Looking at expenses. Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. 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. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. Brookfield Property Partners. Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. #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. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners Industrial & commercial warehouses rental | Available properties | GLP GLP Capital Partners Pulls In $1.5 Billion for Self-Storage Fund The fund was oversubscribed at its hard-cap at $1.5 billion, thus making it the the largest self-storage vehicle ever raised. Headquarters Location 100 Wilshire Blvd. It is the largest fleet management platform in Asia and provides IoT and AI-enabled fleet management and other services to empower logistics companies. GLP Capital Partners raises $2.3bn - PERE GCP is focused on uncovering advantaged opportunities in logistics real estate, self-storage and related technologies. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors Read More GLP Enters Japan's Data Center Market, Targeting 900 MW Power Capacity This report is available on our website, and I encourage you to review it. This is a profile preview from the PitchBook Platform. Active, Closed, This describes the type of investor this organization is (e.g. Purchased by MetLife Investment Management LLC. Posted by MarketBeat News on Mar 3rd, 2023. Several other hedge funds have also made changes to their positions in GLP. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. We now offer renewable products at half of our 22 owned or controlled terminals. 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. You can update your choices at any time in your settings. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. The Company focuses on providing logistics real estate investment management solutions. 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. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. 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. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Watch our brand video GLP Capital Partners IV is a real estate value added fund managed by GCP. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. GLP Capital Partners is a global investment manager that focuses on logistics facilities and logistics-related operating companies. Americold. Corporate Finance & Alternative Asset Investment. Singapore. Select Accept to consent or Reject to decline non-essential cookies for this use. GLP Capital Partners on LinkedIn: GLP Capital Partners announces new The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. 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. Haijin Zeng Terry - VP, Global Digital Transformation - GLP - LinkedIn GLP Capital Partners Inc. 100 Wilshire Boulevard, Suite 940, Santa I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: Mar 2023 - Present1 month. 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. REGISTRATION STATUS. Eric Slifka: Thank you, Sean, and good morning, everyone. United Kingdom - GLP Europe GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). 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. Covering Brazil, Vietnam & PE funds. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. On a full year basis, SG&A was up $50.2 million to $263.1 million. Sep 2022 - Present7 months. 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. Over the years, we have formed multiple partnerships with organizations around the globe to expand our capabilities in logistics, real estate, infrastructure, solar energy, finance, private equity, technology and more. 617-542-5300 GLP@investorrelations.com 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. 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. 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. 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. Private Equity | GLP 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 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. To learn more about GLP Capital Partners, visit www.gcp.com. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. *May exclude premium content Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. Gregory Hanson: Thank you, Eric, and good morning, everyone. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . 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 raises $2.3bn for North American logistics fund We are excited to work together on their flagship strategy! 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. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. Selected profiles of other Operating Partners are also shown below. 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. Sylvia Slaughter on LinkedIn: GLP Capital Partners announces new "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 | LinkedIn Global Partners had a net margin of 1.92% and a return on equity of 52.42%. 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. GLP Capital LP - Company Profile and News - Bloomberg.com 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. 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. GLP Capital Partners IV Profile: Returns & Limited Partners | PitchBook GLP Capital, L.P. Credit Ratings :: Fitch Ratings We also have offices in Singapore and Hong Kong. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. Overnight on Wall Street is daytime in Asia. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. The energy . The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. 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. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. GCP: Versatile strategy critical to deployment in US logistics Having a flexible deployment strategy and an enhanced focus on operations and asset management helps investors navigate an increasingly competitive market, say GLP Capital Partners' Adam Berns and Steve Crowe. Live market coverage co-anchored from Hong Kong and New York. 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. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . Operator: Good day, everyone, and welcome to the Global Partners . 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. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. 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. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. At over $2.3 billion the fund, GLP . 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. With that, now let me turn the call over to Greg for his financial review. Find More Contacts for GLP Capital Partners. GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. Chief Operating Officer - GLP Capital Partners (GCP) - LinkedIn 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. Today's call is being recorded. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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're excited to share the new GLP Capital Partners (GCP) and GLP structure. Laurel Casey - Vice President - Investments - GLP Capital Partners In January, the Board declared a fourth quarter cash distribution of $1.5725 per unit on all of our outstanding common units consisting of a quarterly distribution of $0.6350 per unit, $2.54 per unit on an annualized basis and a onetime special distribution of $0.9375 per common unit. Global Partners LP (GLP) Q4 2022 Earnings Call Transcript Eric Slifka: Thank you, Greg. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. 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. GLP Capital Partners Fund Manager Profile | Preqin Luxembourg Alter Domus 2 ans 9 mois . Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. All Rights Reserved. #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. SG&A expenses increased $23 million in the fourth quarter to $80.8 million. Retailers faced a wide range of challenges in 2022. We continue to manage our balance sheet prudently. All content is posted anonymously by employees working at GL Capital Partners. 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. Glp J-reit Sean Geary: Good morning. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. For more information on GLPs ESG efforts, visit: glp.com/global/impact. 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.