# EDGAR Filing Document

**Accession Number:** 0001807333
**File Stem:** 0002048251-25-002942
**Filing Date:** 2025-11
**Character Count:** 11533
**Document Hash:** 0b0eae8a4eb56e7630cd26a375f27c87
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-002942.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0002048251-25-002942

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20260331

**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
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23607
- **FILM NUMBER:** 251533960

**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

## 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:** 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:** $76505760.40

**Total Liabilities:** $145957.84

**Net Assets:** $76359802.56

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.58%                | 3.10%                | 1.66%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3008.90                 | $1143129.24                                |
| Month 2  | $0.00                    | $2099740.82                                |
| Month 3  | $278847.87               | $800489.18                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Bigtincan Holdings (Cayman), L.P                | Bigtincan Holdings (Cayman), L.P CO-INVEST PRIVATE EQUITY           | CUSIP: 99BTC2025<br>LEI: N/A | Long             | EC               |  | US        |   1330000 | NS      | $1329926.85   | 1.74%             |  |  |  | No            | N/A                | On Loan: No      |
| Graphite Capital Partners VIII D LP             | Graphite Capital Partners VIII D LP PRIVATE EQUITY FUND             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               |  | GB        |   1085022 | NS      | $1432796.03   | 1.88%             |  |  |  | No            | N/A                | On Loan: No      |
| Valor M33 IV L.P.                               | Valor M33 IV L.P. SECONDARY PRIVATE EQUITY                          | CUSIP: 99VAL2024<br>LEI: N/A | Long             | EC               |  | US        |   1531239 | NS      | $2787508.82   | 3.65%             |  |  |  | No            | N/A                | On Loan: No      |
| BLACKROCK TREASURY                              | BLACKROCK TREASURY INSTITUTIONAL #62                                | CUSIP: 09248U551<br>LEI: N/A | Long             | STIV             |  | US        |  10589234 | PA      | $10589233.50  | 13.87%            |  |  |  | No            | 1                  | On Loan: No      |
| Graphite Capital Partners VIII B LP             | Graphite Capital Partners VIII B LP PRIVATE EQUITY FUND             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               |  | GB        |    202489 | NS      | $237978.44    | 0.31%             |  |  |  | No            | N/A                | On Loan: No      |
| Ascend SMG Co-invest 3, L.P.                    | Ascend SMG Co-invest 3, L.P. CO-INVEST PRIVATE EQUITY               | CUSIP: 99ASM2025<br>LEI: N/A | Long             | EC               |  | US        |   2654057 | NS      | $2654057.00   | 3.48%             |  |  |  | No            | N/A                | On Loan: No      |
| Overbay Capital Partners 2024 Fund              | Overbay Capital Partners 2024 Fund SECONDARY PRIVATE EQUITY         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               |  | US        |   3444500 | NS      | $4596282.24   | 6.02%             |  |  |  | No            | N/A                | On Loan: No      |
| MIDOCEAN ABSOLUTE RETURN CREDIT FUND LP         | MIDOCEAN ABSOLUTE RETURN CREDIT FUND LP PRIVATE EQUITY FUND         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               |  | US        |   2863000 | NS      | $2967568.21   | 3.89%             |  |  |  | No            | N/A                | On Loan: No      |
| Linden Structured Capital Fund LP               | Linden Structured Capital Fund LP PRIVATE EQUITY FUND               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               |  | US        |   6508162 | NS      | $9266366.19   | 12.14%            |  |  |  | No            | N/A                | On Loan: No      |
| Ethos Insurance Co-Investment I GP LLC          | Ethos Insurance Co-Investment I GP LLC CO-INVEST PRIVATE EQUITY     | CUSIP: 99ETH2025<br>LEI: N/A | Long             | EC               |  | US        |   2400000 | NS      | $2400000.00   | 3.14%             |  |  |  | No            | N/A                | On Loan: No      |
| Raven Asset Based Credit Fund II LP             | Raven Asset Based Credit Fund II LP 4/21/2026                       | CUSIP: N/A<br>LEI: N/A       | Long             | LON              |  | US        |   2000000 | PA      | $2000000.00   | 2.62%             | 2026-04-21      | Floating      | 14.38%                | No            | N/A                | On Loan: No      |
| Graphite Capital Partners VII A                 | Graphite Capital Partners VII A PRIVATE EQUITY FUND                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               |  | GB        |     79951 | NS      | $177423.23    | 0.23%             |  |  |  | No            | N/A                | On Loan: No      |
| Overbay Capital Partners 2025 Fund              | Overbay Capital Partners 2025 Fund SECONDARY PRIVATE EQUITY         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               |  | US        |   3500000 | NS      | $4542258.00   | 5.95%             |  |  |  | No            | N/A                | On Loan: No      |
| Vector Capital VI, L.P                          | Vector Capital VI, L.P PRIVATE EQUITY FUND                          | CUSIP: N/A<br>LEI: N/A       | Long             | EC               |  | US        |    220607 | NS      | $246275.95    | 0.32%             |  |  |  | No            | N/A                | On Loan: No      |
| Graphite Capital Partners VII C                 | Graphite Capital Partners VII C PRIVATE EQUITY FUND                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               |  | GB        |     26380 | NS      | $40126.43     | 0.05%             |  |  |  | No            | N/A                | On Loan: No      |
| Vector Capital V, L.P.                          | Vector Capital V, L.P. PRIVATE EQUITY FUND                          | CUSIP: 99VCV2025<br>LEI: N/A | Long             | EC               |  | US        |   2625000 | NS      | $2730425.25   | 3.58%             |  |  |  | No            | N/A                | On Loan: No      |
| BUHUOVC LP                                      | BUHUOVC LP PRIVATE EQUITY FUND                                      | CUSIP: 96BUH0001<br>LEI: N/A | Long             | EC               |  | US        |   5748476 | NS      | $7940001.87   | 10.40%            |  |  |  | No            | N/A                | On Loan: No      |
| Basalt Infrastructure Partners II C L.P.        | Basalt Infrastructure Partners II C L.P. PRIVATE EQUITY FUND        | CUSIP: 96MSCGZU1<br>LEI: N/A | Long             | EC               |  | US        |   4132713 | NS      | $4579430.53   | 6.00%             |  |  |  | No            | N/A                | On Loan: No      |
| RCP MB Investments B, L.P.                      | RCP MB Investments B, L.P. PRIVATE EQUITY FUND                      | CUSIP: 99RCP2021<br>LEI: N/A | Long             | EC               |  | US        |   1004761 | NS      | $1108080.57   | 1.45%             |  |  |  | No            | N/A                | On Loan: No      |
| BREVET DIRECT LENDING SHORT DURATION FUND LTD   | BREVET DIRECT LENDING SHORT DURATION FUND LTD PRIVATE EQUITY FUND   | CUSIP: 96BREV001<br>LEI: N/A | Long             | EC               |  | US        |   2000000 | NS      | $2393240.00   | 3.13%             |  |  |  | No            | N/A                | On Loan: No      |
| Graphite Capital Partners VIII Top Up Fund B LP | Graphite Capital Partners VIII Top Up Fund B LP PRIVATE EQUITY FUND | CUSIP: N/A<br>LEI: N/A       | Long             | EC               |  | GB        |    155556 | NS      | $244791.80    | 0.32%             |  |  |  | No            | N/A                | On Loan: No      |
| VISTA EQUITY PARTNERS HUBBLE, L.P.              | VISTA EQUITY PARTNERS HUBBLE, L.P. CLOUD SOFTWARE GROUP, INC        | CUSIP: 99VEP2025<br>LEI: N/A | Long             | EC               |  | US        |   2088537 | NS      | $3148837.11   | 4.12%             |  |  |  | No            | N/A                | On Loan: No      |
| STAR MOUNTAIN STRATEGIC CREDIT                  | STAR MOUNTAIN STRATEGIC CREDIT INCOME FUND IV (OFFSHORE), LP        | CUSIP: 99SMT2024<br>LEI: N/A | Long             | EC               |  | US        |   6162811 | NS      | $7031773.51   | 9.21%             |  |  |  | No            | N/A                | On Loan: No      |
| H.I.G. Bayside Loan Opportunity Feeder Fund VI  | H.I.G. Bayside Loan Opportunity Feeder Fund VI PRIVATE EQUITY FUND  | CUSIP: N/A<br>LEI: N/A       | Long             | EC               |  | US        |   2391073 | NS      | $1947932.92   | 2.55%             |  |  |  | No            | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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