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Live market coverage co-anchored from Hong Kong and New York. 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. GLPGCP GLP Capital Partners ""46 1250 . 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. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. Global Fund Management, Capital Raising & Investor Relations. In our gasoline distribution and GDSO segment, we continued to benefit from higher retail fuel margins and increased activity in our convenience markets in part as a result of our recent acquisitions. Our combined investing and operating expertise allows us to create value for our customers and investors. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. You can update your choices at any time in your settings. #GCP #GLP The fund is based in Santa Monica, California and invests in North America. Win whats next. To date, the group has secured more than $800,000 in grants to deploy DCFC EV charging stations at six of our locations and has developed a spec for DCFC stations at new Alltown Fresh locations. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Selected profiles of other Operating Partners are also shown below. GLP Capital Partners has announced a final close for GCP SecureSpace Property Partners. Solartility platform leases panels, storage batteries and bi-directional meters. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. All Rights Reserved. On the EV front, our sustainability group welcomed and electric innovation strategist to evaluate, educate and guide our strategy in the electric space, including electric vehicle and charger market. Boardwalk Real Estate Investment Trust. How is GLP related to GLP Capital Partners? By Francisco Alvarado. All Rights Reserved. Luxembourg Alter Domus 2 ans 9 mois . 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. 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. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. 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. 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. For the full year, DCF was $413.4 million compared with $120.7 million in '21. 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. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. 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. Shares of NYSE GLP opened at $34.99 on Friday. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. To explore GLP Capital Partners IVs full profile, request access. GLP is a privately owned company incorporated in Singapore. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. 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 adviser's REGISTRATION status is listed below. Institutional investors and hedge funds own 28.40% of the companys stock. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. 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. Founded as a logistics real estate owner, developer and operator, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. 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. 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. How long this might continue is impossible to say at the moment. 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. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. Hong Kong SAR. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. 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. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. View contacts for GLP Capital Partners to access new leads and connect with decision-makers. 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. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. The companies it has invested in include airCloset, TELEXISTENCE, Rapyuta Robotics, SmartDrive, souco, and more. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). Under his leadership and vision, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach to growth and value creation and has since expanded into adjacent sectors and new markets. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. Is Global Partners LP (GLP) . 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. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. The top 5 finals presented their entries and an awards presentation in November. GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. It specializes in acquisitions, development, operations, technology, and e-commerce. #partnership#privateequity#fundraising. I manage the legals on acquisitions, dispositions . The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . 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. 13 min read. Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Chief Operating Officer at GLP Capital Partners Englewood, Colorado, United States 1K followers 500+ connections Join to connect GLP Capital Partners (GCP) Activity Congratulations Karolina. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. For full year 2022, interest expense increased $1.2 million to $81.3 million. Passionate about delivering on HR principles of attracting, developing, and retaining talent. The company was formerly listed on SGX-ST between 2010 to 2018. This information is available in the PitchBook Platform. 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 We now offer renewable products at half of our 22 owned or controlled terminals. 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. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. 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. GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. Markets never sleep, and neither does Bloomberg. Thank you for joining us. Sign in or Register Sign in / Register Database LP search GP search Looking at our upcoming Investor Relations calendar. Join to view profile GLP Capital Partners . What does this mean for CRE professionals? GLP is the largest shareholder of GLP Capital Partners. Operator? The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Find More Contacts for GLP Capital Partners. Today's call will include forward-looking statements within the meaning of Federal securities laws. 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 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. To learn more about GLP Capital Partners, visit www.gcp.com. 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. GLP Capital Partners LP operates as an investment management company. This is a profile preview from the PitchBook Platform. 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. This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. 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. 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. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. It provides software as a service (SaaS) products for logistics and invests in tech companies that create value for customers through the logistics ecosystem in Japan. 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. At over $2.3 billion the fund, GLP . Sean Geary: Good morning. Mar 2023 - Present1 month. All content is posted anonymously by employees working at GL Capital Partners. Now let me turn the call back to Eric for closing comments. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. We believe these assumptions are reasonable given currently available information. 10x harder to hold good investments, Managing Director, Head of GC&SEA&Australia, We are thrilled to collaborate with Crow Holdings, a US-based real estate investment manager. The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. 10x easier to research good investments The segment's performance for both periods was driven largely by an increase in bunkering activity. Sep 2022 - Present7 months. Any material comments concerning future results of operations will be communicated through news releases, publicly announced conference calls or other means that will constitute public disclosure for the purposes of Regulation FD. GDSO product margin was up $46.1 million in the quarter to $223.2 million. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, What Led to Europes Deadliest Train Crash in a Decade, This Week in Crypto: Ukraine War, Marathon Digital, FTX. 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. Bloomberg Daybreak Asia. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. Global Partners had a return [] Global Partners LP (NYSE: GLP) Q4 2022 Earnings Call Transcript February 27, 2023. 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 distribution was paid on February 14 to unitholders of record as of the close of business on February 8. GCP is focused on uncovering advantaged opportunities in logistics real estate, self-storage and related technologies. GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. 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. Happy to be at the ETF conference in Miami sharing our story! #GCP #GLP, Very exciting to be managingthis ETF! Copyright 2020 GLP. Want to see what other hedge funds are holding GLP? Copyright 2020 GLP. December 08, 2021 05:30 PM. Ming co-founded Eastern Bell Venture Capital and sits on various public and private boards. 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. Today's call is being recorded. 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. 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 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. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . 304917 Latest Filing 26 Aug 2022 SEC No. 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. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. It operates through the following business segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. All Rights Reserved. 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. Exclusive discounts on ALM and GlobeSt events. The increases were largely associated with our GDSO operations, including our recent acquisitions, reflecting higher credit card fees related to increases in volume and price, higher salary and rent expenses, partially due to greater activity at our stores and increases in our environmental reserve and maintenance and repair expenses. The fund focuses on logistics asset class. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. Please go ahead, sir. The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. Turning to our segment details. Copyright 2020 GLP. 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. 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 of GCP has closed what it says is the largest discretionary closed-end fund focused on North American logistics real estate ever raised. The value-add fund will invest into the logistics sector. Several other hedge funds have also made changes to their positions in GLP. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). 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. 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. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. GCP is focused on uncovering advantaged opportunities in logistics real. 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. He received his Bachelor of Science in Finance from Indiana University School of Business. REGISTRATION STATUS. AvalonBay Communities. UBS Group AG now owns 70,415 shares of the energy companys stock valued at $1,655,000 after buying an additional 53,964 shares during the last quarter. 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. 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. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. 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. 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. GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). With all of the SEC rule proposals, the expansion of the proxy voting regime flew under the radar a bit. 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. Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. The company announced the . With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. We are excited to work together on their flagship strategy! Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. 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. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? Now, Greg, Mark and I will be happy to take your questions. http://ow.ly/x8QN50MJ7X4 We are thrilled to have learned from the creativity of these bright minds. 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. Watch our brand video We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. 10x easier to find good investments 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. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz Corporate Finance & Alternative Asset Investment. 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. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. We continue to manage our balance sheet prudently. Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. 2023 PitchBook. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. 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. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. Read more about GLP Capital Partners. Station operations, including station operations product margin, which includes convenience store and prepared food sales, sundries and rental income, rose $9.9 million to $67.2 million from the fourth quarter of 2021. 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. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. The entity was formed on January 15, 2020 in the jurisdiction of Delaware. 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 For those of you who are participating, we look forward to meeting with you. 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. Arlington Asset Investment. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers.