# EDGAR Filing Document

**Accession Number:** 0002029010
**File Stem:** 0001752724-25-199520
**Filing Date:** 2025-8
**Character Count:** 30575
**Document Hash:** a94ec73554be65063ee05f9f43b9a03d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-199520.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001752724-25-199520

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** North Haven Private Assets Fund
- **CENTRAL INDEX KEY:** 0002029010

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23986
- **FILM NUMBER:** 251244944

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FRONT STREET, SUITE 700
- **CITY:** WEST CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428
- **BUSINESS PHONE:** 212-761-4000

**MAIL ADDRESS:**
- **STREET 1:** 100 FRONT STREET, SUITE 700
- **CITY:** WEST CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428

## Nport-Ex

**North Haven Private Assets Fund**

**CONSOLIDATED PORTFOLIO OF INVESTMENTS**

**June 30, 2025 (unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Investment**<br>**Strategy** | **Geographic**<br>**Region** | **Acquisition**<br>**Date** | **Cost**<br>**Basis** |<br>**Fair Value** |
| **Private Equity Investments (86.83%)** |  |  |  |  |  |
| **Co-Investments (6.18%)** |  |  |  |  |  |
| Marlee Co-invest Feeder Parent, LP \* <sup>(a)</sup> | Buyout | North America | 5/2/2025 | $3669143 | $3669143 |
| Menrva Co-investment, L.P. \* <sup>(a)</sup> | Buyout | North America | 5/15/2025 | 3556779 | 3556779 |
| Vesey Street Capital Partners Co-Invest Fund VI-A, L.P. \* <sup>(a)</sup> | Buyout | North America | 5/6/2025 | 3523333 | 3523333 |
| **Total Co-Investments (Cost $10,749,255)** |  |  |  | $10749255 | $10749255 |
| **Secondary Investments (80.65%)** |  |  |  |  |  |
| ABRY Partners IX, L.P. <sup>(a) (b)</sup> | Buyout | North America | 1/1/2025 | 3809793 | 4011853 |
| Advent International GPE IX-F, Limited Partnership <sup>(a) (b)</sup> | Buyout | North America | 1/1/2025 | 4676724 | 5710619 |
| Advent International GPE VIII-B Limited Partnership <sup>(a)</sup> | Buyout | North America | 1/1/2025 | 8334010 | 7338319 |
| Advent International GPE VIII-H Limited Partnership \* <sup>(a)</sup> | Buyout | North America | 6/30/2025 | 4880188 | 6559837 |
| AE Industrial Partners Fund II, LP <sup>(a) (b)</sup> | Buyout | North America | 1/1/2025 | 4200590 | 5246427 |
| Alpha Private Equity Fund 7 (SCA) SICAR \* <sup>(a)</sup> | Buyout | Europe | 6/30/2025 | 14398000 | 18145382 |
| Bain Capital Asia Fund IV, L.P. <sup>(a) (b)</sup> | Buyout | North America | 12/31/2024 | 1603026 | 1813886 |
| CF24SB SCSp (03/28/25) \* <sup>(a) (b)</sup> | Buyout | North America | 3/28/2025 | 543712 | 667776 |
| CF24SB SCSp (06/30/25) \* <sup>(a) (b)</sup> | Buyout | North America | 6/30/2025 | 494531 | 494531 |
| Cortec Group Fund VII, L.P. \* <sup>(a) (b)</sup> | Buyout | North America | 1/1/2025 | 3432048 | 3684462 |
| Genstar Capital Partners IX, L.P. <sup>(a) (b)</sup> | Buyout | North America | 1/1/2025 | 7209149 | 8535113 |
| GTCR Fund XII/AB LP <sup>(a) (b)</sup> | Buyout | North America | 1/1/2025 | 7252612 | 7776952 |
| IK Small Cap II Fund No.1 SCSp <sup>(a)</sup> | Buyout | Europe | 12/31/2024 | 648913 | 787930 |
| Inflexion Buyout Fund V (No. 1) Limited Partnership <sup>(a) (b)</sup> | Buyout | Europe | 12/31/2024 | 2976790 | 2765939 |
| Pacific Equity Partners Fund VI, L.P. \* <sup>(a) (b)</sup> | Buyout | Asia - Pacific | 1/1/2025 | 3380816 | 3747484 |
| Pamlico Capital IV, L.P. <sup>(a) (b)</sup> | Buyout | North America | 1/1/2025 | 9561983 | 10908213 |
| Platinum Equity Capital Partners IV, L.P. \* <sup>(a) (b)</sup> | Buyout | North America | 6/30/2025 | 6871073 | 8714276 |
| Redpoint Omega III, L.P. \* <sup>(a)</sup> | Growth Capital | North America | 1/1/2025 | 6182602 | 6394121 |
| Sentinel Capital Partners VI, L.P. \* <sup>(a) (b)</sup> | Buyout | North America | 1/1/2025 | 3467568 | 3148697 |
| SK Capital Partners V-A, L.P. <sup>(a) (b)</sup> | Buyout | North America | 1/1/2025 | 5966022 | 5380115 |
| Thoma Bravo Discover Fund III, L.P. \* <sup>(a) (b)</sup> | Buyout | North America | 1/1/2025 | 7022430 | 8683841 |

---

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONSOLIDATED PORTFOLIO OF INVESTMENTS.

**North Haven Private Assets Fund**

**CONSOLIDATED PORTFOLIO OF INVESTMENTS (CONTINUED)**

**June 30, 2025 (unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Investment**<br>**Strategy** | **Geographic**<br>**Region** | **Acquisition**<br>**Date** | **Cost**<br>**Basis** |<br>**Fair Value** |
| **Secondary Investments (continued)** |  |  |  |  |  |
| Warburg Pincus Private Equity XII-E, L.P. \* <sup>(a)</sup> | Buyout | North America | 6/30/2025 | $8907900 | $12101195 |
| WPEF VII Feeder 2 ILP <sup>(a) (b)</sup> | Buyout | Europe | 1/1/2025 | 6703159 | 7640394 |
| **Total Secondary Investments (Cost $122,523,639)** |  |  |  | $122523639 | $140257362 |
| **Total Private Equity Investments (Cost $133,272,894)** |  |  |  | $133272894 | $151006617 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Fair Value** |
| **Short-Term Investments (20.21%)** |  |  |
| State Street Institutional US Government Money Market Fund, 4.27%<sup>(c)</sup> | 35141554 | $35141554 |
| **Total Short-Term Investments (Cost $35,141,554)** |  | $**35141554** |
| **Total Investments (Cost $168,414,448) (107.04%)** |  | $**186148171** |
| **Other Assets and (Liabilities), Net (7.04%)** |  | **(12238786)** |
| **Net Assets (100.00%)** |  | $**173909385** |

---

\* Non Income Producing Security.

<sup>(a)</sup> Private equity investments 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 as shown in the Schedule of Investments. Total fair value of restricted investments as of June 30, 2025 was $151,006,617, or 86.83% of net assets.

<sup>(b)</sup> The Fund has unfunded commitments to the indicated investment as of June 30, 2025. Total unfunded commitments amount to $9,110,107 as of June 30, 2025.

<sup>(c)</sup> The rate shown is the annualized seven-day yield as of June 30, 2025.

---

| | |
|:---|:---|
| **Summary of Investments by Strategy (as a Percentage of Net Assets)** | |
| Co-Investments | 6.18% |
| Secondary Investments | 80.65% |
| Short-Term Investments | 20.21% |
| Other Assets and (Liabilities), Net | (7.04)% |
| **Total Net Assets** | 100.00% |

---

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONSOLIDATED PORTFOLIO OF INVESTMENTS.

**North Haven Private Assets Fund**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

**June 30, 2025 (Unaudited)**

**1.** **Organization** 

North Haven Private Assets Fund (the "Fund") is a Delaware statutory trust formed on June 28, 2024 and is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as a non-diversified, closed-end management investment company. In addition, for U.S. federal income tax purposes, the Fund intends to elect to be treated and intends to qualify each taxable year thereafter as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), beginning with the Fund's tax year ending September 30, 2025. The Fund's term is perpetual unless the Fund is otherwise terminated under the terms of the Fund's Amended and Restated Agreement and Declaration of Trust (the "Declaration of Trust").

Morgan Stanley AIP GP LP (the "Adviser") serves as the Fund's investment adviser. The Adviser is a limited partnership formed under the laws of the State of Delaware and is registered as an investment adviser under the Investment Advisers Act of 1940, as amended. The Adviser is an affiliate of Morgan Stanley and is responsible for providing day-to-day investment management services to the Fund, subject to the supervision of the Fund's Board of Trustees (each member a "Trustee" and, collectively, the "Board").

The Fund's investment objective is to seek to provide long-term capital appreciation through a highly curated portfolio of primarily private equity and other private assets (collectively, "private assets") actively managed by third-party managers ("Financial Sponsors"). The Fund's exposure to private assets will be focused primarily on private equity and, to a lesser extent, private credit and other private strategies. The Adviser may utilize a variety of investment techniques to obtain exposure to private assets, including (i) investments in private funds ("Partnership Interests") managed by Financial Sponsors via secondary purchases executed by the Adviser ("Secondary Partnership Interests") or, to a lesser extent, on a primary basis through commitments to recently established funds ("Primary Partnership Interests") and (ii) investments in operating companies or assets, typically alongside lead Financial Sponsors ("Asset-Specific Transactions"), often (but not exclusively) via co-investment transactions ("Co-Investments") GP-led Secondaries, or continuation fund opportunities.

The Fund's investment portfolio will include Secondary and Primary Partnership Interests, Co-Investments and GP-Led Secondaries. The investments in private asset funds managed by various unaffiliated asset managers ("Portfolio Funds") and special purpose vehicles that the Fund invests in will hold securities issued primarily by private companies.

**2.** **Fair Valuation Measurements** 

The Fund values its investments monthly at fair value in accordance with ASC Topic 820-10, Fair Value Measurements ("ASC 820-10"), which defines fair value as the price that would be received to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Fund has a formal Valuation Policy (the "Valuation Policy"), which has been approved by the Board Pursuant to Rule 2a-5 of the 1940 Act, the Board designated the Adviser as its Valuation Designee (the "Valuation Designee") to perform fair value determinations.

All investments are recorded at "fair value" in good faith. Fair value is based on actual or estimated market value, with special provisions for assets not having readily available market quotations, and for situations in which market quotations are deemed unreliable. Investments in Partnership Interests normally do not have readily available market prices.

The Fund uses net asset value ("NAV") as a practical expedient to determine the fair value of its investments in Partnership Interests. The fair values of the Partnership Interests, determined by the Adviser in accordance with the Valuation Policy, are estimates. These estimates are net of the Partnership Interests' management and performance incentive fees or allocations payable pursuant to the respective organizational documents of the Partnership Interests. Ordinarily, the fair value of a Partnership Interest is based on the NAV of that Partnership Interest reported by its investment manager (the "Portfolio Fund Manager"). If the Adviser determines that the most recent NAV reported by the Portfolio Fund Manager does not represent its fair value or if the Portfolio Fund Manager fails to report a NAV to the Fund, a fair value determination is made by the Adviser in accordance with the Valuation Policy. This includes adjusting the previous NAV provided by an investment manager with other relevant information available at the time the Adviser values a Partnership Interest, including capital activity and events occurring between the reference dates of the investment manager's valuation and the relevant valuation date, to the extent that the Adviser is aware of such information. Because of the inherent uncertainty of estimates, fair value determinations based on estimates may differ from the values that would have been used had a ready market for the securities existed, and the differences could be material.

For investments that do not have readily determinable fair values and for which it is not possible to use NAV as a practical expedient, such as certain investments in Co-Investments, the Valuation Designee will review and value such investments using one or more of the following types of analyses:

&nbsp;&nbsp;&nbsp;&nbsp;· Market comparable statistics and public trading multiples discounted for illiquidity and/or other factors
for investments with similar characteristics.

&nbsp;&nbsp;&nbsp;&nbsp;· Discounted cash flow analysis, including a terminal value or exit multiple.

&nbsp;&nbsp;&nbsp;&nbsp;· The entry valuation if the transaction was deemed a fair market transaction.

**North Haven Private Assets Fund**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued)**

**June 30, 2025 (Unaudited)**

**2.** **Fair Valuation Measurements (continued)** 

&nbsp;&nbsp;&nbsp;&nbsp;· Valuations implied by third-party investments in similar assets or issuers.

The Fund follows the provisions of ASC 820-10, Fair Value Measurements and Disclosures ("ASC 820-10"), which among other matters,requires enhanced disclosures about investments that are measured and reported at fair value. ASC 820-10 defines fair value, establishes a framework for measuring fair value in accordance with GAAP and expands disclosure of fair value measurements. ASC 820-10 determines fair value to be the price that would be received for an investment in a current sale, which assumes an orderly transaction between market participants on the measurement date. ASC 820-10 requires the Fund to assume that the portfolio investment is sold in its principal market to market participants or, in the absence of a principal market, the most advantageous market, which may be a hypothetical market. Market participants are defined as buyers and sellers in the principal or most advantageous market that are independent, knowledgeable, and willing and able to transact. In accordance with ASC 820-10, the Fund has considered its principal market as the market in which the Fund exits its portfolio investments with the greatest volume and level of activity. ASC 820-10 specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. In accordance with ASC 820-10,these inputs are summarized in the three broad levels listed below:

The three-tier hierarchy of inputs is summarized below:

&nbsp;&nbsp;&nbsp;&nbsp;· Level 1 — Inputs that reflect unadjusted quoted prices in active markets for identical financial
instruments that the reporting entity has the ability to access at the measurement date.

&nbsp;&nbsp;&nbsp;&nbsp;· Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the financial
instrument, either directly or indirectly. Level 2 inputs also include quoted prices for similar assets and liabilities in active markets,
and quoted prices for identical or similar assets and liabilities in markets that are not active.

&nbsp;&nbsp;&nbsp;&nbsp;· Level 3 — Significant unobservable inputs for the financial instrument (including management's
own assumptions in determining the fair value of investments).

Investments in Portfolio Funds are recorded at fair value, using the Portfolio Funds' net asset value as a "practical expedient," in accordance with ASC 820-10 and are excluded from leveling classification noted above.

Investments in Portfolio Funds generally are restricted securities that are subject to substantial holding periods and are not traded in public markets. Accordingly, the Fund may not be able to resell or realize some of its investments for extended periods, which may be several years. The types of Portfolio Funds that the Fund may make investments in include Primary Partnership Interests and Secondary Partnership Interests.

The fair value relating to certain underlying investments of these Portfolio Funds, for which there is no public market, has been estimated by the respective Portfolio Fund Manager and is based upon available information in the absence of readily ascertainable fair values and does not necessarily represent amounts that might ultimately be realized. Due to the inherent uncertainty of valuation, those estimated fair values may differ significantly from the values that would have been used had a public market for the investments existed. These differences could be material.

Portfolio Funds measure their investment assets at fair value, and typically report a NAV per share on a calendar quarterly basis. In accordance with ASC 820-10, the Fund has elected to apply the practical expedient methodology and to value its investments in Portfolio Funds at their respective NAVs typically at each quarter.

The amounts shown in the accompanying financial statements include adjustments in accordance with accounting principles generally accepted in the United States of America and known through the date of issuance of these financial statements as such, the net asset values for financial reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions.

Due to the inherent uncertainty of estimates, fair value determinations based on estimates may materially differ from the values that would have been used had a ready market for the securities existed. The following is a summary of the Fund's investments in affiliated funds which are classified in the fair value hierarchy as of June 30, 2025:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investments in Securities at Value** | **Level 1** | **Level 2** | **Level 3** | **Investments**<br> **Valued at NAV** | **Total** |
| Secondary Investments | $— | $— | $— | $140257362 | $140257362 |
| Co-Investments |  |  |  | 10749255 | 10749255 |
| Short-Term Investments | 35141554 |  |  |  | 35141554 |
| **Total** | $35141554 | $**—** | $**—** | $**151006617** | $**186148171** |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** North Haven Private Assets Fund

- **b. Investment Company Act file number:** 811-23986

- **c. CIK number of Registrant:** 0002029010

- **d. LEI of Registrant:** 254900W7OB91O6L72G95

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

  - **Street Address 1:** 100 FRONT STREET

  - **City:** WEST CONSHOHOCKEN

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19428

  - **Telephone number:** 212-761-4000

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

- **a. Name of Series:** North Haven Private Assets Fund

- **c. LEI of Series:** 254900W7OB91O6L72G95

**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:** $195059957.18

**Total Liabilities:** $21150572.22

**Net Assets:** $173909384.96

**Delayed Delivery Securities:** $17775846.38

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.01%                | 2.49%                | 7.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $70365.47                | $-213851.65                                |
| Month 2  | $2848512.33              | $944960.02                                 |
| Month 3  | $852283.09               | $11189892.37                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ABRY PARTNERS IX, L.P.                                     | ABRY PARTNERS IX, L.P.                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3810 | NS      | $4011853.00   | 2.31%             |  |  |  | No            | N/A                | On Loan: No      |
| AE INDUSTRIAL PARTNERS FUND II                             | AE INDUSTRIAL PARTNERS FUND II                             | CUSIP: 000000000<br>LEI: HJZQGXYTVV2NWJZLPW74 | Long             | EC               | CORP              | US        |      4201 | NS      | $5246427.00   | 3.02%             |  |  |  | No            | N/A                | On Loan: No      |
| ADVENT INTL GPE VIII B LP                                  | ADVENT INTL GPE VIII B LP                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8334 | NS      | $7338319.00   | 4.22%             |  |  |  | No            | N/A                | On Loan: No      |
| ADVENT INTERNATIONAL GPE IX F                              | ADVENT INTERNATIONAL GPE IX F                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      4517 | NS      | $5710618.80   | 3.28%             |  |  |  | No            | N/A                | On Loan: No      |
| REDPOINT OMEGA III                                         | REDPOINT OMEGA III                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6183 | NS      | $6394121.00   | 3.68%             |  |  |  | No            | N/A                | On Loan: No      |
| MARLEE CO INVEST                                           | MARLEE CO INVEST                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3669 | NS      | $3669143.00   | 2.11%             |  |  |  | No            | N/A                | On Loan: No      |
| MENRVA CO INVESTMENT, L.P.                                 | MENRVA CO INVESTMENT, L.P.                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      3557 | NS      | $3556779.00   | 2.05%             |  |  |  | No            | N/A                | On Loan: No      |
| GENSTAR CAPITAL PARTNERS IX LP                             | GENSTAR CAPITAL PARTNERS IX LP                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7209 | NS      | $8535113.00   | 4.91%             |  |  |  | No            | N/A                | On Loan: No      |
| ALPHA PRIVATE EQUITY FUND 7                                | ALPHA PRIVATE EQUITY FUND 7                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |     12215 | NS      | $18145381.63  | 10.43%            |  |  |  | No            | N/A                | On Loan: No      |
| SK CAPITAL PARTNERS V A LP                                 | SK CAPITAL PARTNERS V A LP                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5966 | NS      | $5380115.00   | 3.09%             |  |  |  | No            | N/A                | On Loan: No      |
| BAIN CAPITAL ASIA FUND IV, LP                              | BAIN CAPITAL ASIA FUND IV, LP                              | CUSIP: 000000000<br>LEI: 549300HTNQRDDB4PGJ34 | Long             | EC               | CORP              | KY        |      1603 | NS      | $1813886.00   | 1.04%             |  |  |  | No            | N/A                | On Loan: No      |
| IK SMALL CAP II FUND NO.1 SCSP                             | IK SMALL CAP II FUND NO.1 SCSP                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |       627 | NS      | $787930.30    | 0.45%             |  |  |  | No            | N/A                | On Loan: No      |
| PAMLICO CAPITAL IV, L.P.                                   | PAMLICO CAPITAL IV, L.P.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9562 | NS      | $10908213.00  | 6.27%             |  |  |  | No            | N/A                | On Loan: No      |
| ADVENT INTERNATIONAL GPEVIII H                             | ADVENT INTERNATIONAL GPEVIII H                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |      4880 | NS      | $6559837.00   | 3.77%             |  |  |  | No            | N/A                | On Loan: No      |
| WPEF VII FEEDER 2 ILP                                      | WPEF VII FEEDER 2 ILP                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      6474 | NS      | $7640393.51   | 4.39%             |  |  |  | No            | N/A                | On Loan: No      |
| THOMA BRAVO DISCOVER FUND III                              | THOMA BRAVO DISCOVER FUND III                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7022 | NS      | $8683841.00   | 4.99%             |  |  |  | No            | N/A                | On Loan: No      |
| SENTINEL CAPITAL PARTNERS VI                               | SENTINEL CAPITAL PARTNERS VI                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3468 | NS      | $3148697.00   | 1.81%             |  |  |  | No            | N/A                | On Loan: No      |
| CF24XB SCSP                                                | CF24XB SCSP                                                | CUSIP: 958ZID909<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |       495 | NS      | $494531.00    | 0.28%             |  |  |  | No            | N/A                | On Loan: No      |
| PLATINUM EQ CAP PRTNRS IV, L.P                             | PLATINUM EQ CAP PRTNRS IV, L.P                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6871 | NS      | $8714276.00   | 5.01%             |  |  |  | No            | N/A                | On Loan: No      |
| CORTEC GROUP FUND VII, L.P.                                | CORTEC GROUP FUND VII, L.P.                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3432 | NS      | $3684462.00   | 2.12%             |  |  |  | No            | N/A                | On Loan: No      |
| PACIFIC EQUITY PARTNERS FD VI                              | PACIFIC EQUITY PARTNERS FD VI                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |      5461 | NS      | $3747483.98   | 2.15%             |  |  |  | No            | N/A                | On Loan: No      |
| VESEY STREET CAPITAL PARTNERS                              | VESEY STREET CAPITAL PARTNERS                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3523 | NS      | $3523333.00   | 2.03%             |  |  |  | No            | N/A                | On Loan: No      |
| INFLEXION BUYOUT FUND V NO. 1                              | INFLEXION BUYOUT FUND V NO. 1                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |      2377 | NS      | $2765939.26   | 1.59%             |  |  |  | No            | N/A                | On Loan: No      |
| CF24XB SCSP                                                | CF24XB SCSP                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |       544 | NS      | $667776.00    | 0.38%             |  |  |  | No            | N/A                | On Loan: No      |
| GTCR FUND XII A/B LP                                       | GTCR FUND XII A/B LP                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7253 | NS      | $7776952.00   | 4.47%             |  |  |  | No            | N/A                | On Loan: No      |
| WARBURG PINCUS PE XII E                                    | WARBURG PINCUS PE XII E                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      8908 | NS      | $12101195.00  | 6.96%             |  |  |  | No            | N/A                | On Loan: No      |
| State Street Institutional US Government Money Market Fund | State Street Institutional US Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | EC               | RF                | US        |  35141554 | NS      | $35141554.07  | 20.21%            |  |  |  | No            | 1                  | On Loan: No      |

### Signature

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

**Name of Applicant:** North Haven Private Assets Fund

**Signature:** Anmol Darooka

**Name of Signer:** Anmol Darooka

**Title:** Chief Financial Officer and Treasurer