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Ming Mei is co-Founder and CEO of GLP. At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parents $2 billion target. The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. Crow Holdings Capital consists of a cycle-tested team with a long history of investing in its flagship value-add fund series and will provide LPs access to a diversified portfolio of assets across the industrial, multifamily, and specialty sectors. 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. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). All Rights Reserved. The company announced the . REGISTRATION STATUS . Boston Properties. GLP Capital Partners CEO Alan Yang and Modlo Logistics Center (GLP) As demand outpaces supply in South Florida's industrial market, GLP Capital . 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 . 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. 2023 PitchBook. GDSO product margin was up $46.1 million in the quarter to $223.2 million. Global Partners had a return [] GCP is focused on uncovering advantaged opportunities in logistics real estate, self-storage and related technologies. 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. 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. Now, Greg, Mark and I will be happy to take your questions. Mar 2023 - Present1 month. Where is GLP located? GLP Capital Partners. 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. 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). GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). For the full year, DCF was $413.4 million compared with $120.7 million in '21. Our combined global experience and expertise allow us to build businesses create value for our partners Please go ahead, sir. While macroeconomic uncertainty remains, we continue to focus on driving returns for unitholders through a combination of organic growth, strategic acquisitions, optimization and innovation. 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. Operator? 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. GCP also invests in logistics technology companies from seed to growth equity stages. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners 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. This is a profile preview from the PitchBook Platform. 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. The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Caution and uncertainty are the popular themes. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies. MetLife Investment Management LLC Buys 2,282 Shares of Wabash National Co. MetLife Investment Management LLC Boosts Stake in MannKind Co. MetLife Investment Management LLC Boosts Holdings in 23andMe Holding Co. MetLife Investment Management LLC Raises Stock Holdings in TG Therapeutics, Inc. Cantor Fitzgerald Analysts Decrease Earnings Estimates for Chinook Therapeutics, Inc. (NASDAQ:KDNY), 61,368 Shares in Zeta Global Holdings Corp. (NASDAQ:ZETA) Purchased by MetLife Investment Management LLC, MetLife Investment Management LLC Buys 2,282 Shares of Wabash National Co. (NYSE:WNC), MetLife Investment Management LLC Boosts Stake in MannKind Co. (NASDAQ:MNKD), MetLife Investment Management LLC Boosts Holdings in 23andMe Holding Co. (NASDAQ:ME), MetLife Investment Management LLC Raises Stock Holdings in TG Therapeutics, Inc. (NASDAQ:TGTX), MetLife Investment Management LLC Has $414,000 Position in American Axle & Manufacturing Holdings, Inc. (NYSE:AXL), MetLife Investment Management LLC Raises Holdings in Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT), MetLife Investment Management LLC Purchases 7,570 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH), MetLife Investment Management LLC Has $418,000 Holdings in Morphic Holding, Inc. (NASDAQ:MORF), UMH Properties, Inc. (NYSE:UMH) Shares Acquired by MetLife Investment Management LLC, Shell Asset Management Co. Sells 316 Shares of Howmet Aerospace Inc. (NYSE:HWM). Thrilled indeed! Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. These filings (on Form N-PX) aren't due until 2024, but the first reporting period starts on July 1, 2023. Can it be just a desire to be a "member of the club?" Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 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. It specializes in acquisitions, development, operations, technology, and e-commerce. Join to view profile GLP Capital Partners . 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. 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. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! To help us understand those needs and envision the fueling infrastructure of the future, we sponsored Fuel of the Future 2030, a student design competition engaging more than 30 teams of undergraduate and graduate students attending schools across nine states. 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. GCP is a vertically integrated investment manager with a dedicated focus on logistics, supply chain, and storage real estate. Thank you for joining us. We now offer renewable products at half of our 22 owned or controlled terminals. The fund targets logistics sector. 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. In addition to investing and managing third-party capital, we are the exclusive investment and asset manager of GLP. Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. 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. 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 is a boost from Global Partnerss previous quarterly dividend of $0.63. 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. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. GLP Capital Partners maintains strong fundraising momentum across strategies in 2022 - GLP Capital Partners 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. Shell Asset Management Co. Cuts Stock Holdings in Harsco Co. (NYSE:HSC), Shell Asset Management Co. Sells 1,449 Shares of Redwood Trust, Inc. (NYSE:RWT). Solartility platform leases panels, storage batteries and bi-directional meters. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. 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.. Eric Slifka: Thank you, Sean, and good morning, everyone. Our focus is on maintaining a small company identity with an entrepreneurial mindset to continue our growth trajectory. Why do investors keep destroying wealth? 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. Passionate about delivering on HR principles of attracting, developing, and retaining talent. As of December 31, 2022, total borrowings outstanding under the credit agreement were $252.4 million. To explore GLP Capital Partners IVs full profile, request access. Luxembourg, Luxembourg Financial Accountant GLP Capital Partners mai 2020 - oct. 2021 1 an 6 mois. Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. 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. Product margin in the fourth quarter increased $5.1 million year-over-year to $9.9 million. The value-add fund will invest into the logistics sector. GLP Capital Partners Native Currency USD Fund Manager's Location 100 Wilshire Boulevard Suite 1400 Santa Monica, CA 90401 United States +1 (310) 000-0000 Fund Domiciles United States: Delaware Cayman Islands GLP Capital Partners IV Investment Strategy Investments by Industry Investments by Deal Type Want detailed data on 3M+ companies? 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. Bank of America Corp DE now owns 90,092 shares of the energy companys stock worth $2,457,000 after acquiring an additional 15,360 shares during the last quarter. Boardwalk Real Estate Investment Trust. GLP is a privately owned company incorporated in Singapore. GLP is a global company with headquarters in every country in which we operate including Brazil, China, Europe, India, Japan, the US and Vietnam. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. Covering Brazil, Vietnam & PE funds. GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. The increases for the quarter and full year of 2022 were primarily driven by our Wholesale and GDSO segments. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Our partner China Merchants Capital (CMC) ranked No.1 in Asia among the Private Equity International's (PEI) top 300 list. 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. 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. This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. 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. 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. For the first time, "institutional investment managers" have to disclose how they're voting proxies on their (or their clients') holdings of US-listed securities with respect to executive compensation matters. Global Partners ( NYSE:GLP - Get Rating) last issued its quarterly earnings data on Monday, February 27th. For the full year, Commercial segment product margin increased $25.4 million to $41 million. Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. 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. Globally, CMC ranked 27th with US$19.1B raised between 1 January 2016 and 31 March 2021. 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. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 million for the same period in 2021. Brandywine Realty Trust. Copyright 2020 GLP. Selected profiles of other Operating Partners are also shown below. *May exclude premium content 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. Sep 2022 - Present7 months. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. Read more about GLP Capital Partners. SG&A expenses increased $23 million in the fourth quarter to $80.8 million. The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. Global Partners had a net margin of 1.92% and a return on equity of 52.42%. The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 42.2% during the second quarter. 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. 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. 617-542-5300 [email protected] 10x easier to find good investments For the full year, adjusted EBITDA was $485.2 million compared with $244.3 million in the same period of 2021. 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. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. Sign in or Register Sign in / Register Database LP search GP search G7 currently serves more than 60,000 customers with more than 1.5 million connected vehicles in China and is committed to developing an open ecosystem that connects vehicles, logistic infrastructure and financial institutions. See also 10 Most Promising Psychedelic Stocks and 12 Best Affordable Dividend Stocks to Buy. Is Global Partners LP (GLP) . Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . All rights reserved. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. 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. Our combined investing and operating expertise allows us to create value for our customers and investors. 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. 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Eric Slifka: Thank you, Greg. Looking at expenses.