# EDGAR Filing Document

**Accession Number:** 0001807334
**File Stem:** 0001752724-25-211267
**Filing Date:** 2025-8
**Character Count:** 15330
**Document Hash:** 9a038671e9b0ba4b3503c521b7a83e46
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-211267.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-211267

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Wilshire Private Assets Fund
- **CENTRAL INDEX KEY:** 0001807334

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23561
- **FILM NUMBER:** 251270355

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456
- **BUSINESS PHONE:** 610-676-1000

**MAIL ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Delaware Wilshire Private Markets Fund
- **DATE OF NAME CHANGE:** 20200320

## Nport-Ex

Wilshire Private Assets Fund <br> Schedule of Investments <br> June 30, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Master Fund — 100.5%** | **Master Fund — 100.5%** | **Master Fund — 100.5%** | **Master Fund — 100.5%** |
| **Description** | **Geographic Region** | **Shares** | **Fair Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wilshire Private Assets Master Fund, Class Institutional | North America | 5029531 | $60656149 |
| &nbsp;&nbsp;&nbsp;Total Master Fund (Cost — $58,487,232) |  |  | 60656149 |
| **Short Term Investment — 0.5%** | **Short Term Investment — 0.5%** | **Short Term Investment — 0.5%** | **Short Term Investment — 0.5%** |
| **Description** | **Geographic Region** | **Shares** | **Fair Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity Funds Treasury Trust Fund, Class Institutional 4.150%\*\* | North America | 277662 | 277662 |
| &nbsp;&nbsp;&nbsp;Total Short Term Investment (Cost — $277,662) |  |  | 277662 |
| Total Investments — 101.0% (Cost — $58,764,894) |  |  | $60933811 |
| &nbsp;&nbsp;&nbsp;Other Assets and<br> Liabilities, Net — (1.0)% |  |  | (604386) |
| &nbsp;&nbsp;&nbsp;Net Assets — 100.0% |  |  | $60329425 |

---

\*\* The rate reported is the 7-day effective yield as of June 30, 2025.

DWP-QH-001-0900

Wilshire Private Assets Master Fund <br> Schedule of Investments <br> June 30, 2025 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Primary Private Fund Investments — 43.0%(A)(B)** | **Primary Private Fund Investments — 43.0%(A)(B)** | **Primary Private Fund Investments — 43.0%(A)(B)** | **Primary Private Fund Investments — 43.0%(A)(B)** | **Primary Private Fund Investments — 43.0%(A)(B)** | **Primary Private Fund Investments — 43.0%(A)(B)** | **Primary Private Fund Investments — 43.0%(A)(B)** | **Primary Private Fund Investments — 43.0%(A)(B)** | **Primary Private Fund Investments — 43.0%(A)(B)** |
| **Description** | **Initial Acquisition Date** | **Redemption Frequency** | **Geographic Region** | **Industry** | **Commitment** | **Unfunded Portion of Commitment** | **Shares** | **Fair Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brevet Direct Lending (C) | 6/9/2023 | Quarterly | Global | Private Lending | $2000000 | $— | (D) | $2369966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buhuovc L.P. | 3/8/2021 |  | Asia-Pacific | Venture Capital | 6500000 | 172011 | (D) | 6746181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H.I.G. Bayside Loan Opportunity Feeder VI | 12/8/2020 |  | North America | Distressed Debt | 4000000 | 1442951 | (D) | 1981449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Linden Structured Capital Fund L.P. | 12/18/2020 |  | North America | Buyout | 6500000 | 580041 | (D) | 8936144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MidOcean Absolute Return Credit Fund LP | 11/1/2024 |  | North America | Corporate Credit | 2475000 |  | (D) | 2923229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RCP MB Investments B, L.P. | 12/26/2021 |  | North America | Buyout | 1000000 |  | (D) | 1066467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vista Equity Partners Hubble, L.P. | 2/27/2025 |  | North America | Buyout | 2330000 | 260378 | (D) | 2068064 |
| &nbsp;&nbsp;&nbsp;Total Primary Private Fund Investments (Cost — $22,559,765) | &nbsp;&nbsp;&nbsp;Total Primary Private Fund Investments (Cost — $22,559,765) | &nbsp;&nbsp;&nbsp;Total Primary Private Fund Investments (Cost — $22,559,765) | &nbsp;&nbsp;&nbsp;Total Primary Private Fund Investments (Cost — $22,559,765) |  |  |  |  | 26091500 |
| **Secondary Private Fund Investments — 33.5%(A)(B)** | **Secondary Private Fund Investments — 33.5%(A)(B)** | **Secondary Private Fund Investments — 33.5%(A)(B)** | **Secondary Private Fund Investments — 33.5%(A)(B)** | **Secondary Private Fund Investments — 33.5%(A)(B)** | **Secondary Private Fund Investments — 33.5%(A)(B)** | **Secondary Private Fund Investments — 33.5%(A)(B)** | **Secondary Private Fund Investments — 33.5%(A)(B)** | **Secondary Private Fund Investments — 33.5%(A)(B)** |
| **Description** | **Initial Acquisition Date** | **Redemption Frequency** | **Geographic Region** | **Industry** | **Commitment** | **Unfunded Portion of Commitment** | **Shares** | **Fair Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basalt Infrastructure Partners II, L.P. | 11/17/2020 |  | UK, Europe and US | Infrastructure | 6000000 | 1863982 | (D) | 4467513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Graphite Capital Partners VII A | 7/19/2021 |  | Europe | Buyout | 1044282 (E) | 11036 (E) | (D) | 180928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Graphite Capital Partners VII C | 7/19/2021 |  | Europe | Buyout | 189872 (E) | 2023 (E) | (D) | 40921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Graphite Capital Partners VIII B L.P. | 7/19/2021 |  | Europe | Buyout | 487374 (E) | 50449 (E) | (D) | 278861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Graphite Capital Partners VIII D L.P. | 7/19/2021 |  | Europe | Buyout | 2781939 (E) | 288700 (E) | (D) | 1756345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Graphite Capital Partners VIII Top Up Fund B L.P. | 7/19/2021 |  | Europe | Buyout | 1475077 (E) | 74532 (E) | (D) | 375413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Star Mountain Strategic Credit Income Fund IV (Offshore), L.P. | 10/16/2024 |  | North America | Generalist | 7400000 | 444000 | (D) | 7026708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valor M33 IV L.P. | 11/22/2024 |  | North America | Aerospace |  |  | (D) | 2787590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vector Capital V, L.P. | 2/21/2025 |  | North America | Buyout | 2931401 | 161235 | (D) | 3124170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vector Capital VI, L.P. | 3/19/2025 |  | North America | Buyout | 875000 | 630342 | (D) | 263262 |
| &nbsp;&nbsp;&nbsp;Total Secondary Private Fund Investments (Cost — $16,767,657) | &nbsp;&nbsp;&nbsp;Total Secondary Private Fund Investments (Cost — $16,767,657) | &nbsp;&nbsp;&nbsp;Total Secondary Private Fund Investments (Cost — $16,767,657) | &nbsp;&nbsp;&nbsp;Total Secondary Private Fund Investments (Cost — $16,767,657) |  |  |  |  | 20301711 |

---

Wilshire Private Assets Master Fund<br> Schedule of Investments <br> June 30, 2025 (Unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Co-Investment — 2.2%** | **Co-Investment — 2.2%** | **Co-Investment — 2.2%** | **Co-Investment — 2.2%** | **Co-Investment — 2.2%** | **Co-Investment — 2.2%** | **Co-Investment — 2.2%** | **Co-Investment — 2.2%** | **Co-Investment — 2.2%** |
| **Description** | **Initial Acquisition Date** | **Redemption Frequency** | **Geographic Region** | **Industry** | **Commitment** | **Unfunded Portion of Commitment** | **Shares** | **Fair Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bigtincan Holdings (Cayman), L.P | 4/23/2025 |  | North America | Technology | $— |  | (D) | $1330000 |
| &nbsp;&nbsp;&nbsp;Total Co-Investment (Cost — $1,330,000) |  |  |  |  |  |  |  | 1330000 |
| **Loan Participation — 3.3%** | **Loan Participation — 3.3%** | **Loan Participation — 3.3%** | **Loan Participation — 3.3%** | **Loan Participation — 3.3%** | **Loan Participation — 3.3%** | **Loan Participation — 3.3%** | **Loan Participation — 3.3%** | **Loan Participation — 3.3%** |
| **Description** |  |  |  |  |  | **Geographic Region** | **Face Amount** | **Fair Value** |
| &nbsp;&nbsp;&nbsp;Merlin International, Inc. |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.424%, SOFR + 10.000%,<br> 04/21/2026 (F)(G) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.424%, SOFR + 10.000%,<br> 04/21/2026 (F)(G) |  |  |  |  | North America | 2000000 | 2000000 |
| &nbsp;&nbsp;&nbsp;Total Loan Participation (Cost — $2,000,000) | &nbsp;&nbsp;&nbsp;Total Loan Participation (Cost — $2,000,000) | &nbsp;&nbsp;&nbsp;Total Loan Participation (Cost — $2,000,000) | &nbsp;&nbsp;&nbsp;Total Loan Participation (Cost — $2,000,000) |  |  |  |  | 2000000 |
| **Short Term Investment — 18.1%** | **Short Term Investment — 18.1%** | **Short Term Investment — 18.1%** | **Short Term Investment — 18.1%** | **Short Term Investment — 18.1%** | **Short Term Investment — 18.1%** | **Short Term Investment — 18.1%** | **Short Term Investment — 18.1%** | **Short Term Investment — 18.1%** |
| **Description** | **Description** | **Description** | **Description** | **Description** |  | **Geographic Region** | **Shares** | **Fair Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity Funds Treasury Trust Fund, Class Institutional 4.150%\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity Funds Treasury Trust Fund, Class Institutional 4.150%\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity Funds Treasury Trust Fund, Class Institutional 4.150%\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity Funds Treasury Trust Fund, Class Institutional 4.150%\*\* |  |  | North America | 10975479 | 10975479 |
| &nbsp;&nbsp;&nbsp;Total Short Term Investment (Cost — $10,975,479) | &nbsp;&nbsp;&nbsp;Total Short Term Investment (Cost — $10,975,479) | &nbsp;&nbsp;&nbsp;Total Short Term Investment (Cost — $10,975,479) | &nbsp;&nbsp;&nbsp;Total Short Term Investment (Cost — $10,975,479) |  |  |  |  | 10975479 |
| Total Investments — 100.1% (Cost — $53,632,901) | Total Investments — 100.1% (Cost — $53,632,901) | Total Investments — 100.1% (Cost — $53,632,901) |  |  |  |  |  | $60698690 |
| &nbsp;&nbsp;&nbsp;Other Assets and<br> Liabilities, Net — (0.1)% | &nbsp;&nbsp;&nbsp;Other Assets and<br> Liabilities, Net — (0.1)% | &nbsp;&nbsp;&nbsp;Other Assets and<br> Liabilities, Net — (0.1)% |  |  |  |  |  | (62265) |
| &nbsp;&nbsp;&nbsp;Net Assets — 100.0% |  |  |  |  |  |  |  | $60636425 |

---

\*\* The rate reported is the 7-day effective yield as of June 30, 2025. <br> (A) Primary Private Fund Investments and Secondary Private Fund Investments are not redeemable and the final distribution date is not known at this time, except as noted in the Redemption Frequency column.

(B) Private Assets are generally issued in private placement transactions and as such are generally restricted as to resale. Each investment may have been purchased on various dates and for different amounts. The date of the first purchase is reflected under Acquisition Date. Total fair value of restricted investments as of June 30, 2025, was $46,393,211 or 76.5% of net assets. As of June 30, 2025, the aggregate cost of each investment restricted to sale was $2,000,000, $5,748,476, $2,391,073, $6,482,833, $2,863,000, $1,004,761, $2,069,622, $4,132,713, $111,499, $36,671, $273,884, $1,459,034, $214,199, $6,162,811, $1,531,239, $2,625,000, $220,607 respectively, totaling $39,327,422.

(C) Initial lock-up period: six months to five years.

(D) Investment does not issue shares.

(E) Amount reflected in GBP currency.

(F) Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

(G) Security value was determined by using significant unobservable inputs.

L.P. — Limited Partnership <br> SOFR — Secured Overnight Financing Rate

DWP-QH-001-0900

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Wilshire Private Assets Fund

- **b. Investment Company Act file number:** 811-23561

- **c. CIK number of Registrant:** 0001807334

- **d. LEI of Registrant:** 549300NEIIU3B8JORQ69

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** ONE FREEDOM VALLEY DRIVE

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 6106761000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Wilshire Private Assets Fund

- **c. LEI of Series:** 549300NEIIU3B8JORQ69

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $60456341.87

**Total Liabilities:** $126916.40

**Net Assets:** $60329425.47

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.31%               | -0.93%               | 1.26%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-151350.72                                |
| Month 2  | $0.00                    | $-545035.53                                |
| Month 3  | $0.00                    | $825790.07                                 |

### Schedule of Portfolio Investments

| Name                                | Title                                                       | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| BLACKROCK TREASURY                  | BLACKROCK TREASURY INSTITUTIONAL #62                        | CUSIP: 09248U551<br>LEI: N/A | Long             | STIV             |  | US        |    277662 | PA      | $277662.46    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| WILSHIRE PRIVATE ASSETS MASTER FUND | WILSHIRE PRIVATE ASSETS MASTER FUND CLASS 1 CUSIP 24660J109 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               |  | US        |   5029531 | NS      | $60656148.82  | 100.54%           |  |  |  | No            | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Wilshire Private Assets Fund

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

**Title:** Treasurer, Controller and Chief Financial Officer