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With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. 13 min read. As Eric noted, diligent planning, effective fuel inventory management and solid execution by the entire team, allowed us to have continued strong performance in the fourth quarter of 2022, closing out a very strong year for the Partnership, highlighted by healthy margin contributions from all three segments of our business. 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. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. 61,368 Shares in Zeta Global Holdings Corp. Our combined investing and operating expertise allows us to create value for our customers and investors. This is a profile preview from the PitchBook Platform. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. 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 . As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. View contacts for GLP Capital Partners to access new leads and connect with decision-makers. 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. 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. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. Looking at our upcoming Investor Relations calendar. Singapore. Now let me turn the call back to Eric for closing comments. We are excited to work together on their flagship strategy! #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. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . Sovereign Investor Leadership Conference March 2023 Menu 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 Private Capital Chugged Along Better Than Institutional Money Last Year, A Closer Look at H2s Investment Sales Drubbing, Calgary Startup Offers Wholesale Renewable Power to Homeowners, Unlimited access to GlobeSt and other free ALM publications, Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications, 1 free article* every 30 days across the ALM subscription network, Exclusive discounts on ALM events and publications. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Sep 2022 - Present7 months. GLP Capital Partners has raised $2.3 billion for its logistics property fund, exceeding its goal in a sector that gained strength throughout the pandemic and remains hot. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. Excluding the net gain on the sale of assets, TTM distribution coverage was 2.8x or 2.6x after factoring in distributions to our preferred unitholders. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. We operate across Asia, Europe, and the Americas. 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. The fund targets logistics sector. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. 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. 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. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. 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. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. Global Fund Management, Capital Raising & Investor Relations. GDSO product margin was up $46.1 million in the quarter to $223.2 million. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. Can it be just a desire to be a "member of the club?" Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. Boston Properties. 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. Ming co-founded Eastern Bell Venture Capital and sits on various public and private boards. The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. #1400 At over $2.3 billion the fund, GLP . You can update your choices at any time in your settings. Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. 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 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. Join to view profile GLP Capital Partners . 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. Win whats next. For more information on GLPs ESG efforts, visit: glp.com/global/impact. AvalonBay Communities. December 08, 2021 05:30 PM. 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 Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. Now, Greg, Mark and I will be happy to take your questions. GLP Capital Partners is the exclusive investment and asset manager of GLP. 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. Overnight on Wall Street is daytime in Asia. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. 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. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. Hear the latest economic, business and market news, as well as global, national, and local news. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. GLP Capital Partners. Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. By Francisco Alvarado. 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. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. 10x easier to research good investments For full year 2023, we expect maintenance capital expenditures in the range of $50 million to $60 million; and expansion capital expenditures, excluding acquisitions, in the range of $55 to $65 million, relating primarily to investments in our gasoline station business. This special Bloomberg program highlights the event's biggest interviews and news makers. This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. Private Equity | GLP Investing in established and growth-stage businesses. 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. 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. 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. During the same quarter in the previous year, the company earned $0.44 earnings per share. The fund was oversubscribed at its hard-cap at $1.5 billion, thus making it the the largest self-storage vehicle ever raised. 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. Please go ahead, sir. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. Institutional investors and hedge funds own 28.40% of the companys stock. Find More Contacts for GLP Capital Partners. 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. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. 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. 2023 PitchBook. How long this might continue is impossible to say at the moment. GCP is focused on uncovering advantaged opportunities in logistics real. | Learn more about Melissa Ava Marshall MCIPD's . 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. For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. Bloomberg Daybreak Asia. We are thrilled to have learned from the creativity of these bright minds. Select Accept to consent or Reject to decline non-essential cookies for this use. 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. GLP Capital Partners is a global investment manager that focuses on logistics facilities and logistics-related operating companies. Eric Slifka: Thank you, Sean, and good morning, everyone. 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. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners The value-add fund will invest into the logistics sector. The entity was formed on January 15, 2020 in the jurisdiction of Delaware. Our team successfully navigated through these challenges. Achieved total IT load capacity of ~1,400 MW in China. 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 StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. People and culture are core to GLPs business and its global success. 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. Sean Geary: Good morning. Receive News & Ratings for Global Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Partners and related companies with MarketBeat.com's FREE daily email newsletter. GLP Capital Partners IV is a real estate value added fund managed by GCP. GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. 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. 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 is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. 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. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). 617-542-5300 GLP@investorrelations.com 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. It specializes in acquisitions, development, operations, technology, and e-commerce. Your article was successfully shared with the contacts you provided. For the full year, Commercial segment product margin increased $25.4 million to $41 million. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. The company was formerly listed on SGX-ST between 2010 to 2018. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. Covering Brazil, Vietnam & PE funds. 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. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure 304917 Latest Filing 26 Aug 2022 SEC No. GLP reorganises global fund management platform to form GLP Capital Partners. Today's call will include forward-looking statements within the meaning of Federal securities laws. The energy company reported $1.54 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $1.40 by $0.14. Our assumptions and future performance are subject to a wide range of business risks uncertainties and factors, which are described in our filings with the Securities and Exchange Commission, which could cause actual results to differ materially from the Partnership's historical experience and present expectations or projections. Many thanks to Emerge CM. The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. 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. There are Four Different NOIs in a CRE Deal. 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.