Notice2025-21153

Wilshire Private Assets Fund and Wilshire Advisors LLC

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
November 26, 2025

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 90 Issue 226 (Wednesday, November 26, 2025)</title>
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[Federal Register Volume 90, Number 226 (Wednesday, November 26, 2025)]
[Notices]
[Page 54414]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-21153]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35796; 812-15837]


Wilshire Private Assets Fund and Wilshire Advisors LLC

November 21, 2025.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    Notice of an application under section 6(c) of the Investment 
Company Act of 1940 (the ``Act'') for an exemption from sections 
18(a)(2), 18(c) and 18(i) of the Act, under sections 6(c) and 23(c) of 
the Act for an exemption from rule 23c-3 under the Act, and for an 
order pursuant to section 17(d) of the Act and rule 17d-1 under the 
Act.

Summary of Application: Applicants request an order to permit certain 
registered closed-end investment companies to issue multiple classes of 
shares and to impose early withdrawal charges and asset-based 
distribution and/or service fees.

Applicants: Wilshire Private Assets Fund and Wilshire Advisors LLC.

Filing Dates: The application was filed on June 20, 2025, and amended 
on September 30, 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#71221412031405100308025c3e1717181214310214125f161e07"><span class="__cf_email__" data-cfemail="7b281e18091e0f1a09020856341d1d12181e3b081e18551c140d">[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 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 December 16, 2025, and should be accompanied by proof 
of service on the 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.

ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#4211272130273623303b316f0d24242b2127023127216c252d34"><span class="__cf_email__" data-cfemail="e3b0868091869782919a90ceac85858a8086a3908680cd848c95">[email&#160;protected]</span></a>. Applicants: 
Michael Beattie, c/o SEI Investments, One Freedom Drive, Oaks, 
Pennsylvania 19456, with copies to John J. O'Brien, Esq., Morgan Lewis 
and Bockius, LLP, 2222 Market Street, Philadelphia, Pennsylvania 19103.

FOR FURTHER INFORMATION CONTACT: Rachel Loko, Senior Special Counsel, 
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' application, 
dated September 30, 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. 2025-21153 Filed 11-25-25; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on November 26, 2025.

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.