Performance in our private equity business has been excellent, and the release of pent-up demand and debottlenecking of supply chains should contribute to even stronger results. The fund became fully invested during 2012. As a result, we should be able to grow the value of our businesses coming out of this recession, while working towards narrowing the gap between the intrinsic value and the trading price of a Brookfield share. GIP's global renewables portfolio includes solar, wind, hydro, and battery storage assets representing 18 GW of operating and construction capacity, royalty interests in over 21 GW of operating renewable projects, and over 120 GW of assets in development. The firm's first investment was announced in October 2006. On a go-forward basis, annualized asset management revenues, including carry, are now running at $7.8 billion, and we are launching new funds across all our strategieswhich means that 2022 is off to a good start. GIP's Credit business manages over $4 billion across three Funds: GIP Capital Solutions I and GIP Capital Solutions II and GIP Spectrum. We target infrastructure businesses and assets in energy, transportation, digital, water and waste sectors where we believe our expertise and relationships provide a competitive advantage. For enquiries regarding share transfers, changes of address, dividend cheques and lost share certificates, please contact: Shareholder correspondence should be mailed to: While most property fundamentals were largely unaffected as leases were in place and there were few bankruptcies this down-cycle, leasing and capital markets activities for virtually all assets ground to a halt for a period of time. It is quite possible that one-third of our business could be in these markets one day. View our InfraCompass Resources for sustainable infrastructure Box 7021 1 0 obj This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. AP WIP Investments, LLC - December 31 2019 and 2018 Audited Financial Statements. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030, with the objective of being among the world's top 5 producers of electricity from wind and solar energy. Register now to read this article and more for free. Our business today is vast, and we have earned strong returns on every investment. Japan is becoming more interesting all the time and we continue to increase our presence there. Key deals include CyrusOne, a global developer and operator . 617-542-5300 [email protected] This was an almost 50% increase compared with 2020, and all parts of our business contributed to the strong results. Tel:416-956-5129 [*8[28Agpn" The companies in GIPs equity portfolios have combined annual revenues greater than $80 billion and employ approximately 100,000 people. Our renewable power and infrastructure businesses have been resilient over the last two years, delivering consistent, steady growth. Global Infrastructure Partners (GIP) is a leading global independent infrastructure fund manager. With the closing of the American National deal expected before the end of the second quarter, our insurance operations will now be heading towards $50 billion of assets. Oxford Economics has also relied on insights and knowledge developed from earlier research into infrastructure spending undertaken in conjunction with PwC. These new-build opportunities will provide a steady flow of investment for this Fund, and they have already begun for us with partners including Amazon, Enbridge and Scotiabank. Select a region to view its investment forecasts. Our disciplined, well-established approach to investing reflects our over 100-year history as an owner and operator. 3 0 obj In January 2019, Stonepeak realized its investment in Dominion. All rights reserved. Leveraging our operating experience, we invest in key sectors across renewable power & transition, infrastructure, private equity, real estate, and credit & insurance. Select a country to view its investment forecasts. We specialize in infrastructure and real assets, investing capital on behalf of pension funds, endowments and other large institutions from around the world. In addition, as our reinsurance and investment operations grow, separating a part of the Manager might make sense in order to allow investors who only want exposure to the Manager, to own a separate security. The investment required to accomplish this is in the tens of trillions of dollars. Select a sector to view its investment forecasts. When typing in this field, a list of search results will appear and be automatically updated as you type. In total as of 2018, its portfolio companies employ approximately 21,000 people. (781) 894-8800, Sean T. Geary GIP announced the sale of the asset in February 2016 for a significant multiple of its acquisition price. This should help us achieve strong returns in the future. This investment cycle is just getting started, and we see a meaningful opportunity for investment in the years to come. It is therefore equally important to go where the emissions are and provide capital to convert a coal-based utility or a carbon-intensive industrial business. Get the full list, Youre viewing 5 of 42 exits. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. A verification email is on its way to you. We raised $71 billion of capital during the year. We continue to grow our Asia Pacific business at a faster pace than any other region. The firm seeks to invest in core and core-plus infrastructure opportunities in the energy, transportation, and water and waste sectors. Global Infrastructure Partners A leading global, independent infrastructure fund manager. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. This, together with the added benefit of having the longest duration of annuity-like cash flows of any asset manager, means that it could now simply be separated from our capital. At Global Partners LP, we promise to treat your data with respect and will not share your information with any third party. https://www.businesswire.com/news/home/20220228005904/en/, Gregory B. Hanson Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. And despite some setbacks with a new variant appearing in December, these are passing as we write. Performance in our asset management business was very strong, resulting in total Distributable Earnings of $6.3 billion for the year. Since 2018, the GI Hub has transformed from a start-up entity to a small, strong, and nimble organisation that is a central source of knowledge on leading practice, innovation, and market trends for the infrastructure community as well as being a respected G20 advisor and participant. We recognize that generating attractive returns often requires seeking out assets, businesses, markets and sectors that are out of favor or experiencing periods of distress. (Shair and Partners) Infrastructure Engineering, Building Engineering and Architecture in the Middle East and Africa . Toronto, ON We take a conservative approach to the use of leverage, ensuring that we can preserve capital across all business cycles. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people. We remain committed to being a world-class asset manager, and to investing capital for you and the rest of our investment partners in high-quality assets that earn solid cash returns on equity, while emphasizing downside protection for the capital employed. 2023 PitchBook. We also have a number of industrial businesses. View source version on businesswire.com: As a result, this should become a very large business for us. But for new investors who do not know us as well, this can be more time-consuming to understand. KKR closed the largest infrastructure fund of 2022 on $17 billion, as well as a further $5.5 billion for its second dedicated Asia strategy, the biggest pool of capital raised in the region. The main goal of our investments is to assist and accelerate the transition to net zero. Its portfolio consists of about a dozen companies, most of which are located in North America and the UK. GIP manages c. US $81 billion for its investors. In addition, our asset management business, started only 25 years ago, would not have been mature enough to consider separating it from our capital. While the fund distribution market in China is small today on a relative basis, we believe that in the long run, it could become meaningful to us. The second type of opportunity focuses on providing capital to industrial companies to enable them to decarbonize their operations. We are at the start of a new era with a market leading fund and strategy that we believe will be very attractive for investment over a long period of time. North America:1-866-989-0311 Overall performance across our operating businesses continues to strengthen, as we remain well positioned around the economic recovery and own many inflation-linked assets that benefit from economic growth. Total forecast infrastructure investment gaps. Infrastructure Partners Fund I and its affiliated vehicles (collectively, "Fund I") and Global Infrastructure Partners Fund III and its affiliated vehicles (collectively, "Fund III") provided that certain portfolio company fees paid to Global and its affiliates were subject to an offset against fund-level management fees. We held a final close for our growth equity fund for over $500 million and expect to launch the next vintage in the first half of 2022. GIP has 10 offices around the world with major hubs in New York, Stamford, London, Sydney, Hong Kong and Mumbai. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Our operations are highly geared to the economic recovery. Contact Information Website www.global-infra.com Year Founded 2006 Investor Status Please always remember that compounding reasonable returns over long periods of time is an incredible miracle of finance. Distributable earnings for the full year were a record $6.3 billion. Global Infrastructure Outlook was first released in July covering 50 major countries around the world. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> We are a premier global alternative asset manager with approximately $690 billion of assets under management. Global Infrastructure Partners operates as an investment company. We just committed to buying two life science developersone in the U.S. and one in the U.K., and are building out industrial logistics across the U.S., France, Germany, Italy, Poland, China, Korea, Japan, Brazil and Australia. WALTHAM, Mass.--(BUSINESS WIRE)-- Forecasts of the investment required to meet the UN Sustainable Development Goals for universal access to electricity, water and sanitation are calculated for low and middle income countries where access is currently less than 100 percent. Click here. The firm's focus on healthy, sustainable, socially equitable architecture has made it a global leader in areas as diverse as healthcare, science and technology, education, workplace . Please confirm you would like to remove this article from your saved articles. You must click the activation link in order to complete your subscription. We began operations in Beijing in January 2016 and have since grown to 106 approved members worldwide. By continuing to browse this site, you agree to this use. 2 0 obj We believe that the local presence and technology prowess of Sequoia, and our experience in property and infrastructure, will create a powerful combination for Chinese entrepreneurs as they build out their operations. In an inflationary environment, backbone real assets, private credit and transition-focused investments are where you want to be invested. If we can close the gap between share price and intrinsic value, a current stock owner will out-earn the underlying performance of the business. SunPower is the second largest residential solar company in the U.S., providing customers with fully integrated solar, storage, home energy and financing solutions. This is a profile preview from the PitchBook Platform. This gives us critical mass and the regulatory licenses to continue assisting our insurance clients in many ways. The areas of the property markets that have exhibited value investment characteristics (primarily office and retail) have been incredible places to acquire assets at a steep discount over the past two years, as there have been very few competitive buyers. It didnt always feel that way, but according to the data, it was. In total, we received $2.2 billion during the year and we expect this to continue increasing in line with the growth in the underlying businesses. We have some great partners in the country and are looking to raise RMB-denominated capital. We pursue investment strategies on behalf of like-minded investors, focusing on delivering strong, consistent performance over the long term. A hard copy of the Partnerships complete audited financial statements also can be obtained free of charge by contacting the Global Partners Investor Relations department at (857) 383-2409 or emailing [email protected]. It illustrates our priority to accelerate the transformation of the company to become a sustainable and profitable multi-energy company", said Patrick Pouyann, Chairman and CEO of TotalEnergies. Brookfields investment activities are anchored by a set of core tenets that guide our decision-making and determine how we measure success: OF ASSORTED ASSETS IN CHINA SUCH AS WIND & SOLAR PROJECTS, OF SIGNATURE MIXED-USE SPACE IFC SEOUL, SOUTH KOREA, Evolving to offer the best of both worlds, Operate our business and conduct our relationships with integrity, Attract and retain high-caliber individuals who will grow with us over the long term, Ensure that our people think and act like owners in all their decisions, Treat our investor and shareholder capital like its our own, Embed strong ESG practices throughout our operations to help ensure that our business model is sustainable, Acquire high-quality assets and businesses, Invest on a value basis, with the goal of maximizing return on capital, Enhance the value of investments through our operating expertise, Build sustainable cash flows to provide certainty, reduce risk and lower our cost of capital, Evaluate total return on capital over the long term, Encourage calculated risks, measuring them against potential returns, Sacrifice short-term profit, if necessary, to achieve long-term capital appreciation, Seek profitability rather than growthsize does not necessarily add value. Today, this portfolio could likely be sold for double our purchase price. We recently created a partnership with Sequoia Capital China to invest in new economy infrastructure. To explore Global Infrastructure Partnerss full profile, request access. Performance in the stock market was exceptional; a 48% market return (the gain on our stock in 2021) does not happen very often. NEW YORK, May 25, 2022 /PRNewswire/ -- Global Infrastructure Partners (GIP) and TotalEnergies have formed a strategic partnership to advance their commitment to the U.S. renewable energy sector. In total, our business now accounts for $13 billion of assets across wind and solar projects, distributed electricity generation, office, industrial warehouse, retail and mixed-use projects, multi-family residential, and industrial businesses. As a result, we embed these principles into all our activitiesincluding our investment processand conduct our business in a sustainable and ethical manner. This latest round of funds was not only larger, but was raised more quickly than expected. Irrespective of global macro issues, which always arise, we own an incredible portfolio of real assets and businesses which provide both strong cash flow and inflation protection. Cautionary NoteThis press release, from which no legal consequences may be drawn, is for information purposes only. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. Lucy Chadwick joined GIP in 2019 with over 30 years of transport industry and government experience. We focus on value creation and capital preservation, investing in high-quality assets and businesses within our areas of expertise. 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