The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADT Inc Common Stock 00090Q103 7,321,299 1,114,353 SH DFND 1,114,353 0 0
American Tower Corp REIT 03027X100 56,065,892 324,869 SH DFND 324,869 0 0
Apollo Global Management Inc Common Stock 03769M106 68,617,338 615,844 SH DFND 615,844 0 0
ArcBest Corp Common Stock 03937C105 9,717,673 98,797 SH DFND 98,797 0 0
Ares Management Corp Common Stock 03990B101 56,323,202 516,253 SH DFND 516,253 0 0
ARM Holdings PLC ADR 042068205 2,254,072 14,900 SH DFND 14,900 0 0
Grupo Aeroportuario del Surest ADR 40051E202 1,152,926 3,430 SH DFND 3,430 0 0
Atmos Energy Corp Common Stock 049560105 44,001,412 238,206 SH DFND 238,206 0 0
American Water Works Co Inc Common Stock 030420103 39,347,838 289,131 SH DFND 289,131 0 0
Brookfield Asset Management Lt Common Stock 113004105 13,695,045 308,100 SH DFND 308,100 0 0
Brookfield Corp Common Stock 11271J107 56,194,538 1,388,548 SH DFND 1,388,548 0 0
Blackstone Inc Common Stock 09260D107 42,745,118 371,729 SH DFND 371,729 0 0
Clarivate PLC Common Stock G21810109 64,725,139 25,583,059 SH DFND 25,583,059 0 0
CMS Energy Corp Common Stock 125896100 38,579,836 497,291 SH DFND 497,291 0 0
Canadian Pacific Kansas City L Common Stock 13646K108 38,588,637 253,054 SH DFND 253,054 0 0
CSX Corp Common Stock 126408103 36,631,747 892,369 SH DFND 892,369 0 0
Dolby Laboratories Inc Common Stock 25659T107 1,137,837 18,945 SH DFND 18,945 0 0
Domino's Pizza Inc Common Stock 25754A201 1,233,161 3,437 SH DFND 3,437 0 0
Enbridge Inc Common Stock 29250N105 25,002,184 238,201 SH DFND 238,201 0 0
Equinix Inc REIT 29444U700 43,255,050 44,127 SH DFND 44,127 0 0
Ferrovial SE Common Stock N3168P101 25,943,935 538,084 SH DFND 538,084 0 0
Hilton Worldwide Holdings Inc Common Stock 43300A203 1,635,038 5,377 SH DFND 5,377 0 0
InterDigital Inc Common Stock 45867G101 482,898 1,599 SH DFND 1,599 0 0
KKR & Co Inc Common Stock 48251W104 41,631,475 450,070 SH DFND 450,070 0 0
KinderCare Learning Cos Inc Common Stock 49456W105 179,121,219 81,418,736 SH DFND 81,418,736 0 0
Kinder Morgan Inc Common Stock 49456B101 8,792,706 262,234 SH DFND 262,234 0 0
Life Time Group Holdings Inc Common Stock 53190C102 7,483,312 277,777 SH DFND 277,777 0 0
Marriott International Inc/MD Common Stock 571903202 3,205,613 9,801 SH DFND 9,801 0 0
McDonald's Corp Common Stock 580135101 2,173,354 6,993 SH DFND 6,993 0 0
NU Holdings Ltd/Cayman Islands Common Stock G6683N103 48,248,511 3,357,586 SH DFND 3,357,586 0 0
Old Dominion Freight Line Inc Common Stock 679580100 35,961,807 184,042 SH DFND 184,042 0 0
ONEOK Inc Common Stock 682680103 223,263 2,470 SH DFND 2,470 0 0
Grupo Aeroportuario del Centro ADR 400501102 1,649,817 14,380 SH DFND 14,380 0 0
Blue Owl Capital Inc Common Stock 09581B103 19,866,862 2,175,998 SH DFND 2,175,998 0 0
Pembina Pipeline Corp Common Stock 706327103 805,003 9,270 SH DFND 9,270 0 0
Restaurant Brands International Common Stock 76131D103 3,969,095 53,709 SH DFND 53,709 0 0
Royal Gold Inc Common Stock 780287108 1,772,777 6,966 SH DFND 6,966 0 0
Royalty Pharma PLC Common Stock G7709Q104 4,176,508 87,065 SH DFND 87,065 0 0
Republic Services Inc Common Stock 760759100 47,693,576 217,759 SH DFND 217,759 0 0
SBA Communications Corp REIT 78410G104 23,815,377 138,373 SH DFND 138,373 0 0
Sony Group Corp ADR 835699307 1,819,530 87,900 SH DFND 87,900 0 0
Sempra Common Stock 816851109 39,894,212 410,561 SH DFND 410,561 0 0
TPG Inc Common Stock 872657101 20,432,596 504,384 SH DFND 504,384 0 0
TC Energy Corp Common Stock 87807B107 46,972,628 387,770 SH DFND 387,770 0 0
Union Pacific Corp Common Stock 907818108 40,594,693 167,318 SH DFND 167,318 0 0
Waste Management Inc Common Stock 94106L109 39,959,332 173,895 SH DFND 173,895 0 0
Williams Cos Inc/The Common Stock 969457100 46,219,958 635,064 SH DFND 635,064 0 0
Warner Music Group Corp Common Stock 934550203 2,326,183 91,080 SH DFND 91,080 0 0
Wheaton Precious Metals Corp Common Stock 962879102 1,822,742 13,913 SH DFND 13,913 0 0
XPO Inc Common Stock 983793100 6,018,210 30,934 SH DFND 30,934 0 0