27-Jul-2022 BBB- Review - No Action Long Term Rating Rating History. GLP CAPITAL PARTNERS, INC. ( CRD # 304917/SEC#:801-117132 ) GLP CAPITAL PARTNERS LP, GLP CAPITAL PARTNERS, INC. View latest Form ADV filed Part 2 Brochures. GLP Capital Partners has announced a final close for GCP SecureSpace Property Partners. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. 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 . GCP also invests in logistics technology companies from seed to growth equity stages. Global Partners LP (GLP) Stock Price, News, Quote & History - Yahoo Finance U.S. markets closed Dow Futures -65.00 (-0.39%) Global Partners LP (GLP) NYSE - Nasdaq Real Time Price.. 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. Your article was successfully shared with the contacts you provided. Copyright 2023 ALM Global, LLC. 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. 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. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. The ex-dividend date of this dividend was Tuesday, February 7th. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. *May exclude premium content Our team successfully navigated through these challenges. Edit Lists Featuring This Company Section, GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors, GLP Capital Partners buys Riverside County industrial site for $90 million, GLP Capital Partners Releases 2021 ESG Report, Venture Capital Investors with Investments in Denver, Colorado, Early Stage Venture Investors with Investments in Greater Seattle Area. 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. #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. 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I manage the legals on acquisitions, dispositions . 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 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. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. All Rights Reserved. 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. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. 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. 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. 13 min read. 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. GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies which are supported by global macroeconomic trends, including the sustained growth of globalised commerce, widespread adoption of e-commerce, increased demand for data storage/processing and worldwide focus on sustainable energy. Hong Kong SAR. The Earthshot Prize 2022 is a global prize designed to incentivize change and help to repair our planet by awarding five winners each year for their contributions to environmentalism. Global Partners LP engages in purchasing, selling, storing, and the logistics of transporting petroleum and related products. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. By Francisco Alvarado. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. People and culture are core to GLPs business and its global success. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. 10x easier to find good investments 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. Luxembourg, Luxembourg Financial Accountant GLP Capital Partners mai 2020 - oct. 2021 1 an 6 mois. 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. 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. Annaly Capital Management. 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. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. 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. 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. 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. 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, a global alternative asset manager with approximately $125 billion in assets under management, is the exclusive investment and asset manager of GLP. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. Now, Greg, Mark and I will be happy to take your questions. For companies across our industry and many others, 2022 was a year of significant challenges, including supply chain constraints, steep commodity price volatility, inflation, a tough labor market in the war in Ukraine. Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. The segment's performance for both periods was driven largely by an increase in bunkering activity. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Operator? GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. 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 Company focuses on providing logistics real estate investment management solutions. GLP Capital Partners. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. Brookfield Property Partners. 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. To learn more about GLP Capital Partners, visit www.gcp.com. 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), This describes the stage of investments made by this organization (e.g. Our combined global experience and expertise allow us to build businesses create value for our partners Bank of America Corp DE increased its position in shares of Global Partners by 20.6% during the first quarter. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. http://ow.ly/x8QN50MJ7X4 All Rights Reserved. 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. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. Contacts Dafna Tapiero dtapiero@laurelstrategies.com 202-776-7776 GLP. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . At over $2.3 billion the fund, GLP . 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. This report is available on our website, and I encourage you to review it. 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, led by Alan Yang, former chief investment officer of Singaporean. Our combined investing and operating expertise allows us to create value for our customers and investors. Sean Geary: Good morning. 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. 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 GLP Capital Partners, a global alternative asset manager with approximately $125 billion in. We believe these assumptions are reasonable given currently available information. Now let me turn the call back to Eric for closing comments. Building on this objective, this year, we published our inaugural Corporate Social Responsibility Report, which details the progress we have made along that journey. 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. GLP Capital Partners Oct 2021 - Present 1 year 5 months. All Rights Reserved. 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. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. 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. This button displays the currently selected search type. This special Bloomberg program highlights the event's biggest interviews and news makers. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. GLP reorganises global fund management platform to form GLP Capital Partners. The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. Copyright 2020 GLP. 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. Sovereign Investor Leadership Conference March 2023 Menu 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.