# EDGAR Filing Document

**Accession Number:** 0001912938
**File Stem:** 0001193125-25-303731
**Filing Date:** 2025-12
**Character Count:** 26560
**Document Hash:** 5fb7da172c3af8e1a316f7cdcb502316
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-303731.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0001193125-25-303731

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** First Trust Private Assets Fund
- **CENTRAL INDEX KEY:** 0001912938

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23791
- **FILM NUMBER:** 251539169

**BUSINESS ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 414-299-2270

**MAIL ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** First Trust Private Assets Fund

- **b. Investment Company Act file number:** 811-23791

- **c. CIK number of Registrant:** 0001912938

- **d. LEI of Registrant:** 5493007PT5U10GXVN702

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

  - **Street Address 1:** 235 West Galena Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53212

  - **Telephone number:** 414-299-2270

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

- **a. Name of Series:** First Trust Private Assets Fund

- **c. LEI of Series:** 5493007PT5U10GXVN702

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $51191224.11

**Total Liabilities:** $769133.61

**Net Assets:** $50422090.50

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.70%                | 1.62%                | 0.46%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $24999.74                | $367239.36                                 |
| Month 2  | $865.00                  | $830527.91                                 |
| Month 3  | $33416.04                | $179095.21                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| HEDOSOPHIA INVEST FUND LP SHIFT 5   /         | HEDOSOPHIA INVEST FUND LP SHIFT 5   /         | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $758571.00    | 1.50%             |  |  |  | Yes           | N/A                | On Loan: No      |
| HS INVESTMENTS IV M L.P.   /                  | HS INVESTMENTS IV M L.P.   /                  | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | XX        |         1 | NS      | $392541.68    | 0.78%             |  |  |  | Yes           | N/A                | On Loan: No      |
| KERN RIVER CAPITAL, LLC   /                   | KERN RIVER CAPITAL, LLC   /                   | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $289029.00    | 0.57%             |  |  |  | Yes           | N/A                | On Loan: No      |
| KQ PARTNERS LP    /                           | KQ PARTNERS LP    /                           | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $1239413.00   | 2.46%             |  |  |  | Yes           | N/A                | On Loan: No      |
| L CATTERTON EUROPE I V, SLP   /               | L CATTERTON EUROPE I V, SLP   /               | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | XX        |         1 | NS      | $523090.28    | 1.04%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MISFITS MARKET COMMON SHARES   /              | MISFITS MARKET COMMON SHARES   /              | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | CORP              | US        |      5615 | NS      | $171313.65    | 0.34%             |  |  |  | No            | 3                  | On Loan: No      |
| MISFITS MARKETS PREFERRED SHARES   /          | MISFITS MARKETS PREFERRED SHARES   /          | CUSIP: 999999999<br>LEI: N/A | Long             | EP               | CORP              | US        |      4243 | NS      | $130981.41    | 0.26%             |  |  |  | No            | 3                  | On Loan: No      |
| RA CAPITAL NEXUS FUN D, LP   /                | RA CAPITAL NEXUS FUN D, LP   /                | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $468321.00    | 0.93%             |  |  |  | Yes           | N/A                | On Loan: No      |
| RA CAPITAL NEXUS FUN D II, LP   /             | RA CAPITAL NEXUS FUN D II, LP   /             | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $159837.00    | 0.32%             |  |  |  | Yes           | N/A                | On Loan: No      |
| RA CAPITAL NEXUS FUN D III, LP   /            | RA CAPITAL NEXUS FUN D III, LP   /            | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $155424.00    | 0.31%             |  |  |  | Yes           | N/A                | On Loan: No      |
| POINT 72 HYPERSCALE, L.P.   /                 | POINT 72 HYPERSCALE, L.P.   /                 | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $108446.00    | 0.22%             |  |  |  | Yes           | N/A                | On Loan: No      |
| QUIET SELECT FT LP (CLASS E)   /              | QUIET SELECT FT LP (CLASS E)   /              | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $758083.00    | 1.50%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Quiet Select F EON FT Class F - Eon   /       | Quiet Select F EON FT Class F - Eon   /       | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $353234.00    | 0.70%             |  |  |  | Yes           | N/A                | On Loan: No      |
| QONTO COMMON   /                              | QONTO COMMON   /                              | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | CORP              | XX        |       562 | NS      | $88944.85     | 0.18%             |  |  |  | No            | 3                  | On Loan: No      |
| QONTO PREFERRED SERIES D   /                  | QONTO PREFERRED SERIES D   /                  | CUSIP: 999999999<br>LEI: N/A | Long             | EP               | CORP              | XX        |      2248 | NS      | $365201.03    | 0.72%             |  |  |  | No            | 3                  | On Loan: No      |
| QUIET T1, LP    /                             | QUIET T1, LP    /                             | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $579804.00    | 1.15%             |  |  |  | Yes           | N/A                | On Loan: No      |
| QUIET T1, LP (CLASS B)   /                    | QUIET T1, LP (CLASS B)   /                    | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $496815.00    | 0.99%             |  |  |  | Yes           | N/A                | On Loan: No      |
| QUIET VENTURE II, L. P.   /                   | QUIET VENTURE II, L. P.   /                   | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $338329.00    | 0.67%             |  |  |  | Yes           | N/A                | On Loan: No      |
| QUIET VENTURE III, L .P.   /                  | QUIET VENTURE III, L .P.   /                  | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $1435132.00   | 2.85%             |  |  |  | Yes           | N/A                | On Loan: No      |
| QUIET SELECT FT, LP (CLASS B)   /             | QUIET SELECT FT, LP (CLASS B)   /             | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $757250.00    | 1.50%             |  |  |  | Yes           | N/A                | On Loan: No      |
| QUIET SELECT FT, LP (CLASS C)   /             | QUIET SELECT FT, LP (CLASS C)   /             | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $1261873.00   | 2.50%             |  |  |  | Yes           | N/A                | On Loan: No      |
| QUIET SELECT FT, LP (CLASS D)   /             | QUIET SELECT FT, LP (CLASS D)   /             | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $504967.00    | 1.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| QUIET ML L.P.    /                            | QUIET ML L.P.    /                            | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $30118.00     | 0.06%             |  |  |  | Yes           | N/A                | On Loan: No      |
| QUIET OA ACCESS LP    /                       | QUIET OA ACCESS LP    /                       | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $1262610.00   | 2.50%             |  |  |  | Yes           | N/A                | On Loan: No      |
| QUIET VENTURE I, L.P    /                     | QUIET VENTURE I, L.P    /                     | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $2010256.78   | 3.99%             |  |  |  | Yes           | N/A                | On Loan: No      |
| REVERENCE CAPITAL PA RTNERS OPPORTUNITIES   / | REVERENCE CAPITAL PA RTNERS OPPORTUNITIES   / | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $475663.79    | 0.94%             |  |  |  | Yes           | N/A                | On Loan: No      |
| FUND C-1, A SERIES O F RIOT VENTURES OPPO   / | FUND C-1, A SERIES O F RIOT VENTURES OPPO   / | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $37552.00     | 0.07%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ROUTE APP PREFERRED SERIES A   /              | ROUTE APP PREFERRED SERIES A   /              | CUSIP: 999999999<br>LEI: N/A | Long             | EP               | CORP              | US        |    130209 | NS      | $497398.38    | 0.99%             |  |  |  | No            | 3                  | On Loan: No      |
| Savory Fund III I Coinvest I LLC   /          | Savory Fund III I Coinvest I LLC   /          | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $505020.00    | 1.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| SEER CAPITAL PARTNER S FUND LP   /            | SEER CAPITAL PARTNER S FUND LP   /            | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $200893.00    | 0.40%             |  |  |  | Yes           | N/A                | On Loan: No      |
| UMB MONEY MARKET II SPECIAL   /               | UMB MONEY MARKET II SPECIAL   /               | CUSIP: SF8888628<br>LEI: N/A | Long             | STIV             | CORP              | US        |   4400157 | PA      | $4400157.06   | 8.73%             |  |  |  | No            | 1                  | On Loan: No      |
| SAVORY FUND III BLOC KED LP   /               | SAVORY FUND III BLOC KED LP   /               | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $468844.00    | 0.93%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TPG TECH ADJACENCIES II INTERFACE II   /      | TPG TECH ADJACENCIES II INTERFACE II   /      | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $268115.00    | 0.53%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TPG TECH ADJACENCIES II INTERFACE, L.P.   /   | TPG TECH ADJACENCIES II INTERFACE, L.P.   /   | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $554018.00    | 1.10%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TPG TECH ADJACENCIES II VEGA, LP   /          | TPG TECH ADJACENCIES II VEGA, LP   /          | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $1037694.00   | 2.06%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TPG TECH ADJACENCIES II VITAL CI, L.P.   /    | TPG TECH ADJACENCIES II VITAL CI, L.P.   /    | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $838287.00    | 1.66%             |  |  |  | Yes           | N/A                | On Loan: No      |
| WORKRISE COMMON   /                           | WORKRISE COMMON   /                           | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | CORP              | US        |      3570 | NS      | $456888.60    | 0.91%             |  |  |  | No            | 3                  | On Loan: No      |
| 137 DIRECT FUND, LP    /                      | 137 DIRECT FUND, LP    /                      | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $738606.00    | 1.46%             |  |  |  | Yes           | N/A                | On Loan: No      |
| 137 HOLDINGS AI II, LLC   /                   | 137 HOLDINGS AI II, LLC   /                   | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $1481261.00   | 2.94%             |  |  |  | Yes           | N/A                | On Loan: No      |
| 137 HOLDINGS AP LLC   /                       | 137 HOLDINGS AP LLC   /                       | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $1250000.00   | 2.48%             |  |  |  | Yes           | N/A                | On Loan: No      |
| 137 HOLDINGS MS LLC- SERIES 2024-1   /        | 137 HOLDINGS MS LLC- SERIES 2024-1   /        | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $481722.00    | 0.96%             |  |  |  | Yes           | N/A                | On Loan: No      |
| 137 OPPORTUNITY FUND , LP   /                 | 137 OPPORTUNITY FUND , LP   /                 | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $411660.00    | 0.82%             |  |  |  | Yes           | N/A                | On Loan: No      |
| 137 HOLDINGS RBC, LLC   /                     | 137 HOLDINGS RBC, LLC   /                     | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $2174809.00   | 4.31%             |  |  |  | Yes           | N/A                | On Loan: No      |
| 137 HOLDINGS SXVII, LLC   /                   | 137 HOLDINGS SXVII, LLC   /                   | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $53191.00     | 0.11%             |  |  |  | Yes           | N/A                | On Loan: No      |
| 137 HOLDINGS SXX, LLC   /                     | 137 HOLDINGS SXX, LLC   /                     | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $933079.00    | 1.85%             |  |  |  | Yes           | N/A                | On Loan: No      |
| 137 VENTURES VI, LP    /                      | 137 VENTURES VI, LP    /                      | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $1122808.00   | 2.23%             |  |  |  | Yes           | N/A                | On Loan: No      |
| AIRWALLEX COMMON   /                          | AIRWALLEX COMMON   /                          | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | CORP              | US        |     44050 | NS      | $725944.00    | 1.44%             |  |  |  | No            | 3                  | On Loan: No      |
| ARLINGTON CAPITAL PA RTNERS VI, LP   /        | ARLINGTON CAPITAL PA RTNERS VI, LP   /        | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $1006974.00   | 2.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| BAIN CAPITAL FUND XI I, LP   /                | BAIN CAPITAL FUND XI I, LP   /                | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $333294.00    | 0.66%             |  |  |  | Yes           | N/A                | On Loan: No      |
| BAIN CAPITAL FUND XI , LP   /                 | BAIN CAPITAL FUND XI , LP   /                 | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $321978.00    | 0.64%             |  |  |  | Yes           | N/A                | On Loan: No      |
| CARLYLE EUROPE PARTN ERS V, S.C.SP.   /       | CARLYLE EUROPE PARTN ERS V, S.C.SP.   /       | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | XX        |         1 | NS      | $946702.28    | 1.88%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Carlyle Equ Fnd II LP Silver INV HLDCRP   /   | Carlyle Equ Fnd II LP Silver INV HLDCRP   /   | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $895552.00    | 1.78%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Chime Financial Inc                           | Chime Financial, Inc. - Class A               | CUSIP: 16935C109<br>LEI: N/A | Long             | EC               | CORP              | US        |     42727 | NS      | $861803.59    | 1.71%             |  |  |  | No            | 1                  | On Loan: No      |
| EMPOWER FINANCE PREFERRED SERIES C   /        | EMPOWER FINANCE PREFERRED SERIES C   /        | CUSIP: 999999999<br>LEI: N/A | Long             | EP               | CORP              | US        |    140481 | NS      | $1137896.10   | 2.26%             |  |  |  | No            | 3                  | On Loan: No      |
| EPIC GAMES    /                               | EPIC GAMES    /                               | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | CORP              | US        |      1873 | NS      | $1219529.03   | 2.42%             |  |  |  | No            | 3                  | On Loan: No      |
| EURO CURRENCY  /                              | EURO CURRENCY  /                              | CUSIP: 999999999<br>LEI: N/A | Long             | STIV             |  | XX        |     30260 | OU      | $35524.77     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| GHO Capital IV USD LP   /                     | GHO Capital IV USD LP   /                     | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $21283.08     | 0.04%             |  |  |  | Yes           | N/A                | On Loan: No      |
| GPS IV L.P.    /                              | GPS IV L.P.    /                              | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $162036.78    | 0.32%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Hedosophia Inv VI J LP   /                    | Hedosophia Inv VI J LP   /                    | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $767307.81    | 1.52%             |  |  |  | Yes           | N/A                | On Loan: No      |
| HEDOSOPHIA PARTNERS III L.P.   /              | HEDOSOPHIA PARTNERS III L.P.   /              | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $631763.00    | 1.25%             |  |  |  | Yes           | N/A                | On Loan: No      |
| HEDOSOPHIA PARTNERS V L.P.   /                | HEDOSOPHIA PARTNERS V L.P.   /                | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $202071.91    | 0.40%             |  |  |  | Yes           | N/A                | On Loan: No      |
| HEDOSOPHIA PARTNERS V PARALLEL L.P.   /       | HEDOSOPHIA PARTNERS V PARALLEL L.P.   /       | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $83463.00     | 0.17%             |  |  |  | Yes           | N/A                | On Loan: No      |
| HEDOSOPHIA PARTNERS VI L.P.   /               | HEDOSOPHIA PARTNERS VI L.P.   /               | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $1097492.00   | 2.18%             |  |  |  | Yes           | N/A                | On Loan: No      |
| HEDOSOPHIA INVESTMEN TS VI E L.P   /          | HEDOSOPHIA INVESTMEN TS VI E L.P   /          | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | XX        |         1 | NS      | $1188158.80   | 2.36%             |  |  |  | Yes           | N/A                | On Loan: No      |
| HEDOSOPHIA INVESTM VI G L.P.   /              | HEDOSOPHIA INVESTM VI G L.P.   /              | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $1013402.00   | 2.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Hedosophia Inv VI I LP   /                    | Hedosophia Inv VI I LP   /                    | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $309000.00    | 0.61%             |  |  |  | Yes           | N/A                | On Loan: No      |
| HS INVESTMENTS EU21 LP   /                    | HS INVESTMENTS EU21 LP   /                    | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | XX        |         1 | NS      | $39261.56     | 0.08%             |  |  |  | Yes           | N/A                | On Loan: No      |
| HS INVESTMENTS EU23 L.P.   /                  | HS INVESTMENTS EU23 L.P.   /                  | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | XX        |         1 | NS      | $1173408.08   | 2.33%             |  |  |  | Yes           | N/A                | On Loan: No      |
| HS INVESTMENTS N.A.18 L.P.   /                | HS INVESTMENTS N.A.18 L.P.   /                | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $2010545.00   | 3.99%             |  |  |  | Yes           | N/A                | On Loan: No      |
| HS INVESTMENTS V F L.P.   /                   | HS INVESTMENTS V F L.P.   /                   | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | XX        |         1 | NS      | $904773.42    | 1.79%             |  |  |  | Yes           | N/A                | On Loan: No      |
| HS INVESTMENTS VI A L.P.   /                  | HS INVESTMENTS VI A L.P.   /                  | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $1002814.00   | 1.99%             |  |  |  | Yes           | N/A                | On Loan: No      |
| HS INVESTMENTS VI B L.P.   /                  | HS INVESTMENTS VI B L.P.   /                  | CUSIP: 999999999<br>LEI: N/A | Long             | EC               | RF                | US        |         1 | NS      | $1060604.00   | 2.10%             |  |  |  | Yes           | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2025-10-06

**Name of Applicant:** First Trust Private Assets Fund

**Signature:** /s/ Michael D. Peck

**Name of Signer:** Michael D. Peck

**Title:** President