<SEC-DOCUMENT>0001104659-24-088078.txt : 20240812
<SEC-HEADER>0001104659-24-088078.hdr.sgml : 20240812
<ACCEPTANCE-DATETIME>20240812080233
ACCESSION NUMBER:		0001104659-24-088078
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240630
FILED AS OF DATE:		20240812
DATE AS OF CHANGE:		20240812
EFFECTIVENESS DATE:		20240812

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SUN LIFE FINANCIAL INC
		CENTRAL INDEX KEY:			0001097362
		STANDARD INDUSTRIAL CLASSIFICATION:	LIFE INSURANCE [6311]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			Z4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-05799
		FILM NUMBER:		241194789

	BUSINESS ADDRESS:	
		STREET 1:		SUN LIFE ASSURANCE CO OF CANADA
		STREET 2:		ONE YORK STREET
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 0B6
		BUSINESS PHONE:		4169794800

	MAIL ADDRESS:	
		STREET 1:		SUN LIFE ASSURANCE CO OF CANADA
		STREET 2:		ONE YORK STREET
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 0B6

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SUN LIFE FINANCIAL SERVICES INC
		DATE OF NAME CHANGE:	20030702

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SUN LIFE FINANCIAL SERVICES OF CANADA INC
		DATE OF NAME CHANGE:	20000224
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xsi:schemaLocation="http://www.sec.gov/edgar/thirteenffiler eis_13F_Filer.xsd" xmlns="http://www.sec.gov/edgar/thirteenffiler" xmlns:ns1="http://www.sec.gov/edgar/common" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <schemaVersion>X0202</schemaVersion>
  <headerData>
    <submissionType>13F-HR</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>false</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
      </flags>
      <filer>
        <credentials>
          <cik>0001097362</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>06-30-2024</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>06-30-2024</reportCalendarOrQuarter>
      <isAmendment>false</isAmendment>
      <filingManager>
        <name>SUN LIFE FINANCIAL INC</name>
        <address>
          <ns1:street1>Sun Life Assurance CO of Canada</ns1:street1>
          <ns1:street2>One York Street</ns1:street2>
          <ns1:city>Toronto</ns1:city>
          <ns1:stateOrCountry>A6</ns1:stateOrCountry>
          <ns1:zipCode>M5J 0B6</ns1:zipCode>
        </address>
      </filingManager>
      <reportType>13F COMBINATION REPORT</reportType>
      <form13FFileNumber>028-05799</form13FFileNumber>
      <otherManagersInfo>
        <otherManager>
          <cik>0000912938</cik>
          <form13FFileNumber>028-04968</form13FFileNumber>
          <name>MASSACHUSETTS FINANCIAL SERVICES CO /MA/</name>
        </otherManager>
      </otherManagersInfo>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Randolph Brown</name>
      <title>CIO, Sun Life</title>
      <phone>781-416-2297</phone>
      <signature>/s/ Randolph Brown</signature>
      <city>Wellesley Hills</city>
      <stateOrCountry>MA</stateOrCountry>
      <signatureDate>08-12-2024</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>3</otherIncludedManagersCount>
      <tableEntryTotal>33</tableEntryTotal>
      <tableValueTotal>1672451</tableValueTotal>
      <otherManagers2Info>
        <otherManager2>
          <sequenceNumber>1</sequenceNumber>
          <otherManager>
            <cik>0001381133</cik>
            <form13FFileNumber>028-12046</form13FFileNumber>
            <name>SUN LIFE CAPITAL MANAGEMENT (U.S.) LLC</name>
          </otherManager>
        </otherManager2>
        <otherManager2>
          <sequenceNumber>2</sequenceNumber>
          <otherManager>
            <cik>0001381352</cik>
            <form13FFileNumber>028-12047</form13FFileNumber>
            <name>Sun Life Assurance Co of Canada</name>
          </otherManager>
        </otherManager2>
        <otherManager2>
          <sequenceNumber>3</sequenceNumber>
          <otherManager>
            <cik>0001513857</cik>
            <form13FFileNumber>028-15882</form13FFileNumber>
            <name>Crescent Capital Group LP</name>
          </otherManager>
        </otherManager2>
      </otherManagers2Info>
    </summaryPage>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>INFORMATION TABLE
<SEQUENCE>2
<FILENAME>infotable.xml
<TEXT>
<XML>
<?xml version="1.0" ?>
<informationTable xsi:schemaLocation="http://www.sec.gov/edgar/document/thirteenf/informationtable eis_13FDocument.xsd" xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable" xmlns:n1="http://www.sec.gov/edgar/document/thirteenf/informationtable" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <infoTable>
    <nameOfIssuer>ISHARES MSCI EAFE INDEX FUND</nameOfIssuer>
    <titleOfClass>* ISHARES TR MSCI EAFE ETF</titleOfClass>
    <cusip>464287465</cusip>
    <value>4998</value>
    <shrsOrPrnAmt>
      <sshPrnamt>63812</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>63812</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI FRANCE ETF</nameOfIssuer>
    <titleOfClass>* ISHARES INC MSCI FRANCE ETF</titleOfClass>
    <cusip>464286707</cusip>
    <value>2250</value>
    <shrsOrPrnAmt>
      <sshPrnamt>59550</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>59550</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI GERMANY ETF</nameOfIssuer>
    <titleOfClass>* ISHARES INC MSCI GERMANY ETF</titleOfClass>
    <cusip>464286806</cusip>
    <value>492</value>
    <shrsOrPrnAmt>
      <sshPrnamt>16075</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>16075</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI MEXICO CAPPED ETF</nameOfIssuer>
    <titleOfClass>* ISHARES INC MSCI MEXICO ETF</titleOfClass>
    <cusip>464286822</cusip>
    <value>828</value>
    <shrsOrPrnAmt>
      <sshPrnamt>14635</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>14635</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI UNITED KINGDOM INDEX FUND</nameOfIssuer>
    <titleOfClass>* ISHARES TR MSCI UK ETF NEW</titleOfClass>
    <cusip>46435G334</cusip>
    <value>1972</value>
    <shrsOrPrnAmt>
      <sshPrnamt>56545</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>56545</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI UNITED KINGDOM INDEX FUND</nameOfIssuer>
    <titleOfClass>* ISHARES TR MSCI UK ETF NEW</titleOfClass>
    <cusip>46435G334</cusip>
    <value>7599</value>
    <shrsOrPrnAmt>
      <sshPrnamt>217848</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>217848</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR S&amp;P 500 ETF TRUST</nameOfIssuer>
    <titleOfClass>* SPDR S&amp;P 500 ETF TR TR UNIT</titleOfClass>
    <cusip>78462F103</cusip>
    <value>323340</value>
    <shrsOrPrnAmt>
      <sshPrnamt>594135</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>594135</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR S&amp;P 500 ETF TRUST</nameOfIssuer>
    <titleOfClass>* SPDR S&amp;P 500 ETF TR TR UNIT</titleOfClass>
    <cusip>78462F103</cusip>
    <value>20271</value>
    <shrsOrPrnAmt>
      <sshPrnamt>37248</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>37248</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR S&amp;P 500 ETF TRUST</nameOfIssuer>
    <titleOfClass>* SPDR S&amp;P 500 ETF TR TR UNIT</titleOfClass>
    <cusip>78462F103</cusip>
    <value>3973</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7301</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>7301</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI JAPAN UCITS ETF</nameOfIssuer>
    <titleOfClass>* ISHARES INC MSCI JPN ETF NEW</titleOfClass>
    <cusip>46434G822</cusip>
    <value>6535</value>
    <shrsOrPrnAmt>
      <sshPrnamt>95759</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>95759</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>AVALONBAY COMMUNITIES INC</nameOfIssuer>
    <titleOfClass>* AVALONBAY CMNTYS INC COM</titleOfClass>
    <cusip>053484101</cusip>
    <value>31122</value>
    <shrsOrPrnAmt>
      <sshPrnamt>150427</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>150427</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>DIGITAL REALTY TRUST INC</nameOfIssuer>
    <titleOfClass>* DIGITAL RLTY TR INC COM</titleOfClass>
    <cusip>253868103</cusip>
    <value>24310</value>
    <shrsOrPrnAmt>
      <sshPrnamt>159881</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>159881</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PROLOGIS INC</nameOfIssuer>
    <titleOfClass>* PROLOGIS INC. COM</titleOfClass>
    <cusip>74340W103</cusip>
    <value>41370</value>
    <shrsOrPrnAmt>
      <sshPrnamt>368359</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>368359</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>INVESCO QQQ TRUST SERIES 1</nameOfIssuer>
    <titleOfClass>* INVESCO QQQ TR UNIT SER 1</titleOfClass>
    <cusip>46090E103</cusip>
    <value>81056</value>
    <shrsOrPrnAmt>
      <sshPrnamt>169180</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>169180</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>CAMDEN PROPERTY TRUST</nameOfIssuer>
    <titleOfClass>* CAMDEN PPTY TR SH BEN INT</titleOfClass>
    <cusip>133131102</cusip>
    <value>17406</value>
    <shrsOrPrnAmt>
      <sshPrnamt>159528</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>159528</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI SOUTH KOREA ETF</nameOfIssuer>
    <titleOfClass>* ISHARES INC MSCI STH KOR ETF</titleOfClass>
    <cusip>464286772</cusip>
    <value>98525</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1490773</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>1490773</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES ESG SCREENED S&amp;P 500 ETF</nameOfIssuer>
    <titleOfClass>* ISHARES TR ESG SCRND S&amp;P500</titleOfClass>
    <cusip>46436E569</cusip>
    <value>34611</value>
    <shrsOrPrnAmt>
      <sshPrnamt>823040</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>823040</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI INDIA ETF</nameOfIssuer>
    <titleOfClass>* ISHARES TR MSCI INDIA ETF</titleOfClass>
    <cusip>46429B598</cusip>
    <value>19027</value>
    <shrsOrPrnAmt>
      <sshPrnamt>341100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>341100</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI TAIWAN ETF</nameOfIssuer>
    <titleOfClass>* ISHARES INC MSCI TAIWAN ETF</titleOfClass>
    <cusip>46434G772</cusip>
    <value>105668</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1949950</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>1949950</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>CRESCENT CAPITAL BDC INC</nameOfIssuer>
    <titleOfClass>* CRESCENT CAP BDC INC COM</titleOfClass>
    <cusip>225655109</cusip>
    <value>34626</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1843766</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>1843766</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>FIRST INDUSTRIAL REALTY TRUST INC</nameOfIssuer>
    <titleOfClass>* FIRST INDL RLTY TR INC COM</titleOfClass>
    <cusip>32054K103</cusip>
    <value>12013</value>
    <shrsOrPrnAmt>
      <sshPrnamt>252856</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>252856</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TRUST ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND ETF</nameOfIssuer>
    <titleOfClass>* ISHARES TR ISHS 1-5YR INVS</titleOfClass>
    <cusip>464288646</cusip>
    <value>77321</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1509000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>1509000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>REXFORD INDUSTRIAL REALTY INC</nameOfIssuer>
    <titleOfClass>* REXFORD INDL RLTY INC COM</titleOfClass>
    <cusip>76169C100</cusip>
    <value>11141</value>
    <shrsOrPrnAmt>
      <sshPrnamt>249854</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>249854</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>VANGUARD S&amp;P 500 ETF</nameOfIssuer>
    <titleOfClass>* VANGUARD INDEX FDS S&amp;P 500 ETF SHS</titleOfClass>
    <cusip>922908363</cusip>
    <value>284374</value>
    <shrsOrPrnAmt>
      <sshPrnamt>568600</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>568600</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES CORE S&amp;P 500 ETF</nameOfIssuer>
    <titleOfClass>* ISHARES TR CORE S&amp;P500 ETF</titleOfClass>
    <cusip>464287200</cusip>
    <value>6895</value>
    <shrsOrPrnAmt>
      <sshPrnamt>12600</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>12600</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES CORE S&amp;P 500 ETF</nameOfIssuer>
    <titleOfClass>* ISHARES TR CORE S&amp;P500 ETF</titleOfClass>
    <cusip>464287200</cusip>
    <value>285332</value>
    <shrsOrPrnAmt>
      <sshPrnamt>521412</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>521412</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>GRAFTECH INTERNATIONAL LTD</nameOfIssuer>
    <titleOfClass>* GRAFTECH INTL LTD COM</titleOfClass>
    <cusip>384313508</cusip>
    <value>318</value>
    <shrsOrPrnAmt>
      <sshPrnamt>841528</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>841528</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI THAILAND ETF</nameOfIssuer>
    <titleOfClass>* ISHARES INC MSCI THAILND ETF</titleOfClass>
    <cusip>464286624</cusip>
    <value>9387</value>
    <shrsOrPrnAmt>
      <sshPrnamt>173000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>173000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI INDONESIA ETF</nameOfIssuer>
    <titleOfClass>* ISHARES TR MSCI INDONIA ETF</titleOfClass>
    <cusip>46429B309</cusip>
    <value>14969</value>
    <shrsOrPrnAmt>
      <sshPrnamt>776800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>776800</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI PHILIPPINES ETF</nameOfIssuer>
    <titleOfClass>ISHARES TR MSCI PHILIPS ETF</titleOfClass>
    <cusip>46429B408</cusip>
    <value>4378</value>
    <shrsOrPrnAmt>
      <sshPrnamt>181200</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>181200</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI SINGAPORE ETF</nameOfIssuer>
    <titleOfClass>* ISHARES INC MSCI SINGPOR ETF</titleOfClass>
    <cusip>46434G780</cusip>
    <value>28877</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1504000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>1504000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES MSCI MALAYSIA ETF</nameOfIssuer>
    <titleOfClass>* ISHARES INC MSCI MLY ETF NEW</titleOfClass>
    <cusip>46434G814</cusip>
    <value>11470</value>
    <shrsOrPrnAmt>
      <sshPrnamt>510700</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>510700</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MISTER CAR WASH INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>60646V105</cusip>
    <value>65997</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9269238</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>3</otherManager>
    <votingAuthority>
      <Sole>9269238</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
</informationTable>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
