Neil Everitt Branded Consumer Products and Services Find Out More Ronald Gidwitz Learn more in our Cookie Policy. We believe in empowering people to be entrepreneurial, growth-focused and passionate about being the best. Gasoline and gasoline blendstock product margin contributed $14 million, down $9.9 million from the same period in 2021. GLP invested in Li & Fung to help execute on its Logistics/Assets-as-a-Service approach, which uses data analytics and technologies to bring value to customers. Partner at Holland & Knight LLP - West Coast Real Estate Deputy Practice Group Leader. GLP Capital Partners announces new structure as dedicated global alternative asset manager focused on investing in high-growth, new economy sectors - GLP Capital Partners From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. 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. Passionate about delivering on HR principles of attracting, developing, and retaining talent. "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. The fund is based in Santa Monica, California and invests in North America. GLP CAPITAL PARTNERS, INC. - Form ADV RADiENT GLP CAPITAL PARTNERS, INC. CRD No. Institutional investors and hedge funds own 28.40% of the companys stock. 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. Operator: Good day, everyone, and welcome to the Global Partners Fourth Quarter 2022 Financial Results Conference Call. 801-117132 Form of Organization Corporation Legal Domicile DE, United States Registration SEC Our combined global experience and expertise allow us to build businesses create value for our partners Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. The increases in the quarter and the full year were in part due to increases in accrued discretionary incentive compensation and wages and benefits. 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. To continue reading the Q&A session, please click here. Luxembourg, Luxembourg Financial Accountant GLP Capital Partners mai 2020 - oct. 2021 1 an 6 mois. 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. 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. 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. Managing Director, Head of Global Investor Relations at GLP Capital Partners (GCP). Catherine is a highly experienced active portfolio manager with a career spanning more than 25 years. Global Partners LP has a 52-week low of $20.23 and a 52-week high of $39.24. REGISTRATION STATUS . Shares of NYSE GLP opened at $34.99 on Friday. Los Angeles City Employees' Retirement System, Youre viewing 5 of 6 limited partners. Live market coverage co-anchored from Hong Kong and New York. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. Global Partners undertakes no obligation to revise or update any forward-looking statements. 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 that focuses on logistics facilities and logistics-related operating companies. The segment's performance for both periods was driven largely by an increase in bunkering activity. Why do investors keep destroying wealth? Mar 2023 - Present1 month. 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. GLP Capital Partners Scores $64M Construction Loan For Doral Logistics Project As demand outpaces supply in South Florida's industrial market, GLP Capital Partners scored a $64.2 million construction loan for a new logistics park in Doral, The Real Deal has learned. GLP is a privately owned company incorporated in Singapore. The Consumers Petroleum acquisition deepened our footprint in the New England region, while the Miller Oil and Tidewater deals expanded our reach into Virginia. GCP is focused on uncovering advantaged opportunities in logistics real estate, self-storage and related technologies. 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. This information is available in the PitchBook Platform. Copyright 2020 GLP. 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. 2023 PitchBook. GLP Capital Partners serves institutions such as pension funds, sovereign wealth funds, and endowments worldwide. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. 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. Copyright 2020 GLP. The Company focuses on providing logistics real estate investment management solutions. Arlington Asset Investment. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . Find More Contacts for GLP Capital Partners. It's zoned for industrial development and can be developed into 500,000 square feet of commercial space. 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. Several other hedge funds have also made changes to their positions in GLP. 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. Gasoline Distribution contributed $588.7 million of product margin for the full year, up $175 million from 2021. 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. Crude oil product margin improved to a negative $9.4 million, up $3.4 million from a year earlier. The Los Angeles-based manager said the GLP Capital Partners IV fund exceeded its $2bn targetat final close. The ex-dividend date of this dividend was Tuesday, February 7th. View contacts for GLP Capital Partners to access new leads and connect with decision-makers. What does this mean for CRE professionals? Boardwalk Real Estate Investment Trust. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. SG&A expenses increased $23 million in the fourth quarter to $80.8 million. Already have an account? This reflected an increase in activity at our convenience stores in part due to our recent acquisitions. 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. All Rights Reserved. No need to worry, says Felipe Villarroel. Caution and uncertainty are the popular themes. 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. 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. GLP Capital Partners IV is a real estate value added fund managed by GCP. 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. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. Adjusted EBITDA for the fourth quarter of 2022 was $106.9 million, compared with $66 million for the same period in 2021. Turning to the Commercial segment. Achieved total IT load capacity of ~1,400 MW in China. Glassdoor gives you an inside look at what it's like to work at GL Capital Partners, including salaries, reviews, office photos, and more. As part of our work in the clean fuel space, we formed an interdisciplinary team to research and evaluate hydrogen mobility supply and distribution opportunities. GCP also invests in logistics technology companies from seed to growth equity stages. GLP Capital Partners (GCP) has raised $2.3bn (1.9bn) for its North American logistics real estate fund. GLP was founded in 2009 as a specialist logistics real estate owner, developer and operator. EFFECTIVE DATE; SEC: Several analysts have weighed in on GLP shares. 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. Very excited to be on this journey with GCP! The registered office location is at 100 Wilshire Boulevard, Suite 940, Santa Monica, CA 90401. 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. 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. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. #GCP #GLP The firm had revenue of $4.43 billion during the quarter, compared to analysts expectations of $4.51 billion. GCP is focused on uncovering advantaged opportunities in logistics real. 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. This button displays the currently selected search type. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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. 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. The companies it has invested in include Yimidida, Hive Box, Zongteng Logistics, G7, Inceptio Technology, Trunk, LiBiao Robot, Eastern Airlines Logistics, Wangjiahuan, Ouyeel, etc. Global Partners had a return [] People and culture are core to GLPs business and its global success. Our combined investing and operating expertise allows us to create value for our customers and investors. The adviser's REGISTRATION status is listed below. Bitrock Capital is a fintech-focused venture capital firm backed by GLP. This documentary-style series follows investigative journalists as they uncover the truth. Pallas Capital Advisors LLC lifted its stake in shares of Global Partners by 2.7% during the third quarter. #partnership#privateequity#fundraising. On a full year basis, SG&A was up $50.2 million to $263.1 million. This is a profile preview from the PitchBook Platform. 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. GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). 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 Who owns GLP? In addition, in the fourth quarter, we incurred an expense of approximately $7.5 million in connection with an ongoing dispute between us and a landlord at certain of our sites, which we are currently disputing. Global Partners (NYSE:GLP Get Rating) last issued its quarterly earnings data on Monday, February 27th. We believe these assumptions are reasonable given currently available information. Strategic Partners GLP forms strategic investment partnerships with companies that can bring about more opportunities and synergies with our core logistics real estate business globally and expand our investment scope further into adjacent segments. Asian industrial giant GLP on Tuesday unveiled GLP Capital Partners, a newly minted fund management business investing in sectors including Liked by Haijin Zeng Terry We are thrilled to announce our new structure as a dedicated global alternative asset manager focused on investing in high-growth, new economy This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. 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 the fourth quarter, our Wholesale segment product margin more than doubled from the same period in 2021 as market conditions and effective management of our inventories amid sustained backwardation in the distillates markets combined to drive strong margin capture. 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. 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. Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business. GLP Capital Partners is the exclusive investment and asset manager of GLP. 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). Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP Get Rating). 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. We continue to manage our balance sheet prudently. 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. Emerge is honoured to have Catherine as a sub-advisor on the Emerge EMPWR Platform! GLP has been growing its data centers business since 2018, with a focus on sustainability, safety and the community. 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. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. Pacific Biosciences of California, Inc. (NASDAQ:PACB) Shares Sold by Shell Asset Management Co. Algoma Steel Group Inc. (NASDAQ:ASTL) Shares Sold by Shell Asset Management Co. New Gold Inc. (NYSEAMERICAN:NGD) Shares Sold by Shell Asset Management Co. Retailers faced a wide range of challenges in 2022. The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. 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. 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. GLP Capital Partners 2 ans 11 mois Senior Financial Accountant GLP Capital Partners oct. 2021 - aujourd'hui 1 an 6 mois. Covering Brazil, Vietnam & PE funds. Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. 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. Strategic HR generalist educated to masters level and experienced in supporting commercial businesses by delivering HR processes and tools. Operator? Leverage, which is defined in our credit agreement as funded debt-to-EBITDA was approximately 1.74x at the end of the fourth quarter. I lead the legal strategy on major transactions and coordinate our dedicated team of external counsel. | Learn more about Melissa Ava Marshall MCIPD's . 304917 | California | Last Form ADV Filed on 26 Aug 2022 | Registration: SEC Summary Details Identifying Information CRD No. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . 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? 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. 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. Finally, UBS Group AG increased its holdings in Global Partners by 328.0% in the second quarter. The energy . Sensors track detailed information on trucks, drivers and cargo in real time, thus enabling a real-time view of fleet operations and the flow of goods. The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. GLP Capital Partners is a global investment manager with a focus on modern logistics facilities and logistics-related operating companies. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. Eric Slifka: Thank you, Sean, and good morning, everyone. 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. Ming Mei is co-Founder and CEO of GLP. 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. REGISTRATION STATUS. 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.. With headquarters located around the world, we leverage our global and local market knowledge to create the most value for our investors and customers. You can update your choices at any time in your settings. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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 Angel, Fund of Funds, Venture Capital), General contact email for the organization. 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. Want to see what other hedge funds are holding GLP? 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. 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. Global Fund Management, Capital Raising & Investor Relations. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . Founded as a logistics real estate owner, developer and operator, GLP revolutionized the modern logistics industry by taking an innovative and entrepreneurial approach. GLP reorganises global fund management platform to form GLP Capital Partners. Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. 13 min read. Which One is Best? GLP Capital Partners (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). 304917 Latest Filing 26 Aug 2022 SEC No. How long this might continue is impossible to say at the moment. 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.
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