The Company focuses on providing logistics real estate investment management solutions. From incubating new businesses to efficiently operating assets, we take a strategic and innovative approach to growth and value creation. GLP Capital Partners LP (GLP Capital Partners) is a Real Estate Company located in Santa Monica, CA United States, North America. Product margin from crude oil was negative $2.7 million for the fourth quarter, down $0.5 million from a year earlier. Headquarters Location 100 Wilshire Blvd. Country: United States Sectors: Corporate Finance; Gaming, Lodging, and Leisure The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.69 . For more information on GLPs ESG efforts, visit: glp.com/global/impact. Slavena Raguz - Senior Financial Accountant - GLP Capital Partners 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. Posted by MarketBeat News on Mar 3rd, 2023. Website https://gcp.com/ Industries Financial Services Company size 501-1,000 employees Headquarters Singapore Type. Some private fund managers that invest in listed U.S. equities will have to start tracking how they vote U.S. proxies this year. BNP Paribas Arbitrage SA increased its position in shares of Global Partners by 334.0% during the second quarter. Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . 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. Scott Solomon, SVP Sharon Merrill Associates, Inc. 501 Boylston Street, 10th Floor Boston, MA 02116. 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. Los Angeles, CA Prologis 3 years 7 months Investment Director Prologis Nov 2020 - Oct . The fund targets logistics sector. 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 fund is based in Santa Monica, California and invests in North America. GLP is the largest shareholder of GLP Capital Partners. 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. Director, Deal Advisory, Infrastructure Advisory at KPMG US, I'm excited to announceARCO/Murray's 4th annual Women in Construction event. Strong compliance background with experience in complex investor due diligence and familiar with the FCA handbook. Let me begin by thanking our entire team for the hard work, creativity and grit that contributed to a strong year for Global. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript February 27, 2023. The retail fuel M&A pipeline remains very active and we continue to evaluate potential opportunities that align with our financial and operating objectives. The Los Angeles City Employees' Retirement System (LACERS) disclosed in a meeting document that it has approved a $40m commitment to the fund. 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. Chief Operating Officer - GLP Capital Partners (GCP) - LinkedIn 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. GLP Capital Partners Pulls In $1.5 Billion for Self-Storage Fund Global Robotics Services We are pleased to provide a new innovative platform for customers constantly seeking to improve the productivity of their logistics . Full year 2022 net income increased to $362.2 million from $60.8 million in the prior year. 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. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Angel, Fund of Funds, Venture Capital), General contact email for the organization. As a group, equities analysts expect that Global Partners LP will post 3.2 earnings per share for the current fiscal year. Annaly Capital Management. Singapore. GLP is owned by GLP Holdings LP which is controlled by management and a group of institutional investors. GLP Capital Partners was founded in 2019 and is based in Santa Monica, California. GCP Capital Partners - Home The transaction is expected to close in the first half of 2023, subject to customary closing conditions, including regulatory approval. Now it's my pleasure to turn the call over to our President and Chief Executive Officer, Eric Slifka. GLP's global platform owns and operates assets and businesses in 17 countries including Brazil, China, Europe, India, Japan, the US and Vietnam. 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. Precision Drilling Co. (NYSE:PDS) Shares Sold by Shell Asset Management Co. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. 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. Very excited to be on this journey with GCP! 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. Selected profiles of other Operating Partners are also shown below. Issuer: GLP Capital, L.P. Debt Level: senior unsecured Issue: USD 975 mln 5.375% bond/note 28-Apr-2026. 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. GLP Capital Partners LP operates as an investment management company. 77 % of GDP 55 % of global population 66 Offices 17 Countries The History of GLP Frequently Asked Questions Is GLP a private company? 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. 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 (GCP) is a registered investment adviser with over $5 billion in assets under management (AUM). View contacts for GLP Capital Partners to access new leads and connect with decision-makers. Chief Operating Officer at GLP Capital Partners Englewood, Colorado, United States 1K followers 500+ connections Join to connect GLP Capital Partners (GCP) Activity Congratulations Karolina. Los Angeles-based GCP was established in 2019 by the team that is responsible for the largest private real estate transaction in history. This is the GL Capital Partners company profile. 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. Stifel Nicolaus raised Global Partners from a hold rating to a buy rating in a research note on Monday, November 7th. Current Vacancies - GLP Europe Adam Berns - Chief Investment Officer, U.S. - GLP Capital Partners 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. Our sites are strategically located along the "dorsale" logistics corridor and offer customers access to United Kingdom's biggest population centers and sea ports. 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Catherine is the founder and CEO of Catherine Avery Investment Management and sub-advisor to the Emerge EMPWR Sustainable Dividend Equity ETF. GLP Capital Partners raise $1.5bn | PERE We continue to have ample excess capacity in our credit facility. 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. Our Commercial segment also capped 2022 with a strong fourth quarter as bunkering activity remained robust. 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. This information is available in the PitchBook Platform. December 08, 2021 05:30 PM. Global Partners LP (GLP) Stock Price, News, Quote & History - Yahoo! 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. Net income was $57.5 million for the fourth quarter of 2022 compared with $19.3 . The companies it has invested in include Linklogis, Sygnum, Fenbeitong, Flowcast, Smart-Insight and more. GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. The energy company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, MarketWatch Earnings reports. 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. 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, L.P. Credit Ratings :: Fitch Ratings 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. Consistent with our focus on strategic transactions that strengthen our long-term earnings power, during the year, we closed on over $255 million of retail acquisitions. glp capital partners | DiGiacomo Group Private Equity | GLP 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. Stockholders of record on Wednesday, February 8th were issued a $1.572 dividend. Passionate about delivering on HR principles of attracting, developing, and retaining talent. Joseph Bohling on LinkedIn: GLP Capital Partners announces new 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. 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. Many thanks to Emerge CM. The value-add fund will invest into the logistics sector. The distribution was paid on February 14 to unitholders of record as of the close of business on February 8. Global Partners LP (NYSE:GLP) Q4 2022 Earnings Call Transcript PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. We're excited to share the new GLP Capital Partners (GCP) and GLP structure. DCF for 2022 included a net gain of $79.9 million primarily related to the sale of our Revere terminal in June. Global Partners undertakes no obligation to revise or update any forward-looking statements. GLP Capital Partners - CB Insights GLP Capital Partners Closes $2.3B Logistics Property Fund Covering Brazil, Vietnam & PE funds. DCF was $57.3 million for the fourth quarter of 2022 compared with $30.5 million in the same period of '21. We also have offices in Singapore and Hong Kong. Want to see what other hedge funds are holding GLP? 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 is focused on uncovering advantaged opportunities in logistics real estate, self-storage and related technologies.