Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. 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. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. Read more about GLP Capital Partners. REGISTRATION STATUS . The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. Gregory Hanson: Thank you, Eric, and good morning, everyone. Looking at our upcoming Investor Relations calendar. 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. GLP Capital Partners (GCP) is planning to raise $2bn (1.6bn) for its value-add US industrial fund GLP Capital Partners IV, according to sources. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. 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. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 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. GLP Capital Partners, led by Alan Yang, former chief investment officer of Singaporean. 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. Want to see what other hedge funds are holding GLP? GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Turning to our segment details. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. 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. 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. GLP is the largest shareholder of GLP Capital Partners. Ming Mei is co-Founder and CEO of GLP. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. 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. The value-add fund will invest into the logistics sector. Brixmor Property Group. Watch below as Catherine discusses the Emerge EMPWR program as a stepping stone for other women in the industry.This program will be a role model for future female portfolio managers. 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). Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. There are Four Different NOIs in a CRE Deal. 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. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Corporate Finance & Alternative Asset Investment. Can it be just a desire to be a "member of the club?" 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. GLPGCP GLP Capital Partners ""46 1250 . Find More Contacts for GLP Capital Partners. We also have offices in Singapore and Hong Kong. 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. 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. Our combined global experience and expertise allow us to build businesses create value for our partners 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. 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. 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. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. December 08, 2021 05:30 PM. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. GLP Capital Partners of GCP has closed what it says is the largest discretionary closed-end fund focused on North American logistics real estate ever raised. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. All Rights Reserved. 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. Copyright 2020 GLP. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Strategic Partners 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. The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. The gasoline distribution contribution to product margin was up $36.2 million to $155.9 million, primarily due to higher fuel margin and an increase in volumes sold, partially due to our recent acquisitions. 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. Several other hedge funds have also made changes to their positions in GLP. Eric Slifka: Thank you, Greg. Is Global Partners LP (GLP) . As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. 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. 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 . This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. Luxembourg, Luxembourg Financial Accountant GLP Capital Partners mai 2020 - oct. 2021 1 an 6 mois. 10x easier to find good investments We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. The top 5 finals presented their entries and an awards presentation in November. At over $2.3 billion the fund, GLP . Monoful is the business development arm of GLP Japan. This consists of $153.4 million under our $1.1 billion working capital revolving credit facility and $99 million under our $450 million revolving credit facility at 12/31/22. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. 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. GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. Eric Slifka: Thank you, Sean, and good morning, everyone. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. The fund was oversubscribed at its hard-cap at $1.5 billion, thus making it the the largest self-storage vehicle ever raised. Covering Brazil, Vietnam & PE funds. This special Bloomberg program highlights the event's biggest interviews and news makers. To explore GLP Capital Partners IVs full profile, request access. I manage the legals on acquisitions, dispositions . 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. 304917 Latest Filing 26 Aug 2022 SEC No. GCP also invests in logistics technology companies from seed to growth equity stages. 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. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. 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. Select Accept to consent or Reject to decline non-essential cookies for this use. The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. Operating Partners Bespoke has over 75 Operating Partners who support the firm by assisting with opportunity identification, due diligence, building a value creation plan and investment oversight. 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. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. We continue to have ample excess capacity in our credit facility. 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. 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. 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. For more information on GLPs ESG efforts, visit: glp.com/global/impact. Goldman Sachs Group Inc. now owns 193,521 shares of the energy companys stock worth $4,548,000 after acquiring an additional 57,422 shares during the last quarter. GLP Capital Partners has $1.5 billion to spend on North American self-storage properties after holding final closing of its GCP SecureSpace Property Partners fund. Please go ahead, sir. Global Partners had a return [] 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. GCP is focused on uncovering advantaged opportunities in logistics real estate, self-storage and related technologies. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. 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. Brandywine Realty Trust. 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. 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 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? GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. Ming co-founded Eastern Bell Venture Capital and sits on various public and private boards. 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. 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 From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. The Company focuses on providing logistics real estate investment management solutions. Global Partners LP (GLP) Stock Price, News, Quote & History - Yahoo Finance U.S. markets closed Dow Futures -65.00 (-0.39%) Global Partners LP (GLP) NYSE - Nasdaq Real Time Price.. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. Singapore. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. Looking at expenses. Markets never sleep, and neither does Bloomberg. Institutional investors and hedge funds own 28.40% of the companys stock. Brookfield Property Partners. The fund targets logistics sector. We are thrilled to have learned from the creativity of these bright minds. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. Interest expense was $19.7 million in the fourth quarter in both 2022 and 2021. For full year 2022, interest expense increased $1.2 million to $81.3 million. SEC / JURISDICTION. We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. We now offer renewable products at half of our 22 owned or controlled terminals. The companies it has invested in include airCloset, TELEXISTENCE, Rapyuta Robotics, SmartDrive, souco, and more. It specializes in acquisitions, development, operations, technology, and e-commerce. #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. 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. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. GLP Capital Partners LP operates as an investment management company. Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. Live market coverage co-anchored from Hong Kong and New York. #1400 Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. 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. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. Several analysts have weighed in on GLP shares. 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). Happy to be at the ETF conference in Miami sharing our story! View contacts for GLP Capital Partners to access new leads and connect with decision-makers. Posted by MarketBeat News on Mar 3rd, 2023. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure #GCP #GLP, Very exciting to be managingthis ETF! Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in assets under management as of 31 December 2022, is the exclusive investment and asset manager of GLP. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. All Rights Reserved. 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. 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. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. Luxembourg Alter Domus 2 ans 9 mois . 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. Passionate about delivering on HR principles of attracting, developing, and retaining talent. Arlington Asset Investment. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. Copyright 2023 ALM Global, LLC. To continue reading the Q&A session, please click here. Thank you for joining us. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. In addition, in the fourth quarter, we incurred an expense of approximately $7.5 million in connection with an ongoing dispute between us and a landlord at certain of our sites, which we are currently disputing. All Rights Reserved. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. Your article was successfully shared with the contacts you provided. Copyright 2020 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. 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. 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. Who owns GLP? #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. He received his Bachelor of Science in Finance from Indiana University School of Business. 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. Where is GLP located? Bloomberg Daybreak Asia. 10x easier to research good investments It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. 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 All rights reserved. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. Why do investors keep destroying wealth? Global Partners had a net margin of 1.92% and a return on equity of 52.42%. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. Now let me turn the call back to Eric for closing comments. 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. 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 Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. Selected profiles of other Operating Partners are also shown below. Global Partnerss dividend payout ratio is 25.32%. This is a boost from Global Partnerss previous quarterly dividend of $0.63. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. 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. Overnight on Wall Street is daytime in Asia. How is GLP related to GLP Capital Partners? Thrilled indeed! 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC 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. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. #partnership#privateequity#fundraising. Sean Geary: Good morning. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers.
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