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 7,243,294 1,114,353 SH DFND 1,114,353 0 0
American Tower Corp REIT 03027X100 51,952,613 317,617 SH DFND 317,617 0 0
American Water Works Co Inc Common Stock 030420103 37,002,270 281,215 SH DFND 281,215 0 0
Apollo Global Management Inc Common Stock 03769M106 60,252,680 509,278 SH DFND 509,278 0 0
ArcBest Corp Common Stock 03937C105 8,871,777 61,807 SH DFND 61,807 0 0
Ares Management Corp Common Stock 03990B101 59,752,432 536,811 SH DFND 536,811 0 0
ARM Holdings PLC ADR 042068205 1,560,108 4,400 SH DFND 4,400 0 0
Atmos Energy Corp Common Stock 049560105 39,767,496 230,844 SH DFND 230,844 0 0
Blackstone Inc Common Stock 09260D107 42,255,885 359,105 SH DFND 359,105 0 0
Blue Owl Capital Inc Common Stock 09581B103 16,984,949 1,941,137 SH DFND 1,941,137 0 0
Brookfield Asset Management Lt Common Stock 113004105 12,080,348 269,350 SH DFND 269,350 0 0
Brookfield Corp Common Stock 11271J107 54,964,226 1,290,543 SH DFND 1,290,543 0 0
Canadian Pacific Kansas City L Common Stock 13646K108 21,107,385 243,940 SH DFND 243,940 0 0
Clarivate PLC Common Stock G21810109 55,259,407 25,583,059 SH DFND 25,583,059 0 0
CMS Energy Corp Common Stock 125896100 37,008,405 483,770 SH DFND 483,770 0 0
CSX Corp Common Stock 126408103 32,965,857 693,580 SH DFND 693,580 0 0
Dolby Laboratories Inc Common Stock 25659T107 2,305,686 43,851 SH DFND 43,851 0 0
Domino's Pizza Inc Common Stock 25754A201 3,535,606 11,943 SH DFND 11,943 0 0
Enbridge Inc Common Stock 29250N105 12,195,862 225,342 SH DFND 225,342 0 0
Equinix Inc REIT 29444U700 45,997,544 44,127 SH DFND 44,127 0 0
Ferrovial NV Common Stock N3168P101 36,072,405 521,376 SH DFND 521,376 0 0
Grupo Aeroportuario del Centro ADR 400501102 8,867,952 78,415 SH DFND 78,415 0 0
Grupo Aeroportuario del Surest ADR 40051E202 5,328,913 17,375 SH DFND 17,375 0 0
Hilton Worldwide Holdings Inc Common Stock 43300A203 3,468,178 10,495 SH DFND 10,495 0 0
InterDigital Inc Common Stock 45867G101 1,381,391 4,879 SH DFND 4,879 0 0
Kinder Morgan Inc Common Stock 49456B101 7,208,212 225,468 SH DFND 225,468 0 0
KinderCare Learning Cos Inc Common Stock 49456W105 346,029,628 81,418,736 SH DFND 81,418,736 0 0
KKR & Co Inc Common Stock 48251W104 40,187,433 437,867 SH DFND 437,867 0 0
Life Time Group Holdings Inc Common Stock 53190C102 9,199,047 225,246 SH DFND 225,246 0 0
Marriott International Inc/MD Common Stock 571903202 5,524,015 14,906 SH DFND 14,906 0 0
McDonald's Corp Common Stock 580135101 4,638,790 17,161 SH DFND 17,161 0 0
NU Holdings Ltd/Cayman Islands Common Stock G6683N103 44,857,349 3,357,586 SH DFND 3,357,586 0 0
Old Dominion Freight Line Inc Common Stock 679580100 32,508,194 150,084 SH DFND 150,084 0 0
ONEOK Inc Common Stock 682680103 214,742 2,470 SH DFND 2,470 0 0
Pembina Pipeline Corp Common Stock 706327103 428,059 9,270 SH DFND 9,270 0 0
Planet Fitness Inc Common Stock 72703H101 1,443,440 27,668 SH DFND 27,668 0 0
Republic Services Inc Common Stock 760759100 45,573,124 213,878 SH DFND 213,878 0 0
Restaurant Brands International Common Stock 76131D103 6,844,219 94,390 SH DFND 94,390 0 0
Robinhood Markets Inc Common Stock 770700102 8,349,413 83,261 SH DFND 83,261 0 0
Royal Gold Inc Common Stock 780287108 3,604,158 18,056 SH DFND 18,056 0 0
Royalty Pharma PLC Common Stock G7709Q104 8,855,920 157,944 SH DFND 157,944 0 0
SBA Communications Corp REIT 78410G104 22,422,596 127,069 SH DFND 127,069 0 0
Sempra Common Stock 816851109 37,156,777 400,785 SH DFND 400,785 0 0
Sony Group Corp ADR 835699307 3,897,658 194,300 SH DFND 194,300 0 0
TC Energy Corp Common Stock 87807B107 24,145,738 365,338 SH DFND 365,338 0 0
TPG Inc Common Stock 872657101 19,861,755 489,809 SH DFND 489,809 0 0
Union Pacific Corp Common Stock 907818108 42,133,888 154,904 SH DFND 154,904 0 0
Warner Music Group Corp Common Stock 934550203 5,012,633 185,173 SH DFND 185,173 0 0
Waste Management Inc Common Stock 94106L109 37,730,018 169,284 SH DFND 169,284 0 0
Wheaton Precious Metals Corp Common Stock 962879102 3,547,852 31,587 SH DFND 31,587 0 0
Williams Cos Inc/The Common Stock 969457100 41,276,244 555,236 SH DFND 555,236 0 0
XPO Inc Common Stock 983793100 6,095,265 29,691 SH DFND 29,691 0 0