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GCP is focused on uncovering advantaged opportunities in logistics real. Global Partners had a return [] All content is posted anonymously by employees working at GL Capital Partners. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. At the end of 2022, our GDSO portfolio consisted of 1,673 sites, comprised of 353 company-operated sites, 295 commission agents, 192 leasing dealers and 833 contract dealers. Luxembourg, Luxembourg Financial Accountant GLP Capital Partners mai 2020 - oct. 2021 1 an 6 mois. To explore GLP Capital Partners IVs full profile, request access. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC GLP Capital Partners LP operates as an investment management company. All rights reserved. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Sustainability is a strategic priority across GLPs global business, and we are deeply committed to building a better future for our employees, customers and local communities. We continue to have ample excess capacity in our credit facility. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. All Rights Reserved. This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. 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. With that, now let me turn the call over to Greg for his financial review. Bank of America Corp DE now owns 90,092 shares of the energy companys stock worth $2,457,000 after acquiring an additional 15,360 shares during the last quarter. Boston Properties. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. Want to see what other hedge funds are holding GLP? GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT GLP CAPITAL PARTNERS, INC. CRD No. 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. GLP was founded by Ming Mei and Jeff Schwartz as a developer and operator of logistics real estatewith operations in Japan and China, Listed on the Singapore Stock Exchange in the largest ever real estate IPO globally, Entered Brazil market as market leader with acquisition of $1.45B platform, Listed $1.3B GLP J-REIT (TSE: 3281) on Tokyo Stock Exchange - the largest real estate IPO in Japan, AUM grows to $11B with launch of first development fund in China and expansion of development vehicle in Japan, Enter the U.S. through the $8B acquisition of IndCorfrom Blackstone and becomes second largest logistics real estate owner in the U.S. within 12 months, Entered Europe market through the $2.8B acquisition of Gazeley and doubled Europe AUM within a year, GLP delists from SGX in $12B transaction, the largest of a listed company in Asia, GLP enters India via strategic partnership with IndoSpace, GLP sells 179M sq ft of U.S. assets to Blackstone for $18.7B, the largest-ever private real estate transaction globally, AUM grows to $89B following announcement of strategic investment partnership with China Merchants Capital, Global business expands to 17countries following acquisition of European portfolioand entry into Vietnam, Private equity business acquiresstake in Li & Fung, GLP C-REIT (508056:CH) is among the first batch of nine C-REITs to be listed in China. Live market coverage co-anchored from Hong Kong and New York. Operator? GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. In addition to the power of our people, our company performance demonstrates the resilience of our business model, the strength of our assets and the value that we deliver for the guests at our gas stations and convenience markets and the customers at our liquid energy terminals every day. Passionate about delivering on HR principles of attracting, developing, and retaining talent. Thrilled indeed! As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. For the full year, GDSO product margin was up $209 million to $856.6 million, with fuel margins increasing $0.09 per gallon to $0.36 from $0.27 per gallon in the year-earlier period. 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. DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. 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. Your article was successfully shared with the contacts you provided. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? Ming graduated from the Kellogg School of Management at Northwestern University and the School of Business and Management at the Hong Kong University of Science and Technology with a Master of Business Administration. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. Copyright 2020 GLP. 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. Caution and uncertainty are the popular themes. Can it be just a desire to be a "member of the club?" The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. I manage the legals on acquisitions, dispositions . Eric Slifka: Thank you, Greg. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. Is Global Partners LP (GLP) . Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz Find More Contacts for GLP Capital Partners. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. The fund focuses on logistics asset class. This is a profile preview from the PitchBook Platform. 2022 was an exceptionally strong year for Global, reflecting the dedication of our incredible team, our vertically integrated assets, adaptable operating model and strong balance sheet position us well for the year ahead. GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. GLP is a global leader in logistics real estate with a proven track record as business builder, owner, developer and operator with one of the largest logistics real estate footprints in the world. 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. Operator: Good day, everyone, and welcome to the Global Partners . 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. 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. 2023 PitchBook. Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. 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. For full year 2022, interest expense increased $1.2 million to $81.3 million. At over $2.3 billion the fund, GLP . He received his Bachelor of Science in Finance from Indiana University School of Business. GLP Pte Ltd (formerly Global Logistic Properties Limited) converted to a private company after delisting from the Singapore Exchange Securities Trading Limited (SGX-ST) on 22 January 2018. Luxembourg Alter Domus 2 ans 9 mois . Singapore. Following their record-breaking $18.7 billion sale of the GLP U.S. portfolio in 2019, the team launched GCP as an independent investment manager alongside Modlo, its wholly-owned logistics real estate company. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. As Eric noted, diligent planning, effective fuel inventory management and solid execution by the entire team, allowed us to have continued strong performance in the fourth quarter of 2022, closing out a very strong year for the Partnership, highlighted by healthy margin contributions from all three segments of our business. 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. 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. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. 304917 Latest Filing 26 Aug 2022 SEC No. 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. Sovereign Investor Leadership Conference March 2023 Menu *May exclude premium content GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Pacific Biosciences of California, Inc. (NASDAQ:PACB) Shares Sold by Shell Asset Management Co. Algoma Steel Group Inc. (NASDAQ:ASTL) Shares Sold by Shell Asset Management Co. New Gold Inc. (NYSEAMERICAN:NGD) Shares Sold by Shell Asset Management Co. Learn more in our Cookie Policy. #GCP #GLP, Very exciting to be managingthis ETF! #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. All Rights Reserved. For those of you who are participating, we look forward to meeting with you. Edit Lists Featuring This Company Section, GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors, GLP Capital Partners buys Riverside County industrial site for $90 million, GLP Capital Partners Releases 2021 ESG Report, Venture Capital Investors with Investments in Denver, Colorado, Early Stage Venture Investors with Investments in Greater Seattle Area. Copyright 2023 ALM Global, LLC. Our new structure puts us in a position to grow GCP into one of the only truly global alternative asset managers with both a leading presence in Asia and a track record of scale and success in the US, Brazil and Europe, said Alan Yang, CEO of GLP Capital Partners. 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 Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . GLP Capital Partners Oct 2021 - Present 1 year 5 months. 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. 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. We also are focused in investing and partnering with companies where we can play a strategic role in building their business and invest in both established and growth-stage businesses across logistics, real estate, infrastructure, finance and related technologies. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 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. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. Please go ahead, sir. Address: 100 Wilshire Blvd Ste 1400 Santa Monica, CA, 90401-1196 United States See other locations Phone: Website: www.glpcp.com Employees (this site): Modelled Employees (all sites): Modelled Revenue: Modelled Year Started: Unlock full sales materials and reports Contacts Get in Touch with 1 Principals* and 4 Contacts Adam Burnes Principal GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). Arlington Asset Investment. For more information on GLPs ESG efforts, visit: glp.com/global/impact. Pallas Capital Advisors LLC now owns 1,382,449 shares of the energy companys stock worth $46,312,000 after purchasing an additional 36,458 shares in the last quarter. We now offer renewable products at half of our 22 owned or controlled terminals. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure The adviser's REGISTRATION status is listed below. 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. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. REGISTRATION STATUS. SEC / JURISDICTION. 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. "Institutional investment manager" isn't really what it sounds like: the term comes from 13F filings and includes unregistered and/or non-U.S. managers and even some entities that don't consider themselves managers at all -- the terms includes entities that exercise "investment discretion" over U.S.-listed securities and related options and warrants with an aggregate value of at least USD 100 million. Who owns GLP? This special Bloomberg program highlights the event's biggest interviews and news makers. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. Fund name: GLP Capital Partners IV Fund size: $2.3 billion Target size: $2 billion Launch date: June 2020 Current status: Final close, July 2021 GLP Capital Partners has held a final close on their fourth flagship fund, the GLP Capital Partners IV.Successfully raising more than $2.3 billion, the vehicle will invest in logistics real estate throughout the US. With us from Global Partners are President and Chief Executive Officer, Mr. Eric Slifka; Chief Financial Officer, Mr. Gregory Hanson; Chief Operating Officer, Mr. Mark Romaine; and Chief Legal Officer, Mr. Sean Geary. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. This is a boost from Global Partnerss previous quarterly dividend of $0.63. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. We believe these assumptions are reasonable given currently available information. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. GLP United Kingdom has a +15 year track record of developing and managing logistics real estate across United Kingdom, one of Europe's biggest logistics markets. 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. Brookfield Property Partners. The entity was formed on January 15, 2020 in the jurisdiction of Delaware. The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. For companies across our industry and many others, 2022 was a year of significant challenges, including supply chain constraints, steep commodity price volatility, inflation, a tough labor market in the war in Ukraine. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Our #pwcrealestate Tax Service News summarizes the new legislation and gives an update of the currently applicable RETT rates at chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://lnkd.in/eNUEvkYH, Chief Human Resources Officer at GLP Capital Partners (GCP), Thrilled indeed! #partnership#privateequity#fundraising. Turning to the Commercial segment. Why do investors keep destroying wealth? 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. 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. GCP also invests in logistics technology companies from seed to growth equity stages. All Rights Reserved. Eric Slifka: Thank you, Sean, and good morning, everyone. 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. Global Partners undertakes no obligation to revise or update any forward-looking statements. 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. Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. Register here:https://lnkd.in/d5fUjbPC, Partner bei PricewaterhouseCoopers GmbH Wirtschaftsprfungsgesellschaft, New legislation on RETT filing duties in case of share deals has been passed by the legislator putting even more emphasis on correct and timely RETT filings. GLP has announced a substantial plan to enter the Japan data center market, with a target of investing more than $12 billion over the next five years to build out 900 MW of power capacity. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Global Fund Management, Capital Raising & Investor Relations. 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. 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. GLP China has signed an agreement with Contemporary Amperex Technology Ltd. (CATL), the worlds leading battery provider and the largest maker of electric vehicle (EV) batteries, to create a new platform aimed at expanding the use of new energy through asset-as-a-service offerings and advancing sustainability in logistics and transportation. The Company focuses on providing logistics real estate investment management solutions. 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. Turning to our segment details. As an early mover who saw the potential in building a smart logistics ecosystem ahead of its time, Hidden Hill Capital has, since 2018, invested RMB 6 billion in more than 50 companies in the fields of digital supply chain and logistics technology such as modern logistics service systems and food supply chains.