Passionate about delivering on HR principles of attracting, developing, and retaining talent. 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. #GCP #GLP 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. SEC / JURISDICTION. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. Want to see what other hedge funds are holding GLP? 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. Pacific Biosciences of California, Inc. (NASDAQ:PACB) Shares Sold by Shell Asset Management Co. Algoma Steel Group Inc. (NASDAQ:ASTL) Shares Sold by Shell Asset Management Co. New Gold Inc. (NYSEAMERICAN:NGD) Shares Sold by Shell Asset Management Co. http://ow.ly/x8QN50MJ7X4 Interest expense was $19.7 million in the fourth quarter in both 2022 and 2021. This is a profile preview from the PitchBook Platform. Your article was successfully shared with the contacts you provided. Operator: Good day, everyone, and welcome to the Global Partners . Selected profiles of other Operating Partners are also shown below. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. 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. G7 is a technology company backed by GLP. This report is available on our website, and I encourage you to review it. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? 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. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. Read more about GLP Capital Partners. GLP Capital Partners ("GCP") is a US-based real estate investment manager with fully integrated operating platforms focused on logistics real estate and adjacent asset classes. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. As an organization, we have a responsibility to act thoughtfully and sustainably for all of our customers, shareholders, employees and communities. UBS Group AG now owns 70,415 shares of the energy companys stock valued at $1,655,000 after buying an additional 53,964 shares during the last quarter. The Company focuses on providing logistics real estate investment management solutions. GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. GLP Capital Partners LP operates as an investment management 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 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. Next week, Mark and I will be participating in the JPMorgan 2023 Global High Yield and Leverage Finance Conference. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. We continue to manage our balance sheet prudently. GLP Capital Partners is the exclusive investment and asset manager of GLP. What does this mean for CRE professionals? CapEx or the full year 2022 was $106.8 million, consisting of $54.4 million in maintenance CapEx, in line with our guidance of $45 million to $55 million; and expansion CapEx, excluding acquisitions of $52.4 million, in line with our guidance of $50 million to $60 million. Retailers faced a wide range of challenges in 2022. Ming graduated from the Kellogg School of Management at Northwestern University and the School of Business and Management at the Hong Kong University of Science and Technology with a Master of Business Administration. 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. Arlington Asset Investment. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. The fund was oversubscribed at its hard-cap at $1.5 billion, thus making it the the largest self-storage vehicle ever raised. 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. 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. This special Bloomberg program highlights the event's biggest interviews and news makers. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. | Learn more about Melissa Ava Marshall MCIPD's . 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. Following their record-breaking $18.7 billion sale of the GLP U.S. portfolio in 2019, the team launched GCP as an independent investment manager alongside Modlo, its wholly-owned logistics real estate company. 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. Copyright 2020 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. All Rights Reserved. Many thanks to Emerge CM. Sovereign Investor Leadership Conference March 2023 Menu GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. GLP Capital Partners Oct 2021 - Present 1 year 5 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. Solartility platform leases panels, storage batteries and bi-directional meters. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Angel, Fund of Funds, Venture Capital), General contact email for the organization. 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. GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. 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. 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. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Corporate Finance & Alternative Asset Investment. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners 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. 10x easier to research good investments Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . GLP is a privately owned company incorporated in Singapore. 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 SG&A expenses increased $23 million in the fourth quarter to $80.8 million. 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GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. 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. Achieved total IT load capacity of ~1,400 MW in China. Live market coverage co-anchored from Hong Kong and New York. 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. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Americold. 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. People and culture are core to GLPs business and its global success. 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. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. 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. 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. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. 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. Join to view profile GLP Capital Partners . #1400 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 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. 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. The value-add fund will invest into the logistics sector. Today's call will include forward-looking statements within the meaning of Federal securities laws. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. *May exclude premium content Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. Shell Asset Management Co. Reduces Stock Holdings in GXO Logistics, Inc. (NYSE:GXO), Shell Asset Management Co. Decreases Stock Position in Hudbay Minerals Inc. (NYSE:HBM). 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. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. Boardwalk Real Estate Investment Trust. For the full year, Commercial segment product margin increased $25.4 million to $41 million. 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. GDSO product margin was up $46.1 million in the quarter to $223.2 million. 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 increased its position in shares of Global Partners by 334.0% during the second quarter. GLP is the largest shareholder of GLP Capital Partners. Located in Connecticut, Maine, Massachusetts and New Jersey, the terminals have an aggregate storage capacity of approximately 3.9 million barrels in locations that complement our network by making us more competitive in multiple products over a larger geographic base. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. Very excited to be on this journey with GCP! Product margin from other oils and related products increased to $190.1 million for the full year, up $124.7 million from 2022 -- 2021, excuse me, primarily due to more favorable market conditions, largely in distillates. 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. 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. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure Looking at our upcoming Investor Relations calendar. The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. Select Accept to consent or Reject to decline non-essential cookies for this use. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. 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 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. All Rights Reserved. Our combined global experience and expertise allow us to build businesses create value for our partners It specializes in acquisitions, development, operations, technology, and e-commerce. Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. Active, Closed, This describes the type of investor this organization is (e.g. Eric Slifka: Thank you, Sean, and good morning, everyone. Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. The top 5 finals presented their entries and an awards presentation in November. 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. Luxembourg Alter Domus 2 ans 9 mois . Headquarters Location 100 Wilshire Blvd. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. We operate across Asia, Europe, and the Americas. No need to worry, says Felipe Villarroel. Mar 2023 - Present1 month. Learn more in our Cookie Policy. Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. REGISTRATION STATUS. There are Four Different NOIs in a CRE Deal. DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. 304917 | California | Last Form ADV Filed on 26 Aug 2022 | Registration: SEC Summary Details Identifying Information CRD No. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . 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! The fund focuses on logistics asset class. 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. Several other hedge funds have also made changes to their positions in GLP. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. Copyright 2020 GLP. GLP has announced a substantial plan to enter the Japan data center market, with a target of investing more than $12 billion over the next five years to build out 900 MW of power capacity. 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. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. Our combined investing and operating expertise allows us to create value for our customers and investors. 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. 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. 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. This Q4 retail quarterly index report reveals how economic headwinds impacted key retail CRE categories during the critical holiday shopping season, and what their performance tells us about consumer behavior and brick-and-mortar retail in the year ahead. Copyright 2020 GLP. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. 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. 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 increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Who owns GLP? Which One is Best? PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. 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. 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. For full year 2022, interest expense increased $1.2 million to $81.3 million. To learn more about GLP Capital Partners, visit www.gcp.com. Operator? All content is posted anonymously by employees working at GL Capital Partners. #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. Boston Properties. 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. 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 Rights Reserved. We continue to have ample excess capacity in our credit facility. Luxembourg, Luxembourg Financial Accountant GLP Capital Partners mai 2020 - oct. 2021 1 an 6 mois. We also have offices in Singapore and Hong Kong. GLP Capital Partners Inc. (Entity # 20201040294) is a Foreign Corporation in Santa Monica, California registered with the Colorado Department of State (CDOS). 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. Global Partners (NYSE:GLP - Get Rating) posted its earnings results on Monday.