# EDGAR Filing Document

**Accession Number:** 0001807333
**File Stem:** 0002048251-26-002362
**Filing Date:** 2026-3
**Character Count:** 14406
**Document Hash:** f8d397a0433f0f8a61524df88837247d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-002362.hdr.sgml**: 20260319

**ACCESSION NUMBER**: 0002048251-26-002362

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230630

**FILED AS OF DATE**: 20260319

**DATE AS OF CHANGE**: 20260319

**PERIOD START**: 20240331

**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:** 26773388

**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

Delaware Wilshire Private Markets Fund

Schedule of Investments

June 30, 2023 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Master Fund — 99.3%** |  |  | |
| **Description** | &nbsp;&nbsp;&nbsp;&nbsp; **Geographic**<br> **Region**  | **Shares** | **Fair Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Delaware Wilshire Private Markets Master Fund, Class Institutional | North America | 2637391 | $29591522 |
| &nbsp;&nbsp;&nbsp; Total Master Fund (Cost — $27,580,145) |  |  | 29591522 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Short Term Investment — 0.8%** |  |  |  |
| **Description** | &nbsp;&nbsp;&nbsp;&nbsp; **Geographic**<br> **Region**  | **Shares** | **Fair Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; First American Government Obligations Fund, Class X |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.015%\*\* | &nbsp;&nbsp; North America | &nbsp;&nbsp;&nbsp;251608 | 251608 |
| &nbsp;&nbsp;&nbsp; Total Short Term Investment (Cost — $251,608) |  |  | 251608 |
| Total Investments — 100.1% (Cost — $27,831,753) |  |  | $29843130 |
| &nbsp;&nbsp;&nbsp; Other Assets and Liabilities, Net — (0.1)% |  |  | (43326) |
| &nbsp;&nbsp;&nbsp; Net Assets — 100.0% |  |  | $29799804 |

---

\*\* The rate reported is the 7-day effective yield as of June 30, 2023.

DWP-QH-001-0500

------

Delaware Wilshire Private Markets Tender Fund

Schedule of Investments

June 30, 2023 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Master Fund — 80.4%** |  |  | |
| **Description** | &nbsp;&nbsp;&nbsp;&nbsp; **Geographic**<br> **Region**  | **Shares** | **Fair Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Delaware Wilshire Private Markets Master Fund, Class Institutional | North America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7220 | $81011 |
| &nbsp;&nbsp;&nbsp; Total Master Fund (Cost — $80,000) |  |  | 81011 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Short Term Investment — 42.1%** |  |  |  |
|  | &nbsp;&nbsp;**Geographic** |  |  |
| **Description** | &nbsp;&nbsp;&nbsp;&nbsp;**Region** | **Shares** | **Fair Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; First American Government Obligations Fund, Class X |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.015%<sup>\*\*</sup> | North America | &nbsp;&nbsp;&nbsp;&nbsp;42440 | 42440 |
| &nbsp;&nbsp;&nbsp; Total Short Term Investment (Cost — $42,440) |  |  | 42440 |
| Total Investments — 122.5% (Cost — $122,440) |  |  | $123451 |
| &nbsp;&nbsp;&nbsp; Other Assets and Liabilities, Net — (22.5)% |  |  | (22647) |
| &nbsp;&nbsp;&nbsp; Net Assets — 100.0% |  |  | $100804 |

---

\*\* The rate reported is the 7-day effective yield as of June 30, 2023.

DWP-QH-001-0500

------

Delaware Wilshire Private Markets Master Fund

Schedule of Investments

June 30, 2023 (Unaudited)<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Primary Private Fund Investments — 71.4%**  | **Primary Private Fund Investments — 71.4%**  | **Primary Private Fund Investments — 71.4%**  | **Primary Private Fund Investments — 71.4%**  | **Primary Private Fund Investments — 71.4%**  | **Primary Private Fund Investments — 71.4%**  | **Primary Private Fund Investments — 71.4%**  |
| **Description** | **Initial** <br> Acquisition Date** | **Geographic**<br> **Region**  | **Industry** | **Commitment** | **Unfunded** <br> **Portion of** <br> **Commitment**  | **Fair Value** |
| &nbsp;&nbsp;&nbsp; Brevet Direct Lending  | 6/9/2023 | Global | Government Finance | $— | $— (A) | $2000000 |
| &nbsp;&nbsp;&nbsp; Buhuovc L.P.  | 3/8/2021 | Asia-Pacific | Venture Capital | 6500000 | 1052472 (A) | 8436134 |
| &nbsp;&nbsp;&nbsp; H.I.G. Bayside Loan Opportunity Feeder VI  | 12/8/2020 | North America | Distressed Debt | 4000000 | 2927384 (A) | 2325354 |
| &nbsp;&nbsp;&nbsp; Linden Structured Capital Fund L.P.  | 12/18/2020 | North America | Buyout | 6500000 | 796625 (A) | 7401445 |
| &nbsp;&nbsp;&nbsp; RCP MB Investments B, L.P.  | 12/26/2021 | North America | Buyout |  | — (A) | 1007873 |
| Total Primary Private Fund Investments (Cost — $18,082,498)  |  |  |  |  |  | 21170806  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Secondary Private Fund Investments — 25.1%** &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  | **Secondary Private Fund Investments — 25.1%** &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  | **Secondary Private Fund Investments — 25.1%** &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  | **Secondary Private Fund Investments — 25.1%** &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  | **Secondary Private Fund Investments — 25.1%** &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  | **Secondary Private Fund Investments — 25.1%** &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  | **Secondary Private Fund Investments — 25.1%** &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| **Description** | **Initial**<br> **Acquisition Date**  | **Geographic**<br> **Region**  | **Industry** | **Commitment** | **Unfunded** <br> **Portion of**<br> **Commitment**  | **Fair Value** |
| &nbsp;&nbsp;&nbsp; Basalt Infrastructure Partners II, L.P.  | 11/17/2020 | UK, Europe and US | Infrastructure | 6000000 | 1097258 (A) | 4190814 |
| &nbsp;&nbsp;&nbsp; Graphite Capital Partners VII A  | 7/19/2021 | Europe | Buyout | 1044282 | 11036 (A) | 148200 |
| &nbsp;&nbsp;&nbsp; Graphite Capital Partners VII C  | 7/19/2021 | Europe | Buyout | 189872 | 2023 (A) | 33510 |
| &nbsp;&nbsp;&nbsp; Graphite Capital Partners VIII B L.P.  | 7/19/2021 | Europe | Buyout | 487374 | 50448 (A) | 388392 |
| &nbsp;&nbsp;&nbsp; Graphite Capital Partners VIII D L.P.  | 7/19/2021 | Europe | Buyout | 2781939 | 288700 (A) | 2307545 |
| &nbsp;&nbsp;&nbsp; Graphite Capital Partners VIII Top Up Fund B L.P.  | 7/19/2021 | Europe | Buyout | 1475077 | 95497 (A) | 379538 |
| Total Secondary Private Fund Investments (Cost — $6,639,684)  |  |  |  |  |  | 7447999  |

---

---

| | | | |
|:---|:---|:---|:---|
| **Short Term Investment — 4.3%** |  |  | |
| **Description** | **Geographic**<br> **Region**  | **Shares** | **Fair Value** |
| &nbsp;&nbsp;&nbsp; First American Government Obligations Fund, Class X  |  |  |  |
| 5.015%\*\* <br>| North America | 1280336  | 1280336  |
| &nbsp;&nbsp;&nbsp; Total Short Term Investment (Cost — $1,280,336) <br>|  |  | 1280336 |
| Total Investments — 100.8% (Cost — $26,002,518) |  |  | $29899141 |
| &nbsp;&nbsp;&nbsp; Other Assets and Liabilities, Net — (0.8)%  |  |  | (224676) |
| &nbsp;&nbsp;&nbsp; Net Assets — 100.0%  |  |  | $29674465 |

---

\*\* The rate reported is the 7-day effective yield as of June 30, 2023. <br> (A) <br> Investment does not issue shares. <br>

L.P. — Limited Partnership

DWP-QH-001-0500

## 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:** 2024-03-31

- **b. Date as of which information is reported:** 2023-06-30

**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:** $29907471.13

**Total Liabilities:** $227512.97

**Net Assets:** $29679958.16

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.00%                | 1.26%                | -1.51%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $66816.28                                  |
| Month 2  | $12266.17                | $346008.34                                 |
| Month 3  | $101440.41               | $179240.92                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 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        |   1269497 | NS      | $2307544.82   | 7.77%             |  |  |  | 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        |    234495 | NS      | $388391.86    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND CLASS X | FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND CLASS X CLASS X          | CUSIP: 31846V336<br>LEI: N/A | Long             | STIV             |  | US        |   1280336 | PA      | $1280335.66   | 4.31%             |  |  |  | No            |                  2 | 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        |   6116282 | NS      | $7401447.99   | 24.94%            |  |  |  | No            |                  1 | 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      | $148200.38    | 0.50%             |  |  |  | No            |                  1 | 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      | $33510.29     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BUHUOVC LP                                         | BUHUOVC LP PRIVATE EQUITY FUND                                      | CUSIP: 96BUH0001<br>LEI: N/A | Long             | EC               |  | US        |   6416313 | NS      | $8436136.13   | 28.42%            |  |  |  | No            |                  1 | 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        |   4265341 | NS      | $4190812.25   | 14.12%            |  |  |  | No            |                  3 | 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        |   1002265 | NS      | $1007872.67   | 3.40%             |  |  |  | No            |                  1 | 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      | $2000000.00   | 6.74%             |  |  |  | No            |                  1 | 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        |    134590 | NS      | $379537.67    | 1.28%             |  |  |  | No            |                  1 | 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        |   2547638 | NS      | $2325353.86   | 7.83%             |  |  |  | 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