# EDGAR Filing Document

**Accession Number:** 0001777529
**File Stem:** 0001049169-25-000025
**Filing Date:** 2025-8
**Character Count:** 11108
**Document Hash:** 2b1aabbc9bfc3fa194b183008d387d56
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-25-000025.hdr.sgml**: 20250818

**ACCESSION NUMBER**: 0001049169-25-000025

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250818

**DATE AS OF CHANGE**: 20250818

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Alpha Alternative Assets Fund
- **CENTRAL INDEX KEY:** 0001777529

**ORGANIZATION NAME:**
- **EIN:** 834704416
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23447
- **FILM NUMBER:** 251227752

**BUSINESS ADDRESS:**
- **STREET 1:** 1615 SOUTH CONGRESS AVENUE
- **STREET 2:** SUITE 103
- **CITY:** DELRAY BEACH
- **STATE:** FL
- **ZIP:** 33445
- **BUSINESS PHONE:** 720-638-2038

**MAIL ADDRESS:**
- **STREET 1:** 1615 SOUTH CONGRESS AVENUE
- **STREET 2:** SUITE 103
- **CITY:** DELRAY BEACH
- **STATE:** FL
- **ZIP:** 33445

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** A3 Alternative Income Fund
- **DATE OF NAME CHANGE:** 20210407

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** A3 Alternative Credit Fund
- **DATE OF NAME CHANGE:** 20190522

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **ALPHA ALTERNATIVE ASSETS FUND** | | |
| **SCHEDULE OF INVESTMENTS** | | |
| *June 30, 2025 (Unaudited)* |  |  |
|  |  | **Value** |
|  | **Shares** | **(Note 2)** |
| **PRIVATE FUND INVESTMENTS (27.78%)** |  |  |
| &nbsp;&nbsp;&nbsp;FBF 2023-1 LLC Economic Interest<sup>(a)(b)(c)</sup> | 2770653 | $3022965 |
| &nbsp;&nbsp;&nbsp;MEP Capital IV, L.P.<sup>(a)(b)(c)(d)(e)</sup> | 1676078 | 1702382 |
| &nbsp;&nbsp;&nbsp;WSP TGA Holdings, LLC<sup>(a)(b)(e)</sup> | 330785 | 379872 |
| ***Total*** |  | 5105219 |
| **TOTAL PRIVATE FUND INVESTMENTS** |  |  |
| **(Cost $4,777,516)** |  | 5105219 |

---

---

| | | |
|:---|:---|:---|
| | **Principal Amount** | **Value<br> (Note 2)** |
| **ASSET-BACKED SECURITIES (32.67%)** |  |  |
| ***Asset Backed Securities (32.67%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Experity Ventures SPV IV LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-I, 12.000%, 12/20/2026 | 3500000 | 3500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Quaker State Holdings, LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-A, 9.000%, 03/12/2029<sup>(a)</sup> | 2442092 | 2503919 |
| ***Total Asset Backed Securities*** |  | 6003919 |
| **TOTAL ASSET-BACKED SECURITIES** |  |  |
| **(Cost $5,942,092)** |  | 6003919 |
| **BANK LOAN (5.44%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alpha Alternative Strategies ICAV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05/30/2027<sup>(a)</sup> | 1000000 | 1000000 |
| **TOTAL BANK LOAN** |  |  |
| **(Cost $1,000,000)** |  | 1000000 |

---

---

| | | |
|:---|:---|:---|
| | **Principal Amount** | **Value<br> (Note 2)** |
| ***Asset Backed Securities (continued)*** |  |  |
| **CORPORATE BOND (2.85%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Wildbrain - IOM Debt Financing, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.000%, 12/17/2028<sup>(a)</sup> | $491667 | $523519 |
| **TOTAL CORPORATE BOND** |  |  |
| **(Cost $491,667)** |  | 523519 |
| **PRIVATE NOTES (27.34%)** |  |  |
| ***Financial Service Company (27.34%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Pentor Life Settlements |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.000%, 08/25/2028<sup>(a)</sup> | 825205 | 825205 |
| &nbsp;&nbsp;&nbsp;&nbsp;Thrivest Legal Funding, LLC Promissory Note |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05/01/2029<sup>(a)(e)</sup> | 4000000 | 4199080 |
| ***Total Financial Service Company*** |  | 5024285 |
| **TOTAL PRIVATE NOTES** |  |  |
| **(Cost $4,825,205)** |  | 5024285 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value<br> (Note 2)** |
| **SHORT TERM SECURITY (*4.44%*)** |  |  |  |
| ***Money Market Funds*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fidelity Government Portfolio, Class I | 4.180% | 816527 | $816527 |
|  |  |  | 816527 |
| **TOTAL SHORT TERM SECURITY** |  |  |  |
| **(Cost $816,527)** |  |  | 816527 |
| **TOTAL INVESTMENTS (100.52%)** |  |  |  |
| **(Cost $17,853,007)** |  |  | $18473469 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-0.52%)** |  |  | (94676) |
| **NET ASSETS (100.00%)** |  |  | $18378793 |

---

**Investment Abbreviations:**

**Reference Rate:**

*(a)* *As a result of the use of significant unobservable inputs to determine fair value, these investments have been classified as Level 3 assets..* 

*(b)* *Non-income producing security.* 

*(c)* *Private investment company that does not issue shares or units.* 

*(d)* *In accordance with ASC 820-10, the investment is valued using the practical expedient methodology.* 

*(e)* *Security deemed to be restricted as of June 30, 2025. As of June 30, 2025, the fair value of restricted securities in the aggregate was $6,281,334, representing 34.18% of the Fund's net assets.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Alpha Alternative Assets Fund

- **b. Investment Company Act file number:** 811-23447

- **c. CIK number of Registrant:** 0001777529

- **d. LEI of Registrant:** 549300IGRHHQ7AXCO313

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

  - **Street Address 1:** 1615 South Congress Avenue Suite 103

  - **City:** Delray Beach

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33445

  - **Telephone number:** 9493269796

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

- **a. Name of Series:** Alpha Alternative Assets Fund

- **c. LEI of Series:** 549300IGRHHQ7AXCO313

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

- **a. Date of fiscal year-end:** 2025-09-30

- **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:** $18597304.54

**Total Liabilities:** $31522.09

**Net Assets:** $18565782.45

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.79%               | 1.59%                | 0.35%                |
| Class ID N/A | -0.78%               | 1.41%                | 0.34%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-47781.16               | $-112159.40                                |
| Month 2  | $61997.77                | $134432.63                                 |
| Month 3  | $0.00                    | $-164.47                                   |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Tvest Securitization, Series 2020-a | Experity Ventures SPV IV LLC                | CUSIP: 30220RAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        | 3500000   | PA      | $3500000.00   | 18.85%            | 2026-12-20      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| N/A                                 | MEP Capital IV, L.P.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        | 1676078   | NS      | $1702382.37   | 9.17%             |  |  |  | No            |                  3 | On Loan: No      |
| Quaker State Holdings Llc           | Quaker State Holdings, LLC                  | CUSIP: 747416AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        | 2442092   | PA      | $2503918.30   | 13.49%            | 2029-03-12      | Fixed         | 9.00%                 | No            |                  3 | On Loan: No      |
| N/A                                 | Alpha Alternative Strategies ICAV           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        | 1000000   | PA      | $1000000.00   | 5.39%             | 2027-05-30      | Fixed         | 10.85%                | No            |                  3 | On Loan: No      |
| N/A                                 | Thrivest Legal Funding, LLC Promissory Note | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        | 4000000   | PA      | $4199080.00   | 22.62%            | 2029-05-01      | Fixed         | 12.00%                | No            |                  3 | On Loan: No      |
| N/A                                 | Pentor Life Settlements                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        | 825205    | PA      | $825205.49    | 4.44%             | 2028-08-25      | Fixed         | 10.00%                | Yes           |                  3 | On Loan: No      |
| N/A                                 | Wildbrain - IOM Debt Financing              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        | 491667    | PA      | $523519.09    | 2.82%             | 2028-12-17      | Fixed         | 14.00%                | No            |                  3 | On Loan: No      |
| Fidelity Government Portfolio       | Fidelity Government Portfolio               | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        | 816527    | NS      | $816526.97    | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | FBF 2023-1 LLC Economic Interest            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |  | NS      | $3022964.93   | 16.28%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                 | WSP TGA Holdings, LLC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        | 330785    | OU      | $379871.91    | 2.05%             |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Alpha Alternative Assets Fund

**Signature:** Gobind Sahney

**Name of Signer:** Gobind Sahney

**Title:** Chief Executive Officer