At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. Monoful is the business development arm of GLP Japan. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 617-542-5300 GLP@investorrelations.com For the full year, GDSO product margin was up $209 million to $856.6 million, with fuel margins increasing $0.09 per gallon to $0.36 from $0.27 per gallon in the year-earlier period. GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks and diesel to wholesale distributors. 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. Today's call will include forward-looking statements within the meaning of Federal securities laws. This is a boost from Global Partnerss previous quarterly dividend of $0.63. Angel, Fund of Funds, Venture Capital), General contact email for the organization. The company was formerly listed on SGX-ST between 2010 to 2018. The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. 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 below charts are illustrative of the type of graphical data available to our clients and do not represent live data. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. G7 is a technology company backed by GLP. "Institutional investment manager" isn't really what it sounds like: the term comes from 13F filings and includes unregistered and/or non-U.S. managers and even some entities that don't consider themselves managers at all -- the terms includes entities that exercise "investment discretion" over U.S.-listed securities and related options and warrants with an aggregate value of at least USD 100 million. Our team successfully navigated through these challenges. I manage the legals on acquisitions, dispositions . Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. Active, Closed, This describes the type of investor this organization is (e.g. Fuel margins increased $0.07 per gallon to $0.37 from $0.30 per gallon in the fourth quarter of 2021. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. 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. Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. 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. Global Partnerss dividend payout ratio is 25.32%. In January, the Board declared a fourth quarter cash distribution of $1.5725 per unit on all of our outstanding common units consisting of a quarterly distribution of $0.6350 per unit, $2.54 per unit on an annualized basis and a onetime special distribution of $0.9375 per common unit. 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. He received his Bachelor of Science in Finance from Indiana University School of Business. 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. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. 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Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . 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. 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. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. The Chicago event on Thursday, March 9th is open to all to support women in the construction and engineering fields! #1400 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. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. Tower Research Capital LLC TRCs holdings in Global Partners were worth $285,000 at the end of the most recent quarter. 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. GLPGCP GLP Capital Partners ""46 1250 . 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. The JVwill explore a range of opportunities including creating smart energy systems for commercial properties, providing renewable energy to logistics assets and expanding energy storage capabilities for rooftop solar panels and also test the viability of autonomous vehicles in logistics management and transportation to develop green smart supply chain hubs. Private Equity | GLP Investing in established and growth-stage businesses. Where is GLP located? We continue to manage our balance sheet prudently. During the same quarter in the previous year, the company earned $0.44 earnings per share. 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. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. The registered office location is at 100 Wilshire Boulevard, Suite 940, Santa Monica, CA 90401. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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). Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. 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. With that, now let me turn the call over to Greg for his financial review. Turning to our segment details. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.51 billion. REGISTRATION STATUS . Station operations product margin was $267.9 million for the full year 2022, up $34 million from 2021. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. 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. Overnight on Wall Street is daytime in Asia. 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. 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. Operator? Today's call is being recorded. 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. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. December 08, 2021 05:30 PM. For those of you who are participating, we look forward to meeting with you. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. 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. 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. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. Operating Partners Bespoke has over 75 Operating Partners who support the firm by assisting with opportunity identification, due diligence, building a value creation plan and investment oversight. Brixmor Property Group. 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. Your article was successfully shared with the contacts you provided. It provides software as a service (SaaS) products for logistics and invests in tech companies that create value for customers through the logistics ecosystem in Japan. Is Global Partners LP (GLP) . Exclusive discounts on ALM and GlobeSt events. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. As we continue to invest in optimizing our sites with an eye towards sustainability, we know that the drivers of tomorrow will have different expectations and needs than the drivers of today. 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. Fund name: GLP Capital Partners IV Fund size: $2.3 billion Target size: $2 billion Launch date: June 2020 Current status: Final close, July 2021 GLP Capital Partners has held a final close on their fourth flagship fund, the GLP Capital Partners IV.Successfully raising more than $2.3 billion, the vehicle will invest in logistics real estate throughout the US. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. On a full year basis, SG&A was up $50.2 million to $263.1 million. The increases were largely associated with our GDSO operations, including our recent acquisitions, reflecting higher credit card fees related to increases in volume and price, higher salary and rent expenses, partially due to greater activity at our stores and increases in our environmental reserve and maintenance and repair expenses. | Learn more about Melissa Ava Marshall MCIPD's . Headquarters Location 100 Wilshire Blvd. All Rights Reserved. Santa Monica, California, United States 1-10 Venture Capital Early Stage Venture www.glpcp.com/ 10,144 Highlights Investments 6 Employee Profiles 5 Contacts 21 Similar Companies 5 BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. GLP Capital Partners has announced a final close for GCP SecureSpace Property Partners. GLP is the largest shareholder of GLP Capital Partners. Arlington Asset Investment. Corporate Finance & Alternative Asset Investment. Mar 2023 - Present1 month. 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.