A continuously offered, non-diversified closed-end fund operated as an interval fund under Rule 23c-3. Under normal conditions at least 80% of net assets plus borrowings is allocated to infrastructure, timberland and agriculture/farmland, obtained through third-party private real asset funds, a controlled subsidiary REIT holding direct property, wholly owned subsidiaries, listed real asset securities managed by a sub-adviser, registered funds and direct private debt. The stated objective is long-term real returns, defined as total returns adjusted for inflation, through current income and long-term capital appreciation with low correlation to public equity and debt markets.