Pure-play managers have been more in vogue across global markets because they are easier to value and have attracted higher multiples. Click here to register, Not for publication, email or dissemination, CapitaLand Investments China data centre fund reaches S$530m close, IIs Fund Formation League Table reveals infras top law firms, IRA tax credits will usher in a new wave of ESG in America, Europeans American dream prompts DC Advisory to launch US infra team, Celebrating excellence: Infrastructure Investor Annual Awards 2022, First-time fortunes for emerging managers. Many of our long-standing shareholders appreciate the true value of our capital base and the benefits it brings to the broader franchise. Dominion Midstream Partners LP (NYSE: DM) is a master limited partnership formed by the investment-grade utility Dominion Resources Inc. to grow a portfolio of natural gas terminaling, processing, storage, transportation, and related assets. Box 7021
You must click the activation link in order to complete your subscription. While to date that capital has been one of our great operating strengths, we sometimes hear that it makes it harder for an investor to value Brookfield, as he or she needs to both put a value on our asset-light business and understand our investments. 2021 ESG Report. 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. Most recently we committed to close our largest transaction to date: the purchase of a public company with an enterprise value of US$13 billion, which owns four utilities in Victoria. Total forecast infrastructure investment gaps. Economies are normalizing as central bank intervention is withdrawn. Clearway owns the fifth largest operating portfolio of non-regulated renewable assets in the U.S. (5.7 GW) and a 22 GW development pipeline and will represent TotalEnergies' largest investment in U.S. renewables to date. We are heading towards $100 billion in total assets across the region and continue to grow in all of Australia, China, Korea, Japan and India. As we move into 2022, markets are strong, but recent volatility has brought some sanity back to areas of the markets that were overvalued. The data from this website is from analysis and modelling by Oxford Economics, who the Global Infrastructure Hub engaged to produce Global Infrastructure Outlook. 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. We then manage these assets and businesses proactively and finance them conservativelywith the goal of generating stable, predictable and growing cash flows for our investors. GIP targets investments in the energy, transport, digital infrastructure, and water/waste sectors in both OECD and select emerging market countries. endobj
A copy of the Annual Report on Form 10-K is available to be viewed or downloaded on the Partnerships website https://ir.globalp.com/financials/sec-filings/default.aspx or from the SECs website at www.sec.gov. Global Partners LP jBz? If we distributed most of our $50 billion of investment capital to shareholders, we could quickly and easily become asset-light. 2021 Dar Group Annual Report. TotalEnergies SE has no liability for their acts or omissions. (a) partner with low- and middle-income countries to finance infrastructure across key sectors that advances the four key priorities critical to sustainable, inclusive growth: climate and energy. 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. Cautionary NoteThis press release, from which no legal consequences may be drawn, is for information purposes only. Please also choose a country and/or region you want to analyse. Both transactions are subject to customary conditions, including receipt of requisite regulatory approvals. GIP's fourth equity Fund, GIP IV, completed fund raising in December 2019, raising $22 billion. "We are extremely pleased to partner with TotalEnergies to continue leading the energy transition in the U.S. We are proud of the growth and accomplishments of the Clearway team since our initial investment in 2018, and we are confident that with TotalEnergies as a partner, Clearway will be able to accelerate the deployment of cost competitive renewable power in the U.S. At the same time, GIP's investment in SunPower is our initial commitment in the distributed generation space, which we believe will provide critical solutions to facilitate the nation's clean energy future. Transfer Agent. (Shair and Partners) Infrastructure Engineering, Building Engineering and Architecture in the Middle East and Africa . The full impact of the pandemic will take years to play out. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Throughout our operations in more than 30 countries on five continents, we are committed to supporting and enhancing the communities in which we operate. An emphasis on diversity and inclusion reinforces our culture of collaboration. Get limited access to our industry news, analysis and data, plus regular email updates. . For more information, visit www.global-infra.com. As of December 2020, Global Infrastructure Partners had aggregate assets under management of approximately US$75 billion, such investments being concentrated in OECD countries. The Global Infrastructure Hub would like to extend our thanks to the peer reviewers from the following organisations who provided a large number of helpful comments and suggestions: Australian Treasury, The Brattle Group, European Bank for Reconstruction and Development, Inter-American Development Bank, International Monetary Fund, and the University of Cape Town. SDG Disclaimer - Includes the additional investment needed for countries that have not yet met the SDGs. Cision Distribution 888-776-0942 3 0 obj
Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. With money available and interest rates low, this is a very constructive environment for good businesses. Global Infrastructure Hub | 15,500 followers on LinkedIn. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. [*8[28Agpn" The fund became fully invested during 2012. Lucy Chadwick joined GIP in 2019 with over 30 years of transport industry and government experience. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. In January 2019, Stonepeak realized its investment in Dominion. Of course, this is in part because it is coming off a smaller base, but also because our operations there continue to build on their successes. 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. At Global Partners LP, we promise to treat your data with respect and will not share your information with any third party. [7] Exceeding what it had initially projected,[8] GIP's third fundGIP IIIcompleted fund raising in January 2017 with approximately $15.8 billion in investor capital commitments. This site uses cookies for analytics. We acquired a lot of real estate early in 2021 and are now successfully unlocking value through the monetization of select assets. We are conservatively positioned, with very substantial liquidity, to continue to capitalize on the vast number of opportunities we see every day. In fact, by midyear the markets were worried about exactly the opposite! GIP also manages several other Funds which focus on investments in infrastructure in other asset classes or target specific regions. Sharon Merrill Associates, Inc.
In undertaking this work Oxford Economics drew on information provided by third parties, upon which Oxford Economics has relied on in good faith. This latest round of funds was not only larger, but was raised more quickly than expected. GDP in every country recovered and the markets quit worrying about deflation or negative interest rates. Global Infrastructure Partners - 2023 All Rights Reserved. The scale of global infrastructure investment demand is enormous, and there is a growing need to replace and expand international infrastructure including all parts of the energy supply chain and a wide array of public services such as roads, railways, airports, and communications networks. Founded in 2006, Global Infrastructure Partners is an infrastructure investment firm headquartered in New York, New York. Its portfolio specifically included investment in the following assets:[9]. Vice President Mergers & Acquisitions Bengaluru Area, India. And we take a long-term view in deploying capitalbut are ready to act decisively when the right opportunities emerge. In 2021, we generated a record $12.4 billion of total net incomecompared with $707 million in 2020. 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. Global Infrastructure Partners (GIP) is an independent fund that invests in infrastructure assets worldwide. Our diversified real estate portfolio allowed us to reap the benefits of the continued reopening across most of our businesses. 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. Choose a region. Twitter: @TotalEnergiesLinkedIn:TotalEnergiesFacebook: TotalEnergiesInstagram:TotalEnergiesTwitter: @TotalEnergiesPR, Investor Relations: +33 (0)1 47 44 46 46 l [emailprotected]. With an extensive network of terminals, gas stations and retail stations, Global Partners helps people heat their homes, operate their businesses and get where theyre going conveniently and quickly. Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. Single-family residential responded first, driven by people being at home, with industrial and life sciences next, followed more recently by urban high-rise multifamilyand now office, with the balance of sectors to follow. Email:bip.enquiries@brookfield.com, Management Information Circular and Proxy, Evolving to offer the best of both worlds. She is Head of GIP's Environmental, Social and Governance Team, leading our efforts to place ESG considerations at the core of our investment processes and working with our portfolio companies to help position them as market leaders in their respective sectors as part of GIP's investment strategy. It fits perfectly with our strategy to make solar and wind energy one of our main growth drivers along with liquefied natural gas that we have recently reinforced with the launch of Cameron extension. 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 pursue investment strategies on behalf of like-minded investors, focusing on delivering strong, consistent performance over the long term. Read our detailed forecasts and analysis in the 2022 Global Alternatives Reports, only on Preqin . 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. from 8 AM - 9 PM ET. At the end of 2021, TotalEnergies' gross renewable electricity generation capacity is more than 10 GW. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>>
Since then, the markets have come back as investors witnessed the resilience of prime real estateand continue to be attracted to the cash yield it generates in a low interest rate world. Get the full list, Youre viewing 5 of 144 team members. Explore a country's capability to deliver infrastructure projects. Bob serves on the Boards of Medallion Midstream LLC, Clearway Energy Group, and Saavi Energia. In consideration, GIP will receive $1.60 billion in cash, plus an approximately 50% interest in the TotalEnergies subsidiary that holds its 51% ownership in SunPower Corporation (NASDAQ: SPWR), a leader in residential solar in the U.S. (with the final amounts subject to purchase price adjustments). www.computershare.com/investor, Managing Partner, Strategic Initiatives
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. Win whats next. And do not hesitate to contact any of us should you have suggestions, questions, comments or ideas you wish to share. For all Brookfield Infrastructure Corporation investor enquiries, please call our shareholder enquiries line: bip.enquiries@brookfield.com
With a 100+ year heritage as an owner and operator, we focus on investing in assets and businesses that help form the backbone of the global economy. SunPower represents the first investment in distributed energy resources for GIP's leading renewables platform, which includes ownership interests in 18 GW of operating and construction assets and over 120 GW of development pipeline via 9 existing portfolio companies. The infrastructure sector sits at a collision point of global disruptions, including shifts in capital availability, evolving social and environmental priorities, and rapid urbanisation. We specialize in infrastructure and real assets, investing capital on behalf of pension funds, endowments and other large institutions from around the world. However, the emergence of COVID-19 introduces an altogether new set of challenges. GIP and TotalEnergies are well-positioned to support SunPower management's growth strategy. Separating a part of our Manager in the public or private market, while ensuring it still benefits from the capital we have at overall Brookfield, could open up growth options to us that do not exist today, as we dislike ever issuing shares at less than what we believe to be at least their full fair value. Private Participation in Infrastructure (PPI) - World Bank Group Our asset management business continues to establish itself as one of the pre-eminent brands globally. Two founding investors in its first fund, GIP I, were Credit Suisse and General Electric. 4 0 obj
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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. Global: 1-416-363-9491. GIP has made two additional notable airport investments: the October 2009 acquisition of Gatwick Airport, the second largest airport in the United Kingdom by passenger traffic, for 1.5 billion from BAA[3][4] and the 2012 acquisition of Edinburgh Airport for 807 million.[5][6]. Please also choose a country and/or sector you want to analyse. NEW YORK , May 25, 2022 /PRNewswire/ -- Global Infrastructure Partners . The launch of Brookfield Reinsurance has been successful on many fronts. In September 2012, GIP's second fund, GIP II, completed fund raising with US$8.25 billion in investor capital commitments, making it the largest independent infrastructure fund in the world at that time. Investor Enquiries. Our global equity funds continue the Firms tried and tested approach to investing in core and core-plus infrastructure opportunities. The 2020 Preqin Global Infrastructure Report is the industry's most complete and in-depth annual review. When typing in this field, a list of search results will appear and be automatically updated as you type. Only logged in subscribers of this site will be able to access the shared article. Our funds own 46 current portfolio companies which have combined annual revenues of US$40 billion and employ in excess of 63,000 people. GIP has made a cross section of investments in other areas of the transport sector as well as the natural resource and power generation areas of the energy sector. Learn more about some of the measures we are taking and the positive impact we have made. 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. We recently created a partnership with Sequoia Capital China to invest in new economy infrastructure. He leads GIP's capital markets group, which is responsible for our portfolio company debt financing activities across commercial lending and capital markets. By continuing to browse this site, you agree to this use. Jan 2011 - Jun 20165 years 6 months. Doing business as Global Infrastructure Partners (GIP), the company is a private equity firm that makes infrastructure-focused investments in the power and utilities, energy, air transport, water/wastewater, and transportation sectors. The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrowinfrastructure with sustainability at its core. GIP Credit targets energy, transport, digital, water/waste and other industries or projects with infrastructure-like characteristics. Our latest annual report highlights our work in FY21 . We bought numerous assets at a fraction of their replacement cost, including a grocery anchored retail portfolio in the U.K. that now generates a running cash yield of 18% on our cost basis. About TotalEnergiesTotalEnergies is a global multi-energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. The shared article to customary conditions, including receipt of requisite regulatory approvals both worlds must click activation. Many of our $ 50 billion of total net incomecompared with $ 707 million in 2020 limited to... Is a very constructive environment for good businesses we take a long-term view deploying! 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