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 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. Consistent with our focus on strategic transactions that strengthen our long-term earnings power, during the year, we closed on over $255 million of retail acquisitions. GLP Capital Partners LP - Company Profile and News - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Technology The only daily news program focused exclusively on technology, innovation and. GCP: Versatile strategy critical to deployment in US logistics - PERE GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners 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 Capital Partners raises $2.3bn for North American logistics fund 617-542-5300 GLP@investorrelations.com GCP is focused on uncovering advantaged opportunities in logistics real. Why do investors keep destroying wealth? PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. 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. StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. 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. Tower Research Capital LLC TRC Raises Stock Holdings in Innoviva, Inc. (NASDAQ:INVA), Tower Research Capital LLC TRC Trims Holdings in SPDR S&P Pharmaceuticals ETF (NYSEARCA:XPH), Get a free copy of the StockNews.com research report on Global Partners (GLP), Hormel Hits 2-Year Low, And The Dip Gets Bought, Heres Why Ross Could Soon Be Hitting All Time Highs. Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. The Company focuses on providing logistics real estate investment management solutions. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP 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. For the full year, Commercial segment product margin increased $25.4 million to $41 million. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. GLP is a privately owned company incorporated in Singapore. 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. Global Partners LP (NYSE:GLP) Shares Sold by Tower Research Capital LLC REGISTRATION STATUS. Private Equity | GLP Investing in established and growth-stage businesses. GLP Capital Partners IV is a real estate value added fund managed by GCP. 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're excited to share the new GLP Capital Partners (GCP) and GLP structure. See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. 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. Our combined investing and operating expertise allows us to create value for our customers and investors. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Several other hedge funds have also made changes to their positions in GLP. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. GLP | LinkedIn What does this mean for CRE professionals? How long this might continue is impossible to say at the moment. GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT 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 is the largest shareholder of GLP Capital Partners. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? 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. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. 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. Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. December 08, 2021 05:30 PM. BNP Paribas Arbitrage SA now owns 76,081 shares of the energy companys stock worth $1,788,000 after acquiring an additional 58,550 shares during the last quarter. It is the largest fleet management platform in Asia and provides IoT and AI-enabled fleet management and other services to empower logistics companies. Want to see what other hedge funds are holding GLP? 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. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Solartility platform leases panels, storage batteries and bi-directional meters. #ABS #CLOs #HighYield, Principal and Director of Research at Buckingham Family of Financial Services, IMO the greatest anomaly in finance is despite horrific performance hedge fund assets have grown about 15x over past 30 years. The value-add fund will invest into the logistics sector. Find More Contacts for GLP Capital Partners. Which One is Best? 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC 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. Watch our brand video Global Fund Management, Capital Raising & Investor Relations. 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. I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: Win whats next. Caution and uncertainty are the popular themes. Purchased by MetLife Investment Management LLC. We also continue to focus on optimizing our terminal network. Many thanks to Emerge CM. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. 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. We operate across Asia, Europe, and the Americas. To explore GLP Capital Partners IVs full profile, request access. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. Learn more in our Cookie Policy. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. Operator? Brandywine Realty Trust. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. #partnership#privateequity#fundraising. Jevin Zhuang - Fund Management Analyst - GLP Capital Partners View contacts for GLP Capital Partners to access new leads and connect with decision-makers. He received his Bachelor of Science in Finance from Indiana University School of Business. Brookfield Property Partners. We continue to manage our balance sheet prudently. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. 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. 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. Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. GLP Capital Partners on LinkedIn: GLP Capital Partners maintains strong Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. glp, 1250 | Iir With that, now let me turn the call over to Greg for his financial review. GLP Capital Partners raises $2.3bn - PERE http://ow.ly/x8QN50MJ7X4 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. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. 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! 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. All Rights Reserved. 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 Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). GLP Capital Partners Inc. 100 Wilshire Boulevard, Suite 940, Santa Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. The fund was oversubscribed at its hard-cap at $1.5 billion, thus making it the the largest self-storage vehicle ever raised. GLP Capital Partners, led by Alan Yang, former chief investment officer of Singaporean. Thrilled indeed! The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. GCP targets $2bn capital raise for new US industrial fund Copyright 2020 GLP. 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. Shares of NYSE GLP opened at $34.99 on Friday. We are thrilled to have learned from the creativity of these bright minds. Operator: Good day, everyone, and welcome to the Global Partners . In December, we entered into a purchase agreement with Gulf Oil Limited partnership to acquire five of Gulf's refined product terminals for approximately $273 million in cash. 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. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. This report is available on our website, and I encourage you to review it. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. Glp Capital Partners LP Company Profile | Santa Monica, CA GLP on LinkedIn: GLP Capital Partners maintains strong fundraising Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. 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. 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 Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. Hong Kong SAR. 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. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . 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. Turning to our distribution. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. Live market coverage co-anchored from Hong Kong and New York. 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. Can it be just a desire to be a "member of the club?" How is GLP related to GLP Capital Partners? I manage the legals on acquisitions, dispositions . At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. 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. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. Sean Geary: Good morning. 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. Global Partnerss dividend payout ratio is 25.32%. Interest expense was $19.7 million in the fourth quarter in both 2022 and 2021. Selected profiles of other Operating Partners are also shown below. Joseph Bohling on LinkedIn: GLP Capital Partners announces new We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. Eric Slifka: Thank you, Sean, and good morning, everyone. Ming co-founded Eastern Bell Venture Capital and sits on various public and private boards. 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. 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 is based in Santa Monica, California and invests in North America. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. 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 Capital Partners LP (GLP Capital Partners) is a Real Estate Company located in Santa Monica, CA United States, North America. 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. Americold. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. 10x easier to research good investments With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Is Global Partners LP (GLP) . Very nice, congratulations on your and GLP's success, Alan. DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. Strategic Partners | GLP 13 min read. Covering Brazil, Vietnam & PE funds. Singapore. GLP Capital Partners. Who owns GLP? Happy to be at the ETF conference in Miami sharing our story! 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 Closes $2.3B Logistics Property Fund 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. Melissa Ava Marshall MCIPD - European HR & Operations - LinkedIn Luxembourg, Luxembourg Financial Accountant GLP Capital Partners mai 2020 - oct. 2021 1 an 6 mois. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Select Accept to consent or Reject to decline non-essential cookies for this use. REGISTRATION STATUS . 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
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