GLP Capital Partners is the exclusive investment and asset manager of GLP. 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. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. Processes that used to be manual, such as dispatching, are now automated, allowing for much more precision and complexity, while predictive analytics and safety features mean fewer accidents. 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. (NASDAQ:ME), MetLife Investment Management LLC Raises Stock Holdings in TG Therapeutics, Inc. (NASDAQ:TGTX), MetLife Investment Management LLC Has $414,000 Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL), MetLife Investment Management LLC Raises Holdings in Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT), MetLife Investment Management LLC Purchases 7,570 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH), MetLife Investment Management LLC Has $418,000 Holdings in Morphic Holding, Inc. (NASDAQ:MORF), UMH Properties, Inc. (NYSE:UMH) Shares Acquired by MetLife Investment Management LLC, Shell Asset Management Co. Sells 316 Shares of Howmet Aerospace Inc. (NYSE:HWM). Covering Brazil, Vietnam & PE funds. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . For the full year, Commercial segment product margin increased $25.4 million to $41 million. GLP Capital Partners, led by Alan Yang, former chief investment officer of Singaporean. Delivered first phase of 120 MW data center in Jiangsu Province, China. I manage the legals on acquisitions, dispositions . Copyright 2023 ALM Global, LLC. 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. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. REGISTRATION STATUS . Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. For more information on GLPs ESG efforts, visit: glp.com/global/impact. Global Fund Management, Capital Raising & Investor Relations. The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. All content is posted anonymously by employees working at GL Capital Partners. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. 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. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. There are Four Different NOIs in a CRE Deal. 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. 12 Best Affordable Dividend Stocks to Buy, Stay Informed: Jerome Powells Policy Report & Important Economic Data, What cautious spending means for the US economy: YF Explains, 3 top tips for investors trying to weather the current economic storm: Strategist, UPDATE 1-UK says Ukraine forces under increasingly severe pressure defending Bakhmut, Ukraine Latest: Russian Defense Chief Makes Rare Visit to Troops. 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. GCP is focused on uncovering advantaged opportunities in logistics real. Find More Contacts for GLP Capital Partners. 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. We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. Hong Kong SAR. 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 As part of our work in the clean fuel space, we formed an interdisciplinary team to research and evaluate hydrogen mobility supply and distribution opportunities. GLP CAPITAL PARTNERS, INC. ( CRD # 304917/SEC#:801-117132 ) GLP CAPITAL PARTNERS LP, GLP CAPITAL PARTNERS, INC. View latest Form ADV filed Part 2 Brochures. The fund was oversubscribed at its hard-cap at $1.5 billion, thus making it the the largest self-storage vehicle ever raised. 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. View contacts for GLP Capital Partners to access new leads and connect with decision-makers. Looking at expenses. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. Learn more in our Cookie Policy. All Rights Reserved. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. EFFECTIVE DATE; SEC: DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. G7 currently serves more than 60,000 customers with more than 1.5 million connected vehicles in China and is committed to developing an open ecosystem that connects vehicles, logistic infrastructure and financial institutions. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. 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. All Rights Reserved. 10x easier to find good investments Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . We operate across Asia, Europe, and the Americas. As General Counsel & Chief Administrative Officer I sit on the GLP Europe management team and am responsible for all legal, compliance, regulatory, risk management and governance matters in Europe, as well as Marketing & Communications. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). 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. 304917 | California | Last Form ADV Filed on 26 Aug 2022 | Registration: SEC Summary Details Identifying Information CRD No. 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. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. GLP is a privately owned company incorporated in Singapore. 2023 PitchBook. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. Brandywine Realty Trust. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. 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 This documentary-style series follows investigative journalists as they uncover the truth. Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. Tower Research Capital LLC TRC decreased its holdings in shares of Global Partners LP (NYSE:GLP Get Rating) by 17.9% during the 3rd quarter, Holdings Channel.com reports. Copyright 2020 GLP. We now offer renewable products at half of our 22 owned or controlled terminals. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. He received his Bachelor of Science in Finance from Indiana University School of Business. 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. GLP Capital Partners Oct 2021 - Present 1 year 5 months. This special Bloomberg program highlights the event's biggest interviews and news makers. Angel, Fund of Funds, Venture Capital), General contact email for the organization. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Markets never sleep, and neither does Bloomberg. Gregory Hanson: Thank you, Eric, and good morning, everyone. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. 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. Global Partners had a return [] 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. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. 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. As we continue to invest in optimizing our sites with an eye towards sustainability, we know that the drivers of tomorrow will have different expectations and needs than the drivers of today. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. GLP Capital Partners has announced a final close for GCP SecureSpace Property Partners. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. You can update your choices at any time in your settings. With that, now let me turn the call over to Greg for his financial review. 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. 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. Thrilled indeed! 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. No need to worry, says Felipe Villarroel. Our ability to attract top talent and focus on developing their skills supports our global growth and helps the company expand beyond what it is today. We continue to manage our balance sheet prudently. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. 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. GLP is dedicated to incubating innovative technologies that enhance our businesses and assets by making them smarter and more efficient, GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. 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. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. 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. Purchased by MetLife Investment Management LLC. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. The Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! It is the largest fleet management platform in Asia and provides IoT and AI-enabled fleet management and other services to empower logistics companies. 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. December 08, 2021 05:30 PM. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. GLP Capital Partners IV is a real estate value added fund managed by GCP. Institutional investors and hedge funds own 28.40% of the companys stock. Property Logistics Specialist GLP Plans IPO for Investment Arm - WSJ News Corp is a global, diversified media and information services company focused on creating and distributing authoritative. 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. SEC / JURISDICTION. Our combined global experience and expertise allow us to build businesses create value for our partners 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). What does this mean for CRE professionals? Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. Now, Greg, Mark and I will be happy to take your questions. http://ow.ly/x8QN50MJ7X4 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. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. 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). Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. GLP Capital Partners. 617-542-5300 GLP@investorrelations.com Turning to the Commercial segment. We are thrilled to have learned from the creativity of these bright minds. 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. Singapore. 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. People and culture are core to GLPs business and its global success. Watch our brand video 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. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. Achieved total IT load capacity of ~1,400 MW in China. GLPs strategic investment partnership with CMC expands our investment scope further into infrastructure, finance and private equity and enables both partners to leverage each others network of domestic and international investors to collaborate on the development of new funds. GDSO product margin was up $46.1 million in the quarter to $223.2 million. 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. 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. Corporate Finance & Alternative Asset Investment. 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 GLP Capital Partners Scores $64M Construction Loan For Doral Logistics Project As demand outpaces supply in South Florida's industrial market, GLP Capital Partners scored a $64.2 million construction loan for a new logistics park in Doral, The Real Deal has learned. GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners 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. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. 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. GLP reorganises global fund management platform to form GLP Capital Partners. #partnership#privateequity#fundraising. Exclusive discounts on ALM and GlobeSt events. The company was formerly listed on SGX-ST between 2010 to 2018. 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. 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. Selected profiles of other Operating Partners are also shown below. Very nice, congratulations on your and GLP's success, Alan.