GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Our European platform is built on more than 30 years of experience in logistics real estate and operates in 12 countries across the continent, covering all major logistics markets. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. Fuel margins increased $0.07 per gallon to $0.37 from $0.30 per gallon in the fourth quarter of 2021. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure GLPs strategy is to make private equity investments in businesses and technologies that complement our core logistics real estate business and other high-growth sectors of the economy. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. The companies it has invested in include airCloset, TELEXISTENCE, Rapyuta Robotics, SmartDrive, souco, and more. Luxembourg Alter Domus 2 ans 9 mois . It provides software as a service (SaaS) products for logistics and invests in tech companies that create value for customers through the logistics ecosystem in Japan. Very nice, congratulations on your and GLP's success, Alan. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. This years Innovation Summit featured finalists selected by the Earthshot council in addition to panelist speakers from heads of state, grassroots organizations and tech leaders. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. Can it be just a desire to be a "member of the club?" Purchased by MetLife Investment Management LLC. CapEx or the full year 2022 was $106.8 million, consisting of $54.4 million in maintenance CapEx, in line with our guidance of $45 million to $55 million; and expansion CapEx, excluding acquisitions of $52.4 million, in line with our guidance of $50 million to $60 million. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. G7 is a technology company backed by GLP. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners Ming Mei is co-Founder and CEO of GLP. The fund was oversubscribed at its hard-cap at $1.5 billion, thus making it the the largest self-storage vehicle ever raised. The JVwill explore a range of opportunities including creating smart energy systems for commercial properties, providing renewable energy to logistics assets and expanding energy storage capabilities for rooftop solar panels and also test the viability of autonomous vehicles in logistics management and transportation to develop green smart supply chain hubs. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. The company announced the . Its Time For A Fresh Look At The Kroger Co. West Frasers Earnings Scream Timber, Outlook Says Buy, MarketBeat.com's FREE daily email newsletter. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Several analysts have weighed in on GLP shares. Sean Geary: Good morning. Institutional investors and hedge funds own 28.40% of the companys stock. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, What Led to Europes Deadliest Train Crash in a Decade, This Week in Crypto: Ukraine War, Marathon Digital, FTX. We encourage our people to think beyond the bounds of their roles and our industry by being innovative, sharing new ideas and working as a team. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. Copyright 2023 ALM Global, LLC. This consists of $153.4 million under our $1.1 billion working capital revolving credit facility and $99 million under our $450 million revolving credit facility at 12/31/22. Find More Contacts for GLP Capital Partners. December 08, 2021 05:30 PM. The increases were largely associated with our GDSO operations, including our recent acquisitions, reflecting higher credit card fees related to increases in volume and price, higher salary and rent expenses, partially due to greater activity at our stores and increases in our environmental reserve and maintenance and repair expenses. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies which are supported by global macroeconomic trends, including the sustained growth of globalised commerce, widespread adoption of e-commerce, increased demand for data storage/processing and worldwide focus on sustainable energy. No need to worry, says Felipe Villarroel. Private Equity GLP's strategy is to make private equity investments in businesses and technologies that complement our core logistics real estate business and other high-growth sectors of the economy. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. #1400 GLP Capital Partners' Post GLP Capital Partners 1,707 followers 8h Today, we're excited to announce that we raised $12.3 billion in equity in 2022 across our real asset and private equity. Bloomberg Daybreak Asia. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. With that, now let me turn the call over to Greg for his financial review. 304917 Latest Filing 26 Aug 2022 SEC No. GLP Capital Partners. Many thanks to Emerge CM. Global Partnerss dividend payout ratio is 25.32%. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. GLP forms strategic investment partnerships with companies that can bring about more opportunities and synergies with our core logistics real estate business globally and expand our investment scope further into adjacent segments. Read more about GLP Capital Partners. The value-add fund will invest into the logistics sector. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. Your article was successfully shared with the contacts you provided. Crow Holdings Capital consists of a cycle-tested team with a long history of investing in its flagship value-add fund series and will provide LPs access to a diversified portfolio of assets across the industrial, multifamily, and specialty sectors. Global Fund Management, Capital Raising & Investor Relations. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). GLP Capital Partners is a global investment manager that focuses on logistics facilities and logistics-related operating companies. For the fourth quarter, our Wholesale segment product margin more than doubled from the same period in 2021 as market conditions and effective management of our inventories amid sustained backwardation in the distillates markets combined to drive strong margin capture. By Francisco Alvarado. Global Partners LP (GLP) Stock Price, News, Quote & History - Yahoo Finance U.S. markets closed Dow Futures -65.00 (-0.39%) Global Partners LP (GLP) NYSE - Nasdaq Real Time Price.. Eric Slifka: Thank you, Sean, and good morning, everyone. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. Overnight on Wall Street is daytime in Asia. GLP Capital Partners has raised $2.3 billion for its logistics property fund, exceeding its goal in a sector that gained strength throughout the pandemic and remains hot. SG&A expenses increased $23 million in the fourth quarter to $80.8 million. This report is available on our website, and I encourage you to review it. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors Read More GLP Enters Japan's Data Center Market, Targeting 900 MW Power Capacity Why do investors keep destroying wealth? Operator: Good day, everyone, and welcome to the Global Partners . CapEx in the fourth quarter of 2022 was approximately $41 million, consisting of $26.6 million of maintenance CapEx and $14.4 million of expansion CapEx, the majority of which relates to our convenience stores. Fund Management & Investment GLP Capital Partners is the exclusive fund manager and investment advisor of GLP, a leading global business builder, investor, developer and operator. Our team successfully navigated through these challenges. Under his leadership and vision, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach to growth and value creation and has since expanded into adjacent sectors and new markets. We are excited to work together on their flagship strategy! Now, Greg, Mark and I will be happy to take your questions. Excluding the net gain on the sale of assets, TTM distribution coverage was 2.8x or 2.6x after factoring in distributions to our preferred unitholders. GLP Capital Partners. Win whats next. Shell Asset Management Co. Reduces Stock Holdings in GXO Logistics, Inc. (NYSE:GXO), Shell Asset Management Co. Decreases Stock Position in Hudbay Minerals Inc. (NYSE:HBM). Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. By caring for the environment, empowering people, particularly our employees and communities and practicing responsible governance, we have formed the foundation for an enduring business that has stood the test of time and continues to thrive. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. GLP is a privately owned company incorporated in Singapore. It is the largest fleet management platform in Asia and provides IoT and AI-enabled fleet management and other services to empower logistics companies. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. We continue to manage our balance sheet prudently. GLPGCP GLP Capital Partners ""46 1250 . Asian industrial giant GLP on Tuesday unveiled GLP Capital Partners, a newly minted fund management business investing in sectors including Liked by Haijin Zeng Terry We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy #womeninvesting #womeninfinance #etfs #sustainability #emerge, VP, National Sales - DCIO Resolute Investment Managers, From our American Beacon Advisors sub-advisor TwentyFour Asset Management LLP: Strong performance across markets in January has left some investors feeling theyve missed out on the rally in bonds. Over the years, we have formed multiple partnerships with organizations around the globe to expand our capabilities in logistics, real estate, infrastructure, solar energy, finance, private equity, technology and more. MetLife Investment Management LLC Buys 2,282 Shares of Wabash National Co. MetLife Investment Management LLC Boosts Stake in MannKind Co. MetLife Investment Management LLC Boosts Holdings in 23andMe Holding Co. MetLife Investment Management LLC Raises Stock Holdings in TG Therapeutics, Inc. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. (NASDAQ:KDNY), 61,368 Shares in Zeta Global Holdings Corp. (NASDAQ:ZETA) Purchased by MetLife Investment Management LLC, MetLife Investment Management LLC Buys 2,282 Shares of Wabash National Co. (NYSE:WNC), MetLife Investment Management LLC Boosts Stake in MannKind Co. (NASDAQ:MNKD), MetLife Investment Management LLC Boosts Holdings in 23andMe Holding Co. 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Our assumptions and future performance are subject to a wide range of business risks uncertainties and factors, which are described in our filings with the Securities and Exchange Commission, which could cause actual results to differ materially from the Partnership's historical experience and present expectations or projections. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. GLP has launched a number of initiatives to pursue renewable energy development including rooftop solar on our global logistics real estate portfolio, wind assets and energy storage solutions. Already have an account? Turning to the Commercial segment. Markets never sleep, and neither does Bloomberg. For full year 2023, we expect maintenance capital expenditures in the range of $50 million to $60 million; and expansion capital expenditures, excluding acquisitions, in the range of $55 to $65 million, relating primarily to investments in our gasoline station business. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . He is also an investor and board member of Value Retail China, a company that specializes in the development and operation of luxury outlet shopping villages. 10x easier to research good investments I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. All Rights Reserved. | Learn more about Melissa Ava Marshall MCIPD's . Selected profiles of other Operating Partners are also shown below. Li & Fung is a global leader in creating customized, end-to-end supply chain and logistics solutions to help brands and retailers respond quickly to evolving consumer and production trends. These statements include projections, expectations and estimates concerning the future financial and operational performance of Global Partners, which are based on assumptions regarding market conditions, demand for liquid energy products and convenience store products, the regulatory and permitting environment, the forward product pricing curve and other factors, which could influence our financial results. For full year 2022, interest expense increased $1.2 million to $81.3 million. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. Product margin from other oils and related products, which include distillates and residual oil, was up $48.5 million to $59.4 million, primarily due to more favorable market conditions in distillates. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. GCP Capital Partners - Home Investing in Firms with Significant Potential Seasoned private equity professionals making both control and influential minority investments in high-growth and select cyclical-growth industries GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). Americold. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. GDSO product margin was up $46.1 million in the quarter to $223.2 million. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. Achieved total IT load capacity of ~1,400 MW in China. The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. Brixmor Property Group. We are committed to a broad range of ESG initiatives that elevate our business, create value for our stakeholders, support our employees and show respect to our local communities. The segment's performance for both periods was driven largely by an increase in bunkering activity. Receive News & Ratings for Global Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Partners and related companies with MarketBeat.com's FREE daily email newsletter. This is the GL Capital Partners company profile. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. UBS Group AG now owns 70,415 shares of the energy companys stock valued at $1,655,000 after buying an additional 53,964 shares during the last quarter. Were proud of our long-shared history and culture with GLP and will continue to leverage our combined capabilities to create a powerful and unique ecosystem and value proposition for the benefit of our investors, customers and each other. GLP Capital Partners (GCP) Jan 2022- Present1 year 2 months New York, New York, United States Investments Director of Investments GLP Capital Partners (GCP) Sep 2018- Dec 20213 years 4 months. The fund targets logistics sector. During the same quarter in the previous year, the company earned $0.44 earnings per share. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in assets under management, is the exclusive investment and asset manager of GLP. For more information on GLPs ESG efforts, visit: glp.com/global/impact. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Angel, Fund of Funds, Venture Capital), General contact email for the organization. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. Corporate Finance & Alternative Asset Investment. Operator? Global Partners had a net margin of 1.92% and a return on equity of 52.42%. GLP invested in Li & Fung to help execute on its Logistics/Assets-as-a-Service approach, which uses data analytics and technologies to bring value to customers. In the renewable fuels area, we permitted and completed the installation of customizable biofuel systems at four of our terminals and began biofuel supply projects at two additional facilities. Several other hedge funds have also made changes to their positions in GLP. All rights reserved. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. In addition, in the fourth quarter, we incurred an expense of approximately $7.5 million in connection with an ongoing dispute between us and a landlord at certain of our sites, which we are currently disputing. It specializes in acquisitions, development, operations, technology, and e-commerce. Mar 2023 - Present1 month. Global Partners had a return [] Annaly Capital Management. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT GLP CAPITAL PARTNERS, INC. CRD No. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. Operating expenses increased $25.2 million to $118 million for the fourth quarter and $91.7 million to $445.3 million for the full year. Turning to our distribution. Total number of employee profiles an organization has on Crunchbase, Total number of Crunchbase contacts associated with this organization, Total number of organizations similar to the given organization, Where the organization is headquartered (e.g. With the purchases of Consumers Petroleum of Connecticut, Miller Oil Co. and Tidewater Convenience, we added more than 60 company-operated convenience markets and related fuel operations as well as fuel supply arrangements at more than 55 additional sites. Thrilled indeed! GLP Capital Partners Native Currency USD Fund Manager's Location 100 Wilshire Boulevard Suite 1400 Santa Monica, CA 90401 United States +1 (310) 000-0000 Fund Domiciles United States: Delaware Cayman Islands GLP Capital Partners IV Investment Strategy Investments by Industry Investments by Deal Type Want detailed data on 3M+ companies? The adviser's REGISTRATION status is listed below. To date, the group has secured more than $800,000 in grants to deploy DCFC EV charging stations at six of our locations and has developed a spec for DCFC stations at new Alltown Fresh locations. To learn more about GLP Capital Partners, visit www.gcp.com. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. In 2022, we made great strides in defining our role in the energy transition from actively crafting clean fuels policy to investing in the infrastructure to deliver low-carbon solutions to creating mechanisms for people to lead with ingenuity; we are making progress on our sustainability journey. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. On a full year basis, SG&A was up $50.2 million to $263.1 million. GLP Capital Partners ("GCP") is a US-based real estate investment manager with fully integrated operating platforms focused on logistics real estate and adjacent asset classes. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. *May exclude premium content Located in Connecticut, Maine, Massachusetts and New Jersey, the terminals have an aggregate storage capacity of approximately 3.9 million barrels in locations that complement our network by making us more competitive in multiple products over a larger geographic base. Shell Asset Management Co. Cuts Stock Holdings in Harsco Co. (NYSE:HSC), Shell Asset Management Co. Sells 1,449 Shares of Redwood Trust, Inc. (NYSE:RWT). DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. On the EV front, our sustainability group welcomed and electric innovation strategist to evaluate, educate and guide our strategy in the electric space, including electric vehicle and charger market. At over $2.3 billion the fund, GLP . Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. This button displays the currently selected search type. Sensors track detailed information on trucks, drivers and cargo in real time, thus enabling a real-time view of fleet operations and the flow of goods. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. Gasoline and gasoline blendstock product margin increased $20.7 million to $107 million for the full year, primarily due to more favorable market conditions in gasoline during the second and third quarters of 2022. Sovereign Investor Leadership Conference March 2023 Menu All Rights Reserved. Live market coverage co-anchored from Hong Kong and New York. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. The Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields!
