# EDGAR Filing Document

**Accession Number:** 0001807333
**File Stem:** 0002048251-26-002350
**Filing Date:** 2026-3
**Character Count:** 13904
**Document Hash:** fb717c33fe911d444daa75ff6f6796fb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-002350.hdr.sgml**: 20260319

**ACCESSION NUMBER**: 0002048251-26-002350

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20220630

**FILED AS OF DATE**: 20260319

**DATE AS OF CHANGE**: 20260319

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Wilshire Private Assets Master Fund
- **CENTRAL INDEX KEY:** 0001807333

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23607
- **FILM NUMBER:** 26773300

**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 Master Fund
- **DATE OF NAME CHANGE:** 20200320

## Nport-Ex

#### <br>

#### Delaware Wilshire Private Markets Fund

#### Schedule of Investments

#### June 30, 2022 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Master Fund — 98.3%**  |  | | |
| **Description** | ****<br>| **Shares** | **Fair Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Wilshire Private Markets Master Fund, Class Institutional  |  | 2366073 | $27895998 |
| &nbsp;&nbsp;&nbsp; Total Master Fund (Cost — $24,579,486) |  |  | 27895998 |
| **Short Term Investment — 1.7%** |  |  |  |
| **Description** | **Geographic Region** | **Shares**  | **Fair Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First American Government Obligations Fund, Class X |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.290%\*\* | North America | 482996 | 482996 |
| &nbsp;&nbsp;&nbsp; Total Short Term Investment (Cost — $482,996) |  |  | 482996 |
| Total Investments — 100.0% (Cost — $25,062,482) |  |  | $28378994 |
| &nbsp;&nbsp;&nbsp; Other Assets and Liabilities, Net — 0.0% |  |  | (7771) |
| &nbsp;&nbsp;&nbsp; Net Assets — 100.0% |  |  | $28371223 |

---

\*\* The rate reported is the 7-day effective yield as of June 30, 2022.

The following is a summary of the inputs used as of June 30, 2022 when valuing the Fund's investments:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investments in Securities** | **Level 1** | **Level 2** | **Level 3** | **Investments Valued at NAV** | **Total** |
| &nbsp;&nbsp;&nbsp; Master Fund | $— | $— | $— | $27895998 | $27895998 |
| &nbsp;&nbsp;&nbsp; Short Term Investment | 482996 |  |  |  | 482996 |
| Total Investments in Securities | $482996 | $— | $— | $27895998 | $28378994 |

---

For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.

DWP-QH-001-0300

------

#### Delaware Wilshire Private Markets Master Fund

#### Schedule of Investments

#### June 30, 2022 (Unaudited)

#### <br>

**---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Primary Private Fund Investments — 60.9% |  |  |  |  |  |  |  |
| Description | Initial Acquisition Date | Geographic Region | Industry | Commitment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unfunded<br> Portion of <br> Commitment | Shares | Fair Value |
| &nbsp;&nbsp;&nbsp; Buhuovc L.P.  | 3/8/2021 | Asia-Pacific | Venture Capital | $6500000 | $1052472 | (A) | $8243821 |
| &nbsp;&nbsp;&nbsp; H.I.G. Bayside Loan Opportunity Feeder VI  | 12/8/2020 | North America | Distressed Debt | 4000000 | 2927384 | (A) | 1928027 |
| &nbsp;&nbsp;&nbsp; Linden Structured Capital Fund L.P.  | 12/18/2020 | North America | Buyout | 6500000 | 2383324 | (A) | 5798149 |
| &nbsp;&nbsp;&nbsp; RCP MB Investments B, L.P.  | 12/26/2021 | North America | Buyout | 1000000 |  | (A) | 1000000 |
| Total Primary Private Fund Investments (Cost — $14,185,474) |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;16969997 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Secondary Private Fund Investments — 34.8% |  |  |  |  |  |  |  |
| Description | Initial Acquisition Date | Geographic Region | Industry | Commitment  | Unfunded<br> Portion of<br> Commitment | Shares | Fair Value  |
| &nbsp;&nbsp;&nbsp; Basalt Infrastructure Partners II, L.P.  | 11/17/2020 | UK, Europe and US | Infrastructure | 6000000 | 1097258 | (A) | 6523368 |
| &nbsp;&nbsp;&nbsp; Graphite Capital Partners VII A  | 7/19/2021 | Europe | Buyout | 1044282 | 51707 | (A) | 118363 |
| &nbsp;&nbsp;&nbsp; Graphite Capital Partners VII C  | 7/19/2021 | Europe | Buyout | 189872 | 9419 | (A) | 26737 |
| &nbsp;&nbsp;&nbsp; Graphite Capital Partners VII Top Up Fund  | 7/19/2021 | Europe | Buyout | 1404110 | 48842 | (A) |  |
| &nbsp;&nbsp;&nbsp; Graphite Capital Partners VII Top Up Fund Plus  | 7/19/2021 | Europe | Buyout | 745916 | 37305 | (A) |  |
| &nbsp;&nbsp;&nbsp; Graphite Capital Partners VIII B L.P.  | 7/19/2021 | Europe | Buyout | 487374 | 50448 | (A) | 417919 |
| &nbsp;&nbsp;&nbsp; Graphite Capital Partners VIII D L.P.  | 7/19/2021 | Europe | Buyout | 2781939 | 288700 | (A) | 2405618 |
| &nbsp;&nbsp;&nbsp; Graphite Capital Partners VIII Top Up Fund B L.P.  | 7/19/2021 | Europe | Buyout | 1475077 | 95497 | (A) | 229154 |
| Total Secondary Private Fund Investments (Cost — $8,174,292) |  |  |  |  |  |  | 9721159  |

---

---

| | | | |
|:---|:---|:---|:---|
| Short Term Investment — 1.9% |  |  |  |
| Description | Geographic Region  | Shares | Fair Value  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First American Government Obligations Fund, Class X |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.290%\*\* | North America  | 531717 | 531717 |
| &nbsp;&nbsp;&nbsp; Total Short Term Investment (Cost — $531,717) |  |  | 531717 |
| Total Investments — 97.6% (Cost — $22,891,483) |  |  | $27222873 |
| &nbsp;&nbsp;&nbsp; Other Assets and |  |  | 679096 |
| &nbsp;&nbsp;&nbsp; Liabilities, Net — 2.4% |  |  |  |
| &nbsp;&nbsp;&nbsp; Net Assets — 100.0% |  |  | $27901969 |

---

\*\* The rate reported is the 7-day effective yield as of June 30, 2022.

(A) Investment does not issue shares.

L.P. — Limited Partnership

------

#### Delaware Wilshire Private Markets Master Fund

#### Schedule of Investments

#### June 30, 2022 (Unaudited)

#### <br>

#### The following is a summary of the inputs used as of June 30, 2022 when valuing the Fund's investments:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Investments in Securities | Level 1 | Level 2 | Level 3 | Investments Valued at NAV | Total |
| &nbsp;&nbsp;&nbsp; Primary Private Fund Investments | $— | $— | $— | $16969997 | $16969997 |
| &nbsp;&nbsp;&nbsp; Secondary Private Fund Investments |  |  |  | 9721159 | 9721159 |
| &nbsp;&nbsp;&nbsp; Short Term Investment | 531717 |  |  |  | 531717 |
| Total Investments in Securities | $531717 | $— | $— | $26691156 | $27222873 |

---

#### <br>
For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.

DWP-QH-001-0300**

## 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 Master Fund

- **b. Investment Company Act file number:** 811-23607

- **c. CIK number of Registrant:** 0001807333

- **d. LEI of Registrant:** 549300G16JRWI5O36637

- **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 Master Fund

- **c. LEI of Series:** 549300G16JRWI5O36637

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-06-30

**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:** $28102355.94

**Total Liabilities:** $200386.53

**Net Assets:** $27901969.41

**Cash Not Reported:** $721317.31

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.08%               | -1.34%               | 0.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $253692.86               | $-217816.00                                |
| Month 2  | $-20358.00               | $-296312.00                                |
| Month 3  | $0.00                    | $-304486.00                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                                                    | Graphite Capital Partners VIII D LP PRIVATE EQUITY FUND             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               |  | GB        |   1373745 | NS      | $2405618.44   | 8.62%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                    | Graphite Capital Partners VIII B LP PRIVATE EQUITY FUND             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               |  | GB        |    258356 | NS      | $417918.66    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds, Inc: Government Obligations Fund; Class X Shares | FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND CLASS X CLASS X          | CUSIP: 31846V336<br>LEI: N/A | Long             | STIV             |  | US        |    531717 | PA      | $531717.14    | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                    | Linden Structured Capital Fund LP PRIVATE EQUITY FUND               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               |  | US        |   4913101 | NS      | $5798149.00   | 20.78%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                    | Graphite Capital Partners VII A PRIVATE EQUITY FUND                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               |  | GB        |     79951 | NS      | $118362.97    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                    | Graphite Capital Partners VII C PRIVATE EQUITY FUND                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               |  | GB        |     26380 | NS      | $26736.78     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                    | BUHUOVC LP PRIVATE EQUITY FUND                                      | CUSIP: 96BUH0001<br>LEI: N/A | Long             | EC               |  | US        |   6283070 | NS      | $8243821.00   | 29.55%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                    | Basalt Infrastructure Partners II C L.P. PRIVATE EQUITY FUND        | CUSIP: 96MSCGZU1<br>LEI: N/A | Long             | EC               |  | US        |   5558937 | NS      | $6523368.41   | 23.38%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                                    | RCP MB Investments B, L.P. PRIVATE EQUITY FUND                      | CUSIP: 99RCP2021<br>LEI: N/A | Long             | EC               |  | US        |   1000000 | NS      | $1000000.00   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                    | Graphite Capital Partners VIII Top Up Fund B LP PRIVATE EQUITY FUND | CUSIP: N/A<br>LEI: N/A       | Long             | EC               |  | GB        |    134590 | NS      | $229154.34    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                    | H.I.G. Bayside Loan Opportunity Feeder Fund VI PRIVATE EQUITY FUND  | CUSIP: N/A<br>LEI: N/A       | Long             | EC               |  | US        |   1989304 | NS      | $1928026.50   | 6.91%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-19

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

**Signature:** Andy Metzger

**Name of Signer:** Andy Metzger

**Title:** CFO