How is GLP related to GLP Capital Partners? 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. 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. Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. 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. 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. 13 min read. The Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! 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. http://ow.ly/x8QN50MJ7X4 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. 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 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. For the full year, Commercial segment product margin increased $25.4 million to $41 million. 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. Solartility platform leases panels, storage batteries and bi-directional meters. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. 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. The fund targets logistics sector. 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. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Copyright 2020 GLP. CapEx in the fourth quarter of 2022 was approximately $41 million, consisting of $26.6 million of maintenance CapEx and $14.4 million of expansion CapEx, the majority of which relates to our convenience stores. Retailers faced a wide range of challenges in 2022. 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. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. Sensors track detailed information on trucks, drivers and cargo in real time, thus enabling a real-time view of fleet operations and the flow of goods. This documentary-style series follows investigative journalists as they uncover the truth. GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT GLP CAPITAL PARTNERS, INC. CRD No. To continue reading the Q&A session, please click here. With all of the SEC rule proposals, the expansion of the proxy voting regime flew under the radar a bit. 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. 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. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. Active, Closed, This describes the type of investor this organization is (e.g. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. 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. Global Fund Management, Capital Raising & Investor Relations. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. GLP Capital Partners, led by Alan Yang, former chief investment officer of Singaporean. He received his Bachelor of Science in Finance from Indiana University School of Business. 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. *May exclude premium content REGISTRATION STATUS. 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. Growth Strategy with GLP Group Leveraging GLP Group's expertise in managing logistics facilities to the greatest extent possible, GLP J-REIT will work to maximize unitholder value through our best-in-class (highest level) asset management, which is esteemed in Japan and around the world. Headquarters Location 100 Wilshire Blvd. 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. This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. GLP is the largest shareholder of GLP Capital Partners. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent 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. 304917 Latest Filing 26 Aug 2022 SEC No. 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. 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. 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. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. 304917 | California | Last Form ADV Filed on 26 Aug 2022 | Registration: SEC Summary Details Identifying Information CRD No. Ming Mei is co-Founder and CEO of GLP. 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. To learn more about GLP Capital Partners, visit www.gcp.com. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. 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. GDSO product margin was up $46.1 million in the quarter to $223.2 million. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. The ex-dividend date of this dividend was Tuesday, February 7th. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. #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. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. Selected profiles of other Operating Partners are also shown below. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. Very nice, congratulations on your and GLP's success, Alan. See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. At this time, I'd like to turn the call over to Mr. Geary for opening remarks. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . Now, Greg, Mark and I will be happy to take your questions. 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. View contacts for GLP Capital Partners to access new leads and connect with decision-makers. There are Four Different NOIs in a CRE Deal. Purchased by MetLife Investment Management LLC. Hear the latest economic, business and market news, as well as global, national, and local news. 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 . Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. Brookfield Property Partners. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. 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. 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. Brandywine Realty Trust. We continue to have ample excess capacity in our credit facility. | Learn more about Melissa Ava Marshall MCIPD's . Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Our team successfully navigated through these challenges. People and culture are core to GLPs business and its global success. 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. Corporate Finance & Alternative Asset Investment. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. Thrilled indeed! Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . 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. All rights reserved. Li & Fung is a global leader in creating customized, end-to-end supply chain and logistics solutions to help brands and retailers respond quickly to evolving consumer and production trends. This information is available in the PitchBook Platform. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. 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 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. Achieved total IT load capacity of ~1,400 MW in China. G7 currently serves more than 60,000 customers with more than 1.5 million connected vehicles in China and is committed to developing an open ecosystem that connects vehicles, logistic infrastructure and financial institutions. 10x easier to find good investments #GCP #GLP Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. Mar 2023 - Present1 month. The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. 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. Learn more in our Cookie Policy. 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. #GCP #GLP, Very exciting to be managingthis ETF! Our combined global experience and expertise allow us to build businesses create value for our partners Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. It specializes in acquisitions, development, operations, technology, and e-commerce. The top 5 finals presented their entries and an awards presentation in November. 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. The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. GLP Capital Partners is a global investment manager that focuses on logistics facilities and logistics-related operating companies. This is the GL Capital Partners company profile. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . Many thanks to Emerge CM. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. GLP reorganises global fund management platform to form GLP Capital Partners. Get the full list, Morningstar Institutional Equity Research, Co-Founder, Chief Executive Officer and Senior Managing Director. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. The fund is based in Santa Monica, California and invests in North America. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? Posted by MarketBeat News on Mar 3rd, 2023. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. 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. All Rights Reserved. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Institutional investors and hedge funds own 28.40% of the companys stock. This special Bloomberg program highlights the event's biggest interviews and news makers. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. SG&A expenses increased $23 million in the fourth quarter to $80.8 million. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. 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. 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 The company announced the . 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. Americold. All Rights Reserved. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. GLP Capital Partners is the exclusive investment and asset manager of GLP. #1400 Operator? 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. We also have offices in Singapore and Hong Kong. Global Partners undertakes no obligation to revise or update any forward-looking statements. The companies it has invested in include airCloset, TELEXISTENCE, Rapyuta Robotics, SmartDrive, souco, and more. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. 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! Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. Eric Slifka: Thank you, Sean, and good morning, everyone. December 08, 2021 05:30 PM. Covering Brazil, Vietnam & PE funds. 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. 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. 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 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. Is Global Partners LP (GLP) . SEC / JURISDICTION. Its Time For A Fresh Look At The Kroger Co. West Frasers Earnings Scream Timber, Outlook Says Buy, MarketBeat.com's FREE daily email newsletter. On a full year basis, SG&A was up $50.2 million to $263.1 million. For those of you who are participating, we look forward to meeting with you. Annaly Capital Management. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. At over $2.3 billion the fund, GLP . 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. The value-add fund will invest into the logistics sector. This report is available on our website, and I encourage you to review it. Find More Contacts for GLP Capital Partners. "Institutional investment manager" isn't really what it sounds like: the term comes from 13F filings and includes unregistered and/or non-U.S. managers and even some entities that don't consider themselves managers at all -- the terms includes entities that exercise "investment discretion" over U.S.-listed securities and related options and warrants with an aggregate value of at least USD 100 million. 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. 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. 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. 12 Best Affordable Dividend Stocks to Buy, Stay Informed: Jerome Powells Policy Report & Important Economic Data, What cautious spending means for the US economy: YF Explains, 3 top tips for investors trying to weather the current economic storm: Strategist, UPDATE 1-UK says Ukraine forces under increasingly severe pressure defending Bakhmut, Ukraine Latest: Russian Defense Chief Makes Rare Visit to Troops. Copyright 2023 ALM Global, LLC. GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. 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. All content is posted anonymously by employees working at GL Capital Partners. For companies across our industry and many others, 2022 was a year of significant challenges, including supply chain constraints, steep commodity price volatility, inflation, a tough labor market in the war in Ukraine. Turning to our distribution. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. 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.
Independent Music Awards 2022, Damon Yauney Wife, Articles G