GLP Announces New Baa2 Credit Rating from Moody’s for its Fund Management and Investment Advisor Business
Singapore, 31 October 2022 - GLP Pte Ltd. (“GLP”), today announced that Moody’s Investors Services assigned a new investment grade credit rating of Baa2 and Stable Outlook to GLP Capital Partners Holding 2 Limited (“GCP”), a global alternative asset manager originally established in 2011 as the fund management and investment advisor of GLP.
Moody’s cited GCP’s growing stream of fee-related earnings, strong investment track record, low leverage and healthy and expanding profit margins as key drivers that support the rating. Through sustained and solid investment performance, GCP has grown its assets under management (“AUM”) from $11.9B at inception in 2011 to $117.4B at year-end 2021, reflecting a compound annual growth rate (“CAGR”) of 26%.
Rooted in a long-term affiliation with GLP, a leading global logistics real estate owner, developer and operator, GCP has established a strong presence in Asia as an alternative asset manager with a track record of success and growth in the U.S. and Europe. GCP’s focus on high-growth, new economy sectors with long growth horizons, including logistics, data centers, renewable energy and related technologies, coupled with its diversified AUM and robust investor base across geographies, strategies and investor types, position GCP well for even greater growth at scale across market cycles.
Read more about Moody’s GLP Capital Partners credit opinion here.