<?xml version="1.0" encoding="UTF-8" standalone="yes"?>
<n1:informationTable xmlns:n1="http://www.sec.gov/edgar/document/thirteenf/informationtable">
	<n1:infoTable>
		<n1:nameOfIssuer>AES Corp</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>00130H105</n1:cusip>
		<n1:value>41270</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1964293</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>1820223</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>144070</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Affiliated Managers Group Inc</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>008252108</n1:cusip>
		<n1:value>36677</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>314553</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>290706</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>23847</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Ally Finl Inc</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>02005N100</n1:cusip>
		<n1:value>23739</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>708409</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>655827</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>52582</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Altice USA Inc</n1:nameOfIssuer>
		<n1:titleOfClass>Cl A</n1:titleOfClass>
		<n1:cusip>02156K103</n1:cusip>
		<n1:value>4616</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>499056</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>458202</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>40854</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Ares Capital Corp</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>04010L103</n1:cusip>
		<n1:value>23854</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1330371</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>1241691</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>88680</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Ballard Pwr Sys Inc New</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>058586108</n1:cusip>
		<n1:value>3871</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>614448</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>570318</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>44130</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Berkshire Hathaway Inc Del</n1:nameOfIssuer>
		<n1:titleOfClass>Cl B New</n1:titleOfClass>
		<n1:cusip>084670702</n1:cusip>
		<n1:value>1045</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3829</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>3625</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>204</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Brookfield Asset Mgmt Inc</n1:nameOfIssuer>
		<n1:titleOfClass>Cl A Ltd Vt Sh</n1:titleOfClass>
		<n1:cusip>112585104</n1:cusip>
		<n1:value>64767</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1456428</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>1348329</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>108099</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Brookfield Asset Mgmt Reins</n1:nameOfIssuer>
		<n1:titleOfClass>Cl A Exch Lt Vtg</n1:titleOfClass>
		<n1:cusip>G16169107</n1:cusip>
		<n1:value>455</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>10212</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>9453</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>759</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Cigna Corp New</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>125523100</n1:cusip>
		<n1:value>30366</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>115232</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>106402</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>8830</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Citizens Finl Group Inc</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>174610105</n1:cusip>
		<n1:value>28465</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>797551</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>739487</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>58064</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Discover Finl Svcs</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>254709108</n1:cusip>
		<n1:value>36486</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>385773</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>357613</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>28160</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Hanesbrands Inc</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>410345102</n1:cusip>
		<n1:value>1510</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>146777</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>141143</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>5634</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Intel Corp</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>458140100</n1:cusip>
		<n1:value>11872</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>317344</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>294824</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>22520</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Kinder Morgan Inc Del</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>49456B101</n1:cusip>
		<n1:value>19722</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1176756</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>1097547</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>79209</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LKQ Corp</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>501889208</n1:cusip>
		<n1:value>32504</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>662125</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>613505</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>48620</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Lumen Technologies Inc</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>550241103</n1:cusip>
		<n1:value>7488</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>686319</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>642495</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>43824</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MasTec Inc</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>576323109</n1:cusip>
		<n1:value>17056</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>238008</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>220802</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>17206</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Oaktree Specialty Lending Co</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>67401P108</n1:cusip>
		<n1:value>29531</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>4508520</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>4148810</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>359710</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Penske Automotive Grp Inc</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>70959W103</n1:cusip>
		<n1:value>26274</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>250968</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>231768</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>19200</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Price T Rowe Group Inc</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>74144T108</n1:cusip>
		<n1:value>1133</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>9974</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>9044</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>930</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Primoris Svcs Corp</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>74164F103</n1:cusip>
		<n1:value>10260</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>471522</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>434344</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>37178</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Quanta Svcs Inc</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>74762E102</n1:cusip>
		<n1:value>29657</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>236616</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>219294</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>17322</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Radian Group Inc</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>750236101</n1:cusip>
		<n1:value>43111</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2193959</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>2026767</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>167192</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Range Res Corp</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>75281A109</n1:cusip>
		<n1:value>24337</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>983317</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>906505</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>76812</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Rocket Cos Inc</n1:nameOfIssuer>
		<n1:titleOfClass>Com Cl A</n1:titleOfClass>
		<n1:cusip>77311W101</n1:cusip>
		<n1:value>12145</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1650140</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>1522344</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>127796</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Ryman Hospitality Pptys Inc</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>78377T107</n1:cusip>
		<n1:value>41491</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>545715</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>506608</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>39107</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Simon Ppty Group Inc New</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>828806109</n1:cusip>
		<n1:value>11629</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>122512</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>113654</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>8858</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Store Cap Corp</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>862121100</n1:cusip>
		<n1:value>5230</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>200520</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>187708</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>12812</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Taylor Morrison Home Corp</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>87724P106</n1:cusip>
		<n1:value>25098</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1074403</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>994605</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>79798</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>U S Silica Hldgs Inc</n1:nameOfIssuer>
		<n1:titleOfClass>Com</n1:titleOfClass>
		<n1:cusip>90346E103</n1:cusip>
		<n1:value>5404</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>473232</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>432916</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>40316</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>Warner Bros Discovery Inc</n1:nameOfIssuer>
		<n1:titleOfClass>Com Ser A</n1:titleOfClass>
		<n1:cusip>934423104</n1:cusip>
		<n1:value>14776</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1101061</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:otherManager>N/A</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>1019983</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>81078</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
</n1:informationTable>
