# EDGAR Filing Document

**Accession Number:** 0001807333
**File Stem:** 0002048251-26-002356
**Filing Date:** 2026-3
**Character Count:** 13601
**Document Hash:** 409716ba29d8572f61f8b965b9fcb04f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-002356.hdr.sgml**: 20260319

**ACCESSION NUMBER**: 0002048251-26-002356

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**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:** 26773340

**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<br> Schedule of Investments<br> December 31, 2022 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Master Fund — 98.6%** &nbsp;&nbsp;&nbsp;&nbsp; | **Master Fund — 98.6%** &nbsp;&nbsp;&nbsp;&nbsp; | **Master Fund — 98.6%** &nbsp;&nbsp;&nbsp;&nbsp; | **Master Fund — 98.6%** &nbsp;&nbsp;&nbsp;&nbsp; |
|  | **Geographic** |  | |
| **Description** | **Region** | **Shares** | **Fair Value** |
| &nbsp;&nbsp;&nbsp; Delaware Wilshire Private Markets Master Fund, Class Institutional | North America | &nbsp;&nbsp;&nbsp;&nbsp;2404241 | $26302394 |
| &nbsp;&nbsp;&nbsp; Total Master Fund (Cost — $25,029,486)  |  |  | 26302394 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Short Term Investment — 1.1%** &nbsp;&nbsp;&nbsp;&nbsp; | **Short Term Investment — 1.1%** &nbsp;&nbsp;&nbsp;&nbsp; | **Short Term Investment — 1.1%** &nbsp;&nbsp;&nbsp;&nbsp; | **Short Term Investment — 1.1%** &nbsp;&nbsp;&nbsp;&nbsp; |
|  | **Geographic** |  | |
| **Description** | **Region** | **Shares** | **Fair Value** |
| &nbsp;&nbsp;&nbsp; First American Government Obligations Fund, Class X 4.030%\*\* | North America | &nbsp;&nbsp;&nbsp;&nbsp;305993 | 305993 |
| &nbsp;&nbsp;&nbsp; Total Short Term Investment (Cost — $305,993) |  |  | 305993 |
| Total Investments — 99.7% (Cost — $25,335,479) |  |  | $26608387 |
| &nbsp;&nbsp;&nbsp; Other Assets and Liabilities, Net — 0.3% |  |  | 73476 |
| &nbsp;&nbsp;&nbsp; Net Assets — 100.0% |  |  | $26681863 |

---

\*\* The rate reported is the 7-day effective yield as of December 31, 2022.

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-001-0400

------

#### Delaware Wilshire Private Markets Master Fund<br> Schedule of Investments<br> December 31, 2022 (Unaudited)

#### <br>

**---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Primary Private Fund Investments — 72.2% | Primary Private Fund Investments — 72.2% | Primary Private Fund Investments — 72.2% | Primary Private Fund Investments — 72.2% | Primary Private Fund Investments — 72.2% | Primary Private Fund Investments — 72.2% | Primary Private Fund Investments — 72.2% | Primary Private Fund Investments — 72.2% |
|  |  | Geographic<br> Region |  |  | Unfunded<br> Portion of<br> Commitment |  |  |
| Description  | Initial | Geographic<br> Region |  |  | Unfunded<br> Portion of<br> Commitment |  |  |
| Description  | Acquisition Date | Geographic<br> Region | Industry | Commitment | 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) | $8682446 |
| &nbsp;&nbsp;&nbsp; H.I.G. Bayside Loan Opportunity Feeder VI  | 12/8/2020 | North America | Distressed Debt | 4000000 | 2927384 | (A) | 2322958 |
| &nbsp;&nbsp;&nbsp; Linden Structured Capital Fund L.P.  | 12/18/2020 | North America | Buyout | 6500000 | 796625 | (A) | 6976571 |
| &nbsp;&nbsp;&nbsp; RCP MB Investments B, L.P.  | 12/26/2021 | North America | Buyout | 1000000 |  | (A) | 999740 |
| Total Primary Private Fund Investments (Cost — $15,833,734)  | Total Primary Private Fund Investments (Cost — $15,833,734)  |  |  |  |  |  | 18981715  |

---

**

<br> **---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Secondary Private Fund Investments — 25.2% | Secondary Private Fund Investments — 25.2% | Secondary Private Fund Investments — 25.2% | Secondary Private Fund Investments — 25.2% | Secondary Private Fund Investments — 25.2% | Secondary Private Fund Investments — 25.2% | Secondary Private Fund Investments — 25.2% | Secondary Private Fund Investments — 25.2% |
|  |  | Geographic<br> Region |  |  | Unfunded<br> Portion of<br> Commitment |  |  |
| Description | Initial | Geographic<br> Region |  |  | Unfunded<br> Portion of<br> Commitment |  |  |
| Description | Acquisition Date | Geographic<br> Region | Industry | Commitment | Unfunded<br> Portion of<br> Commitment | Shares | Fair Value |
| Basalt Infrastructure Partners II, L.P. | 11/17/2020 | UK, Europe <br> and US | Infrastructure | 6000000 | 1097258 | (A) | 3856789 |
| Graphite Capital Partners VII A | 7/19/2021 | Europe | Buyout | 1044282 | 51707 | (A) | 133350 |
| Graphite Capital Partners VII C | 7/19/2021 | Europe | Buyout | 189872 | 9419 | (A) | 30146 |
| Graphite Capital Partners VIII B L.P. | 7/19/2021 | Europe | Buyout | 487374 | 50448 | (A) | 339893 |
| Graphite Capital Partners VIII D L.P. | 7/19/2021 | Europe | Buyout | 2781939 | 288700 | (A) | 2003383 |
| Graphite Capital Partners VIII Top Up Fund B L.P. | 7/19/2021 | Europe | Buyout | 1475077 | 95497 | (A) | 264586 |
| Total Secondary Private Fund Investments (Cost — $6,706,248) | Total Secondary Private Fund Investments (Cost — $6,706,248) |  |  |  |  |  | 6628147 |

---

**

---

| | | | |
|:---|:---|:---|:---|
| **Short Term Investment — 12.9%**&nbsp;&nbsp;&nbsp;&nbsp; | **Short Term Investment — 12.9%**&nbsp;&nbsp;&nbsp;&nbsp; | **Short Term Investment — 12.9%**&nbsp;&nbsp;&nbsp;&nbsp; | **Short Term Investment — 12.9%**&nbsp;&nbsp;&nbsp;&nbsp; |
|  | **Geographic** |  | |
| **Description** | **Region** | **Shares** | **Fair Value** |
| &nbsp;&nbsp;&nbsp; First American Government Obligations Fund, Class X 4.030%\*\* | North America | &nbsp;&nbsp;&nbsp;&nbsp;3392805 | 3392805 |
| &nbsp;&nbsp;&nbsp; Total Short Term Investment (Cost — $3,392,805) |  |  | 3392805 |
| Total Investments — 110.3% (Cost — $25,932,787) |  |  | $29002667  |
| &nbsp;&nbsp;&nbsp; Other Assets and Liabilities, Net — (10.3)% |  |  | (2697367) |
| &nbsp;&nbsp;&nbsp; Net Assets — 100.0% |  |  | $26305300 |

---

\*\* The rate reported is the 7-day effective yield as of December 31, 2022.

(A) Investment does not issue shares.

L.P. — Limited Partnership

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-001-0400

## 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:** 2022-12-31

**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:** $29140856.49

**Total Liabilities:** $2835556.32

**Net Assets:** $26305300.17

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.24%               | 1.69%                | 0.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $4186.16                                   |
| Month 2  | $-33139.76               | $403376.55                                 |
| Month 3  | $171351.13               | $-724004.60                                |

### 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        |   1310047 | NS      | $2003382.63   | 7.62%             |  |  |  | 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        |    241599 | NS      | $339893.26    | 1.29%             |  |  |  | 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        |   3392805 | PA      | $3392804.71   | 12.90%            |  |  |  | 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        |   6008315 | NS      | $6976571.00   | 26.52%            |  |  |  | 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      | $133350.26    | 0.51%             |  |  |  | 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      | $30145.32     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                    | BUHUOVC LP PRIVATE EQUITY FUND                                      | CUSIP: 96BUH0001<br>LEI: N/A | Long             | EC               |  | US        |   6283070 | NS      | $8682446.00   | 33.01%            |  |  |  | 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        |   4265341 | NS      | $3856789.13   | 14.66%            |  |  |  | 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        |   1002265 | NS      | $999740.00    | 3.80%             |  |  |  | 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      | $264586.05    | 1.01%             |  |  |  | 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        |   2540085 | NS      | $2322958.40   | 8.83%             |  |  |  | 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