Notice2025-05428

Wilshire Private Assets Fund, et al.

Primary source

Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.

Published
March 31, 2025

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 90 Issue 60 (Monday, March 31, 2025)</title>
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[Federal Register Volume 90, Number 60 (Monday, March 31, 2025)]
[Notices]
[Pages 14292-14293]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-05428]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35508; File No. 812-15664]


Wilshire Private Assets Fund, et al.

March 25, 2025.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    Notice of application for an order (``Order'') under sections 17(d) 
and 57(i) of the Investment Company Act of 1940 (the ``Act'') and rule 
17d-1 under the Act to permit certain joint transactions otherwise 
prohibited by sections 17(d) and 57(a)(4) of the Act and rule 17d-1 
under the Act.

Summary of Application: Applicants request an order to permit certain 
business development companies and closed-end management investment 
companies to co-invest in portfolio companies with each other and with 
certain affiliated investment entities.

Applicants: Wilshire Private Assets Fund, Wilshire Private Assets 
Master Fund, BVK Europe Opportunities Fund I, L.P., BVK Europe 
Opportunities Fund II, L.P., BVK Europe Opportunities Fund III, L.P., 
BVK Europe Opportunities Fund IV, L.P., Summit Hill Credit Fund, L.P., 
Summit Hill Real Assets Fund, L.P., Summit Hill Alternative Yield Fund, 
L.P., Wilshire BVV Europe Venture Fund, L.P. (Series I), Wilshire BVV 
Europe, L.P. (Series I), Wilshire BVV Europe, L.P. (Series II), 
Wilshire BVV Europe, L.P. (Series III), Wilshire BVV Europe, L.P. 
(Series IV), Wilshire BVV Europe, L.P. (Series V), Wilshire BVV Europe, 
L.P. (Series VI), Wilshire BVV Europe, L.P. (Series VII), Wilshire BVV 
U.S., L.P. (Series I), Wilshire BVV U.S., L.P. (Series II), Wilshire 
BVV U.S., L.P. (Series III), Wilshire BVV U.S., L.P. (Series IV), 
Wilshire BVV U.S., L.P. (Series V), Wilshire BVV U.S., L.P. (Series 
VI), Wilshire BVV U.S., L.P. (Series VII), Wilshire BVV U.S., L.P. 
(Series VIII), Wilshire Global Private Markets Fund IX, L.P., Wilshire 
New Waves Fund, L.P., Wilshire Private Credit Annual Fund Series, L.P., 
2022 Wilshire Private Credit Annual Fund Series, L.P., 2025 Wilshire 
Private Credit Annual Fund Series, L.P., Wilshire Private Equity Annual 
Fund Series, L.P., 2022 Wilshire Private Equity Annual Fund Series, 
L.P., Wilshire Private Markets Family Office Fund I, L.P., Wilshire 
Private Markets Family Office Fund II, L.P., Wilshire Private Markets 
Family Office Fund III, L.P., Wilshire Private Markets Family Office 
Fund IV, L.P., Wilshire Private Markets Real Estate Family Office Fund 
I, L.P., Mill Creek Wilshire Private Equity 2022, L.P., Mill Creek 
Wilshire Private Equity 2024, L.P., Wilshire-BBI UK VC Co-Invest LP, 
Wilshire European Venture Capital Fund II SCSp, Wilshire European 
Venture Capital Fund III SCSp, Wilshire MNCPPC Employees' Retirement 
System Global, L.P., Wilshire MNCPPC Employees' Retirement System 
Global, L.P. (Series II), Wilshire MNCPPC Employees'

[[Page 14293]]

Retirement System Global, L.P. (Series III), Wilshire European Private 
Markets Fund VIII, L.P., Wilshire Private Markets Opportunities Fund 
II-B, L.P., Wilshire U.S. Private Markets Fund VII, L.P., Wilshire U.S. 
Private Markets Fund VIII, L.P., Wilshire Asia Private Markets Fund 
VIII, L.P., Rio Grande Wilshire Alternative Yield Solutions Fund, LP, 
Rio Grande Wilshire Offshore Alternative Yield Solutions Ltd., and 
Wilshire Advisors LLC (collectively, the ``Applicants'').

Filing Dates: The application was filed on November 29, 2024, and 
amended on February 28, 2025 and March 20, 2025.

Hearing or Notification of Hearing: An order granting the requested 
relief will be issued unless the Commission orders a hearing. 
Interested persons may request a hearing on any application by emailing 
the SEC's Secretary at <a href="/cdn-cgi/l/email-protection#61320402130415001318124c2e0707080204211204024f060e17"><span class="__cf_email__" data-cfemail="3a695f59485f4e5b48434917755c5c53595f7a495f59145d554c">[email&#160;protected]</span></a> and serving the 
Applicants with a copy of the request by email, if an email address is 
listed for the relevant Applicant below, or personally or by mail, if a 
physical address is listed for the relevant Applicant below.
    Hearing requests should be received by the Commission by 5:30 p.m. 
on April 21, 2025, and should be accompanied by proof of service on 
applicants, in the form of an affidavit or, for lawyers, a certificate 
of service. Pursuant to rule 0-5 under the Act, hearing requests should 
state the nature of the writer's interest, any facts bearing upon the 
desirability of a hearing on the matter, the reason for the request, 
and the issues contested. Persons who wish to be notified of a hearing 
may request notification by emailing the Commission's Secretary at 
<a href="/cdn-cgi/l/email-protection#0655636574637267747f752b4960606f65634675636528616970"><span class="__cf_email__" data-cfemail="ca99afa9b8afbeabb8b3b9e785acaca3a9af8ab9afa9e4ada5bc">[email&#160;protected]</span></a>.

ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#5201373120372633202b217f1d34343b3137122137317c353d24"><span class="__cf_email__" data-cfemail="1f4c7a7c6d7a6b7e6d666c32507979767c7a5f6c7a7c31787069">[email&#160;protected]</span></a>. Applicants: 
Patrick Dennis, Esq., Wilshire Advisors LLC, 
<a href="/cdn-cgi/l/email-protection#1969786d6b707a72377d7c7777706a596e70756a71706b7c377a7674"><span class="__cf_email__" data-cfemail="76061702041f151d58121318181f0536011f1a051e1f04135815191b">[email&#160;protected]</span></a>, Thomas D. Peeney, Esq., Paul Hastings LLP, 
<a href="/cdn-cgi/l/email-protection#acd8c4c3c1cddfdcc9c9c2c9d5ecdccdd9c0c4cddfd8c5c2cbdf82cfc3c1"><span class="__cf_email__" data-cfemail="05716d6a6864767560606b607c45756470696d6476716c6b62762b666a68">[email&#160;protected]</span></a>, and John J. O'Brien, Esq., Morgan, Lewis 
& Bockius LLP, <a href="/cdn-cgi/l/email-protection#741e1b1c1a5a1b16061d111a34191b0613151a1811031d075a171b19"><span class="__cf_email__" data-cfemail="1a7075727434757868737f745a7775687d7b74767f6d736934797577">[email&#160;protected]</span></a>.

FOR FURTHER INFORMATION CONTACT: Jill Ehrlich, Senior Counsel, or Lisa 
Reid Ragen, Branch Chief, at (202) 551-6825 (Division of Investment 
Management, Chief Counsel's Office).

SUPPLEMENTARY INFORMATION: For Applicants' representations, legal 
analysis, and conditions, please refer to Applicants' second amended 
and restated application, dated March 20, 2025, which may be obtained 
via the Commission's website by searching for the file number at the 
top of this document, or for an Applicant using the Company name search 
field, on the SEC's EDGAR system.
    The SEC's EDGAR system may be searched at <a href="https://www.sec.gov/edgar/searchedgar/companysearch">https://www.sec.gov/edgar/searchedgar/companysearch</a>. You may also call the SEC's Office of 
Investor Education and Advocacy at (202) 551-8090.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-05428 Filed 3-28-25; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on March 31, 2025.

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