The prospectus states the objective is attractive risk-adjusted returns on a portfolio of global infrastructure investments. Under normal conditions at least 80% of net assets plus investment borrowings go to infrastructure businesses, infrastructure pooled vehicles and infrastructure private equity (non-fundamental policy). Investments include direct equity and debt, primary and secondary Portfolio Fund interests, and liquid holdings such as listed private equity, BSLs and CLOs. Borrowing is permitted up to 33 1/3% of total assets. At 3/31/2026 the Fund held 15 direct assets (39% of portfolio value), 26 secondary stakes (56%) and 9 primary commitments (5%), all in North America (68%) and Europe (32%).