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GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. This report is available on our website, and I encourage you to review it. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. Selected profiles of other Operating Partners are also shown below. GCP is focused on uncovering advantaged opportunities in logistics real estate, self-storage and related technologies. 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. 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. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Fuel margins increased $0.07 per gallon to $0.37 from $0.30 per gallon in the fourth quarter of 2021. During the same quarter in the previous year, the company earned $0.44 earnings per share. 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. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. 304917 | California | Last Form ADV Filed on 26 Aug 2022 | Registration: SEC Summary Details Identifying Information CRD No. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. GCP is focused on uncovering advantaged opportunities in logistics real. To help us understand those needs and envision the fueling infrastructure of the future, we sponsored Fuel of the Future 2030, a student design competition engaging more than 30 teams of undergraduate and graduate students attending schools across nine states. Sign in or Register Sign in / Register Database LP search GP search With all of the SEC rule proposals, the expansion of the proxy voting regime flew under the radar a bit. GLP reorganises global fund management platform to form GLP Capital Partners. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. 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. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . 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. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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. Covering Brazil, Vietnam & PE funds. 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. 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. Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. 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. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. At this time, I'd like to turn the call over to Mr. Geary for opening remarks. 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 company was formerly listed on SGX-ST between 2010 to 2018. 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. 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. 332 followers 329 connections. This is a profile preview from the PitchBook Platform. #partnership#privateequity#fundraising. 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. 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. 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. 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. 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. All Rights Reserved. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. Retailers faced a wide range of challenges in 2022. 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). BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Join to view profile GLP Capital Partners . The Company focuses on providing logistics real estate investment management solutions. 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. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. We continue to manage our balance sheet prudently. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. On a full year basis, SG&A was up $50.2 million to $263.1 million. 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. GLPGCP GLP Capital Partners ""46 1250 . Turning to our distribution. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Turning to the Commercial segment. 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 Many thanks to Emerge CM. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. We believe these assumptions are reasonable given currently available information. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . 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. 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. To learn more about GLP Capital Partners, visit www.gcp.com. TTM distribution coverage as of December 31, 2022, including the onetime special distribution was 3.4x or 3.3x after factoring in distributions to our preferred unitholders. This is a boost from Global Partnerss previous quarterly dividend of $0.63. We are excited to work together on their flagship strategy! 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. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! 2023 PitchBook. 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. This Q4 retail quarterly index report reveals how economic headwinds impacted key retail CRE categories during the critical holiday shopping season, and what their performance tells us about consumer behavior and brick-and-mortar retail in the year ahead. Thrilled indeed! When expanded it provides a list of search options that will switch the search inputs to match the current selection. The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. We now offer renewable products at half of our 22 owned or controlled terminals. The value-add fund will invest into the logistics sector. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. Looking at our upcoming Investor Relations calendar. 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 announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. Global Partnerss dividend payout ratio is 25.32%. GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Today's call is being recorded. 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. Overnight on Wall Street is daytime in Asia. Interest expense was $19.7 million in the fourth quarter in both 2022 and 2021. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Santa Monica, California, United States 1-10 Venture Capital Early Stage Venture www.glpcp.com/ 10,144 Highlights Investments 6 Employee Profiles 5 Contacts 21 Similar Companies 5 Ming Mei is co-Founder and CEO of GLP. Looking at expenses. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. 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. 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. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. Operator? The entity was formed on January 15, 2020 in the jurisdiction of Delaware. Sovereign Investor Leadership Conference March 2023 Menu 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. 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. All Rights Reserved. For the full year, Commercial segment product margin increased $25.4 million to $41 million. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. All Rights Reserved. GCP also invests in logistics technology companies from seed to growth equity stages. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. At over $2.3 billion the fund, GLP . 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. All rights reserved. http://ow.ly/x8QN50MJ7X4 Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). 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. The Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! Luxembourg Alter Domus 2 ans 9 mois . GDSO product margin was up $46.1 million in the quarter to $223.2 million. #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. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. SEC / JURISDICTION. Already have an account? 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. To explore GLP Capital Partners IVs full profile, request access. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. Singapore. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. 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. 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. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. December 08, 2021 05:30 PM. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure With that, now let me turn the call over to Greg for his financial review. 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. GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Passionate about delivering on HR principles of attracting, developing, and retaining talent. 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.