Eric Slifka: Thank you, Greg. 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 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. 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. We also continue to focus on optimizing our terminal network. This special Bloomberg program highlights the event's biggest interviews and news makers. The segment's performance for both periods was driven largely by an increase in bunkering activity. #ABS #CLOs #HighYield, Principal and Director of Research at Buckingham Family of Financial Services, IMO the greatest anomaly in finance is despite horrific performance hedge fund assets have grown about 15x over past 30 years. People and culture are core to GLPs business and its global success. Looking at the Wholesale segment for the fourth quarter of 2022, product margin increased $38.1 million to $70.7 million. 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. Global Partners LP has a 1-year low of $20.23 and a 1-year high of $39.24. Property Logistics Specialist GLP Plans IPO for Investment Arm - WSJ News Corp is a global, diversified media and information services company focused on creating and distributing authoritative. 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 Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. Copyright 2020 GLP. https://lnkd.in/gUdmgeGZ #hedgefunds #investmentstrategies, Chair - Global Derivatives Group; Co-Chair Investment Funds Group. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. AvalonBay Communities. December 08, 2021 05:30 PM. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Gregory Hanson: Thank you, Eric, and good morning, everyone. 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. GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. The fund was oversubscribed at its hard-cap at $1.5 billion, thus making it the the largest self-storage vehicle ever raised. Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. GLP Capital Partners. GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT GLP CAPITAL PARTNERS, INC. CRD No. GLP Capital Partners has $1.5 billion to spend on North American self-storage properties after holding final closing of its GCP SecureSpace Property Partners fund. 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. 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. DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. 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. The energy . Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Retailers faced a wide range of challenges in 2022. By caring for the environment, empowering people, particularly our employees and communities and practicing responsible governance, we have formed the foundation for an enduring business that has stood the test of time and continues to thrive. 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. Please go ahead, sir. The fund targets logistics sector. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. Headquarters Location 100 Wilshire Blvd. SEC / JURISDICTION. When expanded it provides a list of search options that will switch the search inputs to match the current selection. This is a profile preview from the PitchBook Platform. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. "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. 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. GLP Capital Partners Oct 2021 - Present 1 year 5 months. Win whats next. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. #partnership#privateequity#fundraising. We now offer renewable products at half of our 22 owned or controlled terminals. Can it be just a desire to be a "member of the club?" Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. 27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. 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 increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Eric Slifka: Thank you, Sean, and good morning, everyone. 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. The entity was formed on January 15, 2020 in the jurisdiction of Delaware. 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. StockNews.com lowered Global Partners from a strong-buy rating to a buy rating in a report on Tuesday. 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. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. EFFECTIVE DATE; SEC: 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. With all of the SEC rule proposals, the expansion of the proxy voting regime flew under the radar a bit. 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 is the exclusive investment and asset manager of GLP. Learn more in our Cookie Policy. *May exclude premium content The gasoline distribution contribution to product margin was up $36.2 million to $155.9 million, primarily due to higher fuel margin and an increase in volumes sold, partially due to our recent acquisitions. This documentary-style series follows investigative journalists as they uncover the truth. Looking at expenses. All rights reserved. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP 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. Thank you for joining us. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . 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. GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Solartility platform leases panels, storage batteries and bi-directional meters. 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC 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. The registered office location is at 100 Wilshire Boulevard, Suite 940, Santa Monica, CA 90401. 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. Brandywine Realty Trust. The company was formerly listed on SGX-ST between 2010 to 2018. What does this mean for CRE professionals? Sep 2022 - Present7 months. This report is available on our website, and I encourage you to review it. 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. 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. No need to worry, says Felipe Villarroel. 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. 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. #etfs #exchangemiami #dividends #Emerge, Meet Catherine Maniscalco Avery. Looking at our upcoming Investor Relations calendar. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. 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. Operating expenses increased $25.2 million to $118 million for the fourth quarter and $91.7 million to $445.3 million for the full year. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . At over $2.3 billion the fund, GLP . With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. For the full year, Commercial segment product margin increased $25.4 million to $41 million. The ex-dividend date of this dividend was Tuesday, February 7th. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. To continue reading the Q&A session, please click here. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. 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. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. Under his leadership and vision, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach to growth and value creation and has since expanded into adjacent sectors and new markets. Posted by MarketBeat News on Mar 3rd, 2023. Annaly Capital Management. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). 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. Now let me turn the call back to Eric for closing comments. With that, now let me turn the call over to Greg for his financial review. Copyright 2023 ALM Global, LLC. Monoful is the business development arm of GLP Japan. 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. The fund focuses on logistics asset class. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure I demystify finance | 50,000+ people read my free newsletter | Financial Educator | Author, Speaker, Creator, The internet has made it: Hear the latest economic, business and market news, as well as global, national, and local news. 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. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. How is GLP related to GLP Capital Partners? This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. Overnight on Wall Street is daytime in Asia. This represents a $6.29 annualized dividend and a dividend yield of 17.97%. 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. GCP is focused on uncovering advantaged opportunities in logistics real estate, self-storage and related technologies. 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 is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. At this time, I'd like to turn the call over to Mr. Geary for opening remarks. You can update your choices at any time in your settings. Who owns GLP? GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). Fuel margins increased $0.07 per gallon to $0.37 from $0.30 per gallon in the fourth quarter of 2021. Global Fund Management, Capital Raising & Investor Relations. Caution and uncertainty are the popular themes. 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 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. We also have offices in Singapore and Hong Kong. With us from Global Partners are President and Chief Executive Officer, Mr. Eric Slifka; Chief Financial Officer, Mr. Gregory Hanson; Chief Operating Officer, Mr. Mark Romaine; and Chief Legal Officer, Mr. Sean Geary. We continue to have ample excess capacity in our credit facility. We also are focused in investing and partnering with companies where we can play a strategic role in building their business and invest in both established and growth-stage businesses across logistics, real estate, infrastructure, finance and related technologies. 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. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. U.S. Chief Investment Officer at GLP Capital Partners New York, New York, United States. It specializes in acquisitions, development, operations, technology, and e-commerce. Want to see what other hedge funds are holding GLP? This button displays the currently selected search type. Happy to be at the ETF conference in Miami sharing our story! Get the full list, To view GLP Capital Partners IVs complete team members history, request access, Youre viewing 5 of 428 funds. Today's call will include forward-looking statements within the meaning of Federal securities laws. 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. 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. 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. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. GDSO product margin was up $46.1 million in the quarter to $223.2 million. Turning to our distribution. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. Exclusive discounts on ALM and GlobeSt events. 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. Tower Research Capital LLC TRC Raises Stock Holdings in Innoviva, Inc. (NASDAQ:INVA), Tower Research Capital LLC TRC Trims Holdings in SPDR S&P Pharmaceuticals ETF (NYSEARCA:XPH), Get a free copy of the StockNews.com research report on Global Partners (GLP), Hormel Hits 2-Year Low, And The Dip Gets Bought, Heres Why Ross Could Soon Be Hitting All Time Highs. 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. Luxembourg Alter Domus 2 ans 9 mois . 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. GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. 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. He is also an investor and board member of Value Retail China, a company that specializes in the development and operation of luxury outlet shopping villages. 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. All Rights Reserved. Markets never sleep, and neither does Bloomberg. 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. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. How long this might continue is impossible to say at the moment. We have a great lineup of panelists who will share the knowledge they've gained throughout their careers. GLP is the largest shareholder of GLP Capital Partners. 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. There are Four Different NOIs in a CRE Deal. 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. Thrilled indeed! This information is available in the PitchBook Platform. The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. Copyright 2020 GLP. 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.
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