<?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>Albireo Pharma Inc.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>01345P106</cusip>
    <value>23612</value>
    <shrsOrPrnAmt>
      <sshPrnamt>716381</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>716381</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Alder Biopharmaceuticals Inc.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>014339105</cusip>
    <value>20622</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1238533</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1238533</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Assurant Inc.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>04621X108</cusip>
    <value>849483</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7869230</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>7869230</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>AV Homes Inc.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>00234P102</cusip>
    <value>184300</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9215017</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>9215017</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Caesars Entmt Corp.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>127686103</cusip>
    <value>300127</value>
    <shrsOrPrnAmt>
      <sshPrnamt>29280680</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>OTR</investmentDiscretion>
    <votingAuthority>
      <Sole>22746039</Sole>
      <Shared>6534641</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Collegium Pharmaceutical Inc.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>19459J104</cusip>
    <value>18060</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1225263</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1225263</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Domo Inc.</nameOfIssuer>
    <titleOfClass>Com Cl B</titleOfClass>
    <cusip>257554105</cusip>
    <value>16175</value>
    <shrsOrPrnAmt>
      <sshPrnamt>754056</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>754056</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>e l f Beauty Inc.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>26856L103</cusip>
    <value>171993</value>
    <shrsOrPrnAmt>
      <sshPrnamt>13510828</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>13510828</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Endo Intl PLC</nameOfIssuer>
    <titleOfClass>Shs</titleOfClass>
    <cusip>G30401106</cusip>
    <value>372820</value>
    <shrsOrPrnAmt>
      <sshPrnamt>22152136</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>22152136</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Entasis Therapeutics Hldgs I</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>293614103</cusip>
    <value>11106</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1020748</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1020748</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Evolent Health Inc.</nameOfIssuer>
    <titleOfClass>Cl A</titleOfClass>
    <cusip>30050B101</cusip>
    <value>3417</value>
    <shrsOrPrnAmt>
      <sshPrnamt>120304</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>120304</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Flexion Therapeutics Inc.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>33938J106</cusip>
    <value>17522</value>
    <shrsOrPrnAmt>
      <sshPrnamt>936507</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>936507</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Greensky Inc.</nameOfIssuer>
    <titleOfClass>Cl A</titleOfClass>
    <cusip>39572G100</cusip>
    <value>22644</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1257977</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1257977</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>IQVIA Hldgs Inc.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>46266C105</cusip>
    <value>2095207</value>
    <shrsOrPrnAmt>
      <sshPrnamt>16149276</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>16149276</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Magnolia Oil &amp; Gas Corp.</nameOfIssuer>
    <titleOfClass>Cl A</titleOfClass>
    <cusip>559663109</cusip>
    <value>248536</value>
    <shrsOrPrnAmt>
      <sshPrnamt>16558000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>16558000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Nexeo Solutions Inc.</nameOfIssuer>
    <titleOfClass>Com Shs</titleOfClass>
    <cusip>65342H102</cusip>
    <value>381316</value>
    <shrsOrPrnAmt>
      <sshPrnamt>31127844</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>31127844</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Otonomy Inc.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>68906L105</cusip>
    <value>5938</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2159335</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>2159335</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Playa Hotels &amp; Resorts NV</nameOfIssuer>
    <titleOfClass>Shs</titleOfClass>
    <cusip>N70544106</cusip>
    <value>92512</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9606666</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>9606666</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Sabre Corp.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>78573M104</cusip>
    <value>416216</value>
    <shrsOrPrnAmt>
      <sshPrnamt>15959216</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>OTR</investmentDiscretion>
    <votingAuthority>
      <Sole>13856867</Sole>
      <Shared>2102349</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Spotify Technology S A</nameOfIssuer>
    <titleOfClass>Shs</titleOfClass>
    <cusip>L8681T102</cusip>
    <value>716789</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3963885</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>3963885</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Tandem Diabetes Care Inc.</nameOfIssuer>
    <titleOfClass>Com New</titleOfClass>
    <cusip>875372203</cusip>
    <value>10694</value>
    <shrsOrPrnAmt>
      <sshPrnamt>249620</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>249620</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Veracyte Inc.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>92337F107</cusip>
    <value>33921</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3551929</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>3551929</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Xinyuan Real Estate Co Ltd</nameOfIssuer>
    <titleOfClass>Spons ADR</titleOfClass>
    <cusip>98417P105</cusip>
    <value>19090</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4232810</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>4232810</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Five Point Holdings LLC</nameOfIssuer>
    <titleOfClass>Com Cl A</titleOfClass>
    <cusip>33833Q106</cusip>
    <value>4373</value>
    <shrsOrPrnAmt>
      <sshPrnamt>464676</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>464676</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>New York REIT Inc.</nameOfIssuer>
    <titleOfClass>Com New</titleOfClass>
    <cusip>64976L208</cusip>
    <value>10638</value>
    <shrsOrPrnAmt>
      <sshPrnamt>586453</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>586453</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Northern Oil &amp; Gas Inc. Nev</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>665531109</cusip>
    <value>32000</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8000000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>8000000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Oxford Square Cap Corp.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>69181V107</cusip>
    <value>8</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1059</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1059</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PDVWireless Inc.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>69290R104</cusip>
    <value>44864</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1323415</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1323415</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Sanofi</nameOfIssuer>
    <titleOfClass>Right 12/31/2020</titleOfClass>
    <cusip>80105N113</cusip>
    <value>7547</value>
    <shrsOrPrnAmt>
      <sshPrnamt>14240462</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>14240462</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Skyline Champion Corporation</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>830830105</cusip>
    <value>4068</value>
    <shrsOrPrnAmt>
      <sshPrnamt>142393</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>142393</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Switch Inc.</nameOfIssuer>
    <titleOfClass>Cl A</titleOfClass>
    <cusip>87105L104</cusip>
    <value>26064</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2413304</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>2413304</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>TPG Specialty Lending, Inc.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>87265K102</cusip>
    <value>55685</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2730980</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>2730980</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Xerium Technologies Inc.</nameOfIssuer>
    <titleOfClass>Com New</titleOfClass>
    <cusip>98416J118</cusip>
    <value>19479</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1447199</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1447199</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>TPG RE Fin Tr Inc.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>87266M107</cusip>
    <value>130233</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6505167</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>6505167</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Air Prods &amp; Chems Inc.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>009158106</cusip>
    <value>108683</value>
    <shrsOrPrnAmt>
      <sshPrnamt>650602</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>650602</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Allergan PLC</nameOfIssuer>
    <titleOfClass>Shs</titleOfClass>
    <cusip>G0177J108</cusip>
    <value>24993</value>
    <shrsOrPrnAmt>
      <sshPrnamt>131212</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>131212</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Amneal Pharmaceuticals Inc.</nameOfIssuer>
    <titleOfClass>Com Stk Cl A</titleOfClass>
    <cusip>03168L105</cusip>
    <value>86199</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3884600</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>3884600</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Avalara Inc.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>05338G106</cusip>
    <value>3843</value>
    <shrsOrPrnAmt>
      <sshPrnamt>110015</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>110015</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Broadcom Inc.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>11135F101</cusip>
    <value>111804</value>
    <shrsOrPrnAmt>
      <sshPrnamt>453143</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>453143</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Cognizant Technology Solutio</nameOfIssuer>
    <titleOfClass>Cl A</titleOfClass>
    <cusip>192446102</cusip>
    <value>111683</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1447607</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1447607</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Comcast Corp New</nameOfIssuer>
    <titleOfClass>Cl A</titleOfClass>
    <cusip>20030N101</cusip>
    <value>116956</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3302912</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>3302912</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Dentsply Sirona Inc.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>24906P109</cusip>
    <value>44915</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1190109</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1190109</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Energy Transfer Equity L P</nameOfIssuer>
    <titleOfClass>Com Ut Ltd Ptn</titleOfClass>
    <cusip>29273V100</cusip>
    <value>14279</value>
    <shrsOrPrnAmt>
      <sshPrnamt>819206</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>819206</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Energy Transfer Partners LP</nameOfIssuer>
    <titleOfClass>Unit Ltd Prt Int</titleOfClass>
    <cusip>29278N103</cusip>
    <value>31568</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1418141</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1418141</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Facebook Inc.</nameOfIssuer>
    <titleOfClass>Cl A</titleOfClass>
    <cusip>30303M102</cusip>
    <value>64709</value>
    <shrsOrPrnAmt>
      <sshPrnamt>393466</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>393466</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Fidelity National Financial</nameOfIssuer>
    <titleOfClass>FNF Group Com</titleOfClass>
    <cusip>31620R303</cusip>
    <value>71488</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1816723</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1816723</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Grupo Televisa SA</nameOfIssuer>
    <titleOfClass>Spon ADR Rep Ord</titleOfClass>
    <cusip>40049J206</cusip>
    <value>25403</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1431977</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1431977</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Hamilton Lane Inc.</nameOfIssuer>
    <titleOfClass>Cl A</titleOfClass>
    <cusip>407497106</cusip>
    <value>42792</value>
    <shrsOrPrnAmt>
      <sshPrnamt>966388</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>966388</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>IHS Markit Ltd.</nameOfIssuer>
    <titleOfClass>Shs</titleOfClass>
    <cusip>G47567105</cusip>
    <value>63772</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1181840</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1181840</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Interactive Brokers Group In</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>45841N107</cusip>
    <value>51718</value>
    <shrsOrPrnAmt>
      <sshPrnamt>935053</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>935053</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Koninklijke Philips N V</nameOfIssuer>
    <titleOfClass>NY Reg Sh New</titleOfClass>
    <cusip>500472303</cusip>
    <value>52569</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1155119</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1155119</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Mastercard Incorporated</nameOfIssuer>
    <titleOfClass>Cl A</titleOfClass>
    <cusip>57636Q104</cusip>
    <value>56945</value>
    <shrsOrPrnAmt>
      <sshPrnamt>255806</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>255806</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MPLX LP</nameOfIssuer>
    <titleOfClass>Com Unit Rep Ltd</titleOfClass>
    <cusip>55336V100</cusip>
    <value>66606</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1920588</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1920588</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PagSeguro Digital Ltd.</nameOfIssuer>
    <titleOfClass>Com Cl A</titleOfClass>
    <cusip>G68707101</cusip>
    <value>45964</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1661143</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1661143</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Pegasystems Inc.</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>705573103</cusip>
    <value>91625</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1463664</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1463664</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Spirit AeroSystems Hldgs Inc.</nameOfIssuer>
    <titleOfClass>Com Cl A</titleOfClass>
    <cusip>848574109</cusip>
    <value>62568</value>
    <shrsOrPrnAmt>
      <sshPrnamt>682530</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>682530</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Unifirst Corp. Mass</nameOfIssuer>
    <titleOfClass>Com</titleOfClass>
    <cusip>904708104</cusip>
    <value>44442</value>
    <shrsOrPrnAmt>
      <sshPrnamt>255927</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>255927</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Worldpay Inc.</nameOfIssuer>
    <titleOfClass>Cl A</titleOfClass>
    <cusip>981558109</cusip>
    <value>101833</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1005563</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1005563</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
</informationTable>
