for new investors who do not know us as well, this can be more time-consuming to understand. 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. As a result, we embed these principles into all our activitiesincluding our investment processand conduct our business in a sustainable and ethical manner. [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. Our funds own 46 current portfolio companies which have combined annual revenues of US$40 billion and employ in . This transaction has further increased our presence in the country and opened up new adjacent opportunities. GIP's portfolio companies have combined annual revenues of c. US $61 billion and employ c. 99,000 people. Sharon Merrill Associates, Inc. endobj 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. The areas of the property markets that have exhibited value investment characteristics (primarily office and retail) have been incredible places to acquire assets at a steep discount over the past two years, as there have been very few competitive buyers. endobj The terms "Company" or "TotalEnergies company" refer collectively to the company TotalEnergies SE and the companies it controls directly or indirectly. 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. Today, this portfolio could likely be sold for double our purchase price. The launch of Brookfield Reinsurance has been successful on many fronts. We recently created a partnership with Sequoia Capital China to invest in new economy infrastructure. This site uses cookies for analytics. In addition to our flagship products, we have 35+ other strategies in the market raising capital. 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). We raised $71 billion of capital across our flagship and complementary strategies, which increased total fee-bearing capital to $364 billion at year-end. 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. The fund became fully invested during 2012. Preqin forecasts show how different asset classes and markets will grow at different paces. In addition, our asset management business, started only 25 years ago, would not have been mature enough to consider separating it from our capital. In January 2019, Stonepeak realized its investment in Dominion. Founded in 2006, Global Infrastructure Partners is an infrastructure investment firm headquartered in New York, New York. However, a critical point in this is that everything does not have to become green todayin fact, not everything can be green today. Our latest annual report highlights our work in FY21 . 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. A full explanation of the methodology can be found in both the 2017 report, and the 2018 report update. This shows both the power of the franchise and the interest from investors in achieving net zero globally. We expect that the global recovery will be back on track soon, and the level-set of valuations in areas such as China and in technology businesses presents great opportunities. We started with an experienced fundraising team, and are now building solar projects and industrial logistics real estate. For all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: [email protected] North America: 1-866-989-0311 Global: 1-416-363-9491. 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. GIP and TotalEnergies are well-positioned to support SunPower management's growth strategy. In addition, these investors understand how and what we invest in, and have been comfortable with us making investment decisions with the capital. We will soon close our $15 billion Global Transition Fund, which we launched a little more than a year ago. 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. About Global Infrastructure PartnersGIP is a leading independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. You may also choose the sectors and regions you want to analyse. We have only scratched the surface and believe that Japan will become a very meaningful investment market for us. 2 0 obj These assets include seaports, freight rail facilities, midstream natural resources and power generation businesses. The firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. Both committed approximately 9% of the US$5.64 billion of GIP I's committed capital. With assets under management at a record-high $582bn, private infrastructure is continuing to grow. Only logged in subscribers of this site will be able to access the shared article. For many decades our sole focus has been on compounding shareholder capital. Total forecast infrastructure investment gaps. Brookfield Asset Management Inc. 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. The first is our traditional new-build renewables business. The 2020 Preqin Global Infrastructure Report is the industry's most complete and in-depth annual review. GIP employs approximately 150 investment and operational professionals and has offices in New York, London and Sydney, with operational headquarters in Stamford, Connecticut. 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. This information is available in the PitchBook Platform. Global Infrastructure Partners was established in May 2006. Its portfolio consists of about a dozen companies, most of which are located in North America and the UK. 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. For enquiries regarding share transfers, changes of address, dividend cheques and lost share certificates, please contact: Shareholder correspondence should be mailed to: 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. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. For reference, $1 million invested 30 years ago in Brookfield Asset Management is worth $111 million today. The growth sectors of property have been industrial and life sciences real estate, given e-commerce tailwinds and the biotech revolution taking hold. But our asset management business is now one of the largest and fastest-growing scale alternative investment businesses globally. 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. And do not hesitate to contact any of us should you have suggestions, questions, comments or ideas you wish to share. 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. North America: 1-866-989-0311. Toronto, ON GIP manages c. US $81 billion for its investors. In fact, our business has grown faster and become more profitable because of the capital we have to support it. 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 . 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. 3 0 obj 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. With money available and interest rates low, this is a very constructive environment for good businesses. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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/. We are a premier global alternative asset manager with approximately $690 billion of assets under management. Lucy Chadwick joined GIP in 2019 with over 30 years of transport industry and government experience. 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. 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