Solartility platform leases panels, storage batteries and bi-directional meters. Delivered first phase of 120 MW data center in Jiangsu Province, China. 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. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. When expanded it provides a list of search options that will switch the search inputs to match the current selection. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. http://ow.ly/x8QN50MJ7X4 Our team successfully navigated through these challenges. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. 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 the full year, DCF was $413.4 million compared with $120.7 million in '21. Read more about GLP Capital Partners. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. How is GLP related to GLP Capital Partners? 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. 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. SG&A expenses increased $23 million in the fourth quarter to $80.8 million. Annaly Capital Management. This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. Tower Research Capital LLC TRC decreased its holdings in shares of Global Partners LP (NYSE:GLP Get Rating) by 17.9% during the 3rd quarter, Holdings Channel.com reports. Singapore. Brixmor Property Group. DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. 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. 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. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. I manage the legals on acquisitions, dispositions . See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 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. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . Live market coverage co-anchored from Hong Kong and New York. 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. Thank you for joining us. 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. All content is posted anonymously by employees working at GL Capital Partners. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. Turning to the Commercial segment. GLP is a privately owned company incorporated in Singapore. Happy to be at the ETF conference in Miami sharing our story! Copyright 2020 GLP. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. 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 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. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . The value-add fund will invest into the logistics sector. GDSO product margin was up $46.1 million in the quarter to $223.2 million. Our combined investing and operating expertise allows us to create value for our customers and investors. Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. Join to view profile GLP Capital Partners . Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. 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. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. 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. GLP Capital Partners (GCP) Jan 2022- Present1 year 2 months New York, New York, United States Investments Director of Investments GLP Capital Partners (GCP) Sep 2018- Dec 20213 years 4 months. All Rights Reserved. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Several other hedge funds have also made changes to their positions in GLP. Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. 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 company was formerly listed on SGX-ST between 2010 to 2018. Many thanks to Emerge CM. Looking at our upcoming Investor Relations calendar. REGISTRATION STATUS . For the full year 2022, wholesale product margin increased $148.8 million to $287.7 million. Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday. This is the GL Capital Partners company profile. At over $2.3 billion the fund, GLP . We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy sectors. 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. GLP Capital Partners, led by Alan Yang, former chief investment officer of Singaporean. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. 304917 Latest Filing 26 Aug 2022 SEC No. GLP Capital Partners LP (GLP Capital Partners) is a Real Estate Company located in Santa Monica, CA United States, North America. 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. 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. 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. Sep 2022 - Present7 months. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. Copyright 2020 GLP. 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. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. 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. 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. 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. Shares of NYSE GLP opened at $34.99 on Friday. GLP has launched a number of initiatives to pursue renewable energy development including rooftop solar on our global logistics real estate portfolio, wind assets and energy storage solutions. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP 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. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. 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. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. GCP also invests in logistics technology companies from seed to growth equity stages. Headquarters Location 100 Wilshire Blvd. Already have an account? 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. The firm owned 11,530 shares of the energy companys stock after selling 2,514 shares during the period. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. SEC / JURISDICTION. 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. The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. This consists of $153.4 million under our $1.1 billion working capital revolving credit facility and $99 million under our $450 million revolving credit facility at 12/31/22. The adviser's REGISTRATION status is listed below. Looking at expenses. Global Partners undertakes no obligation to revise or update any forward-looking statements. 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. We are excited to work together on their flagship strategy! 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. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. 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 EFFECTIVE DATE; SEC: 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. 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! Shell Asset Management Co. Cuts Stock Holdings in Harsco Co. (NYSE:HSC), Shell Asset Management Co. Sells 1,449 Shares of Redwood Trust, Inc. (NYSE:RWT). 10x easier to find good investments 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. Mar 2023 - Present1 month. 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 Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. 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. By Francisco Alvarado. The company announced the . You can update your choices at any time in your settings. 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. 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. 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. Product margin from other oils and related products, which include distillates and residual oil, was up $48.5 million to $59.4 million, primarily due to more favorable market conditions in distillates. We continue to manage our balance sheet prudently. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Now, Greg, Mark and I will be happy to take your questions. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. On a full year basis, SG&A was up $50.2 million to $263.1 million. GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. For the full year, Commercial segment product margin increased $25.4 million to $41 million. GLP Capital Partners. To continue reading the Q&A session, please click here. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). *May exclude premium content Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. Operator? 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. Which One is Best? 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? 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. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. Americold. The segment's performance for both periods was driven largely by an increase in bunkering activity. December 08, 2021 05:30 PM. 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. All Rights Reserved. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. 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. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. 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. Our combined global experience and expertise allow us to build businesses create value for our partners MetLife Investment Management LLC Buys 2,282 Shares of Wabash National Co. MetLife Investment Management LLC Boosts Stake in MannKind Co. MetLife Investment Management LLC Boosts Holdings in 23andMe Holding Co. MetLife Investment Management LLC Raises Stock Holdings in TG Therapeutics, Inc. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. (NASDAQ:KDNY), 61,368 Shares in Zeta Global Holdings Corp. (NASDAQ:ZETA) Purchased by MetLife Investment Management LLC, MetLife Investment Management LLC Buys 2,282 Shares of Wabash National Co. (NYSE:WNC), MetLife Investment Management LLC Boosts Stake in MannKind Co. (NASDAQ:MNKD), MetLife Investment Management LLC Boosts Holdings in 23andMe Holding Co. (NASDAQ:ME), MetLife Investment Management LLC Raises Stock Holdings in TG Therapeutics, Inc. (NASDAQ:TGTX), MetLife Investment Management LLC Has $414,000 Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL), MetLife Investment Management LLC Raises Holdings in Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT), MetLife Investment Management LLC Purchases 7,570 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH), MetLife Investment Management LLC Has $418,000 Holdings in Morphic Holding, Inc. (NASDAQ:MORF), UMH Properties, Inc. (NYSE:UMH) Shares Acquired by MetLife Investment Management LLC, Shell Asset Management Co. Sells 316 Shares of Howmet Aerospace Inc. (NYSE:HWM). Bloomberg Daybreak Asia. 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. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. 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 .
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