The Wilshire Private Assets Master Fund is a closed-end management investment company structured as a Delaware statutory trust and operates within a master-feeder fund arrangement. Regulated under the Investment Company Act of 1940, the fund provides diversified exposure to private assets by allocating capital across various private market sectors and strategies. Its primary investment strategy focuses on private markets, with the Feeder Fund investing substantially all of its assets into the Master Fund to mirror its investment objective. The fund is designed for long-term investors, typically featuring an extended holding period to align with the illiquid nature of private market investments. It adheres to key investment criteria centered on identifying high-quality opportunities in private equity, private credit, and other alternative asset classes, with a focus on rigorous due diligence and portfolio diversification.
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Oct 28, 2020
Tender Offer CEF
'40 Act
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March 31
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Sep 30, 2025
09:52
Redemption
Wilshire Private Assets Master Fund is offering to repurchase up to 5% of outstanding shares at September 25, 2026 net asset value per share. Requests are due by 4:00 p.m. Eastern Time that day, with payment expected by October 2, 2026.
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Oct 03, 2023
14:34
Compliance
Wilshire Private Assets Master Fund provided its annual notice report for report calendar year 2026, covering the period ended June 30, 2026, with no series included. Investors are not provided proxy voting records in this notice.
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Jan 01, 2025
09:00
Redemption
Wilshire Private Assets Master Fund launched a quarterly offer to repurchase up to 5% of outstanding shares at June 26, 2026 closing net asset value. Shareholders must tender by 4:00 p.m. Eastern Time that day; oversubscription may result in proration.
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Apr 12, 2023
10:05
Other
Wilshire Private Assets Master Fund received approval for registered closed-end management investment companies and business development companies to co-invest in portfolio companies with each other and certain affiliated investment entities. The relief is effective immediately, subject to the conditions in the application, as amended.
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Oct 02, 2024
09:00
Redemption
Wilshire Private Assets Master Fund announced a quarterly repurchase offer for up to 5% of outstanding Shares at NAV, with requests due March 27, 2026 and payment expected by April 3, 2026. Shareholders may receive only a pro rata repurchase if tenders exceed the authorized amount.
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Mar 17, 2024
10:37
Other
Wilshire Private Assets Master Fund and affiliates requested SEC relief to allow certain BDCs and closed-end management investment companies to co-invest in portfolio companies with each other and with affiliated investment entities. The amended application was submitted on February 12, 2026, and any order would permit those joint transactions unless the Commission orders a hearing by March 10, 2026.
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Jun 12, 2024
16:33
Other
Wilshire Private Assets Master Fund filed a first amended and restated application seeking permission for the Master Fund and related affiliated funds to engage in co-investment transactions otherwise prohibited by Sections 17(d) and 57(a)(4). The amendment updates the applicant list, confirms the 47-page filing date of February 12, 2026, and states that granting the Order would supersede the April 23, 2025 prior order.
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Aug 02, 2025
12:20
Redemption
Wilshire Private Assets Master Fund is conducting a quarterly repurchase offer for up to 5% of outstanding shares at NAV as of December 26, 2025, with requests due by 4:00 p.m. Eastern Time that day. Shareholders may receive payment by January 2, 2026, subject to pro rata reduction if tenders exceed the offer size.
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Sep 10, 2025
16:52
Compliance
SEI Investments Management Corporation obtained a $12 million investment company fidelity bond for 8/19/2025 to 8/19/2026, with added $500,000 unauthorized signature coverage and $1.85 million social engineering fraud coverage. The bond also adds multiple named insureds and provides joint loss-payee treatment for customer interests.
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Sep 03, 2023
16:43
Compliance
Wilshire Private Assets Master Fund and Wilshire Private Assets Fund seek authority for co-investment transactions with affiliated funds and advisers, replacing a prior April 23, 2025 exemptive order. The requested relief would let the funds participate alongside affiliated entities on the same terms, with pro rata expenses and fees and board oversight.
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'40 Act in Focus: Wilshire Private Assets Fund
Mar 26, 2025

SecondaryLink explores the evergreen fund's performance, portfolio composition, holdings, and key terms.

Wilshire Private Assets Master Fund
Wilshire Associates is responsible for managing Wilshire Private Assets Master Fund.
Wilshire Private Assets Master Fund launched in 2020.
Wilshire Private Assets Master Fund is registered as a '40 Act fund.
Wilshire Private Assets Master Fund is structured as a Tender Offer CEF fund.
You can invest in Wilshire Private Assets Master Fund daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of Wilshire Private Assets Master Fund quarterly, subject to redemption limits and notice requirements.
Shares of Wilshire Private Assets Master Fund can be purchased in USD.
Wilshire Private Assets Master Fund's fiscal year end is March 31.
Wilshire Private Assets Master Fund's net asset value was $165.8 million and its portfolio had a fair value of $165.9 million as of June 30, 2026.
Among other deal types, Wilshire Private Assets Master Fund primarily makes Private Market Investments and Debt Investments.
Among other asset classes, Wilshire Private Assets Master Fund primarily invests in LBO and VC.
Among other regions, Wilshire Private Assets Master Fund primarily invests in North America.
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