Brandywine Realty Trust. Achieved total IT load capacity of ~1,400 MW in China. 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 Private Equity | GLP Investing in established and growth-stage businesses. 13 min read. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. Hear the latest economic, business and market news, as well as global, national, and local news. Sean Geary: Good morning. Our team successfully navigated through these challenges. Londons Investment Appeal Is Unraveling as Arm Heads to the US, UN report: Modern weapons being smuggled to Haiti from US, British Parents Turn to Home Equity to Help Young Buy Property, Sorry, Fed, Most US Mortgage Rates Were Locked in During Pandemic Lows, Fed Says MoreRate Hikes Are Needed to Curb Inflation, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Ex-Goldman Banker Ordered to Forfeit $43.7 Million Over 1MDB Bribery Fraud, The UK Is Using Drones to Prosecute Small-Boat Migrant Smugglers, In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs, China to Boost Defense Budget; EV Chiefs Give Advice: NPC Update, Philippine governor, 5 others killed in brazen attack, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece, Matt HancockWhatsApp LeakExposes theNeed for Covid Justice, Brexit Might Have Been Prevented With Deals Like This, Video Roundup: Opinions Must-See Footage of the Week, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Climate Change Is Launching a MutantSeed Space Race, UK Braces for Rare Weather Event That Risks Late-Winter Freeze, What Do You Want to See in a Covid Memorial? The fund is based in Santa Monica, California and invests in North America. 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. He received his Bachelor of Science in Finance from Indiana University School of Business. 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. GLP Capital Partners, led by Alan Yang, former chief investment officer of Singaporean. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. Ming co-founded Eastern Bell Venture Capital and sits on various public and private boards. 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. The value-add fund will invest into the logistics sector. GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. Watch our brand video With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. 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. Growth Strategy with GLP Group Leveraging GLP Group's expertise in managing logistics facilities to the greatest extent possible, GLP J-REIT will work to maximize unitholder value through our best-in-class (highest level) asset management, which is esteemed in Japan and around the world. 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 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. December 08, 2021 05:30 PM. Can it be just a desire to be a "member of the club?" Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. 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. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. Operator? DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. Copyright 2020 GLP. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . An investor who invested $10,000 in Warren Buffett's hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees . 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. 2023 Could be Year Apartment Owners Compete for Renters, Beyond Population Shifts: Why Multifamilys Outlook Is Good, Cost of Capital Has CRE Projects Mostly Stalled. Why do investors keep destroying wealth? Many thanks to Emerge CM. Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. Posted by MarketBeat News on Mar 3rd, 2023. Live market coverage co-anchored from Hong Kong and New York. 10x easier to research good investments Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. The segment's performance for both periods was driven largely by an increase in bunkering activity. 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. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. For the full year, Commercial segment product margin increased $25.4 million to $41 million. GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. 10x easier to find good investments Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. To learn more about GLP Capital Partners, visit www.gcp.com. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. GLP reorganises global fund management platform to form GLP Capital Partners. Chief Operating Officer at GLP Capital Partners Englewood, Colorado, United States 1K followers 500+ connections Join to connect GLP Capital Partners (GCP) Activity Congratulations Karolina. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners The fund targets logistics sector. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. In our gasoline distribution and GDSO segment, we continued to benefit from higher retail fuel margins and increased activity in our convenience markets in part as a result of our recent acquisitions. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. This is a profile preview from the PitchBook Platform. We continue to have ample excess capacity in our credit facility. On a full year basis, SG&A was up $50.2 million to $263.1 million. 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. 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. I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: Is Global Partners LP (GLP) . 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. We also continue to focus on optimizing our terminal network. GCP is focused on uncovering advantaged opportunities in logistics real. For the first time, "institutional investment managers" have to disclose how they're voting proxies on their (or their clients') holdings of US-listed securities with respect to executive compensation matters. Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. 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. Global Partners had a return [] For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. Our combined global experience and expertise allow us to build businesses create value for our partners Boston Properties. Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. 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. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Turning to the Commercial segment. View contacts for GLP Capital Partners to access new leads and connect with decision-makers. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Luxembourg Alter Domus 2 ans 9 mois . 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. Several other hedge funds have also made changes to their positions in GLP. 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. 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. Today's call is being recorded. 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. 332 followers 329 connections. Our combined investing and operating expertise allows us to create value for our customers and investors. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. 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. Join to view profile GLP Capital Partners . In January, the Board declared a fourth quarter cash distribution of $1.5725 per unit on all of our outstanding common units consisting of a quarterly distribution of $0.6350 per unit, $2.54 per unit on an annualized basis and a onetime special distribution of $0.9375 per common unit. Purchased by MetLife Investment Management LLC. GCP also invests in logistics technology companies from seed to growth equity stages. How long this might continue is impossible to say at the moment. What does this mean for CRE professionals? GLP Capital Partners IV is a real estate value added fund managed by GCP. The energy . Now let me turn the call back to Eric for closing comments. Global Fund Management, Capital Raising & Investor Relations. 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. The Earthshot Prize 2022 is a global prize designed to incentivize change and help to repair our planet by awarding five winners each year for their contributions to environmentalism. There are Four Different NOIs in a CRE Deal. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz Private Capital Chugged Along Better Than Institutional Money Last Year, A Closer Look at H2s Investment Sales Drubbing, Calgary Startup Offers Wholesale Renewable Power to Homeowners, Unlimited access to GlobeSt and other free ALM publications, Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications, 1 free article* every 30 days across the ALM subscription network, Exclusive discounts on ALM events and publications. #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. 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. Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. Angel, Fund of Funds, Venture Capital), General contact email for the organization. GLP Capital Partners. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. 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. Headquarters Location 100 Wilshire Blvd. Although gasoline and diesel prices ended the fourth quarter at almost the same place they began the quarter, inter-quarter price volatility allowed for periods of strong margin capture. The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. GLP is a privately owned company incorporated in Singapore. 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. With that, now let me turn the call over to Greg for his financial review. Select Accept to consent or Reject to decline non-essential cookies for this use. Bloomberg Daybreak Asia. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Thank you for joining us. 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. 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. Singapore. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. 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 are excited to work together on their flagship strategy! Hong Kong SAR. 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. Passionate about delivering on HR principles of attracting, developing, and retaining talent. #GCP #GLP Delivered first phase of 120 MW data center in Jiangsu Province, China. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. 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. 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 These current estimates depend in part on the timing of completion of projects, availability of equipment and workforce, weather and unanticipated events or opportunities requiring additional maintenance or investments. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. 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. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. Selected profiles of other Operating Partners are also shown below. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. Product margin from other oils and related products increased to $190.1 million for the full year, up $124.7 million from 2022 -- 2021, excuse me, primarily due to more favorable market conditions, largely in distillates. REGISTRATION STATUS. All rights reserved. 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. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. 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). 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.
Does Academic Probation Show On Transcript,
Bloomfield College Application Fee Waiver,
I Hate You Paragraph Copy And Paste,
Rahu In 3rd House For Virgo Ascendant,
Woman Found Dead In Sandbach Park,
Articles G
