Wilshire Private Assets Fund Concludes Major Share Tender

Fund demonstrates efficiency and commitment by fulfilling shareholder liquidity requests seamlessly.

November 27, 2024

Wilshire Private Assets Fund Finalizes Strategic Share Buyback

The Wilshire Private Assets Fund recently completed its tender offer for institutional class shares, acquiring up to 45% of its outstanding shares as of September 30, 2024. This move underscores the fund's commitment to providing liquidity options for shareholders while preserving value within its portfolio. By the conclusion of the tender, all participating shareholders received full compensation based on the calculated net asset value (NAV).

Key Outcomes of the Tender Offer

The tender offer, initiated as part of a planned liquidity event, allowed shareholders to tender their shares at an NAV of $13.11 per share. The fund calculated this valuation as of September 30, 2024, providing shareholders with a fair and transparent transaction. Submission of tenders was required by 4:00 p.m. Eastern Time on the same date, and all offers were fully accepted.

• Participation Levels: Two shareholders tendered their shares for purchase, with both receiving full payments based on unaudited NAV figures.


• Payment Completion: By October 10, 2024, the fund fulfilled its obligations, wiring payments directly to designated shareholder accounts. This timely execution highlights the operational efficiency of the Wilshire team.

Such efforts reflect Wilshire’s strategic use of tender offers as a mechanism for managing shareholder liquidity needs while avoiding secondary market risks, such as pricing fluctuations and transaction complexities.

Strategic and Operational Efficiency

Under the leadership of Chief Financial Officer Andrew Metzger, the fund demonstrated its capability to manage liquidity events seamlessly. The tender offer reinforced its operational resilience, ensuring that participating shareholders benefited from predictable timelines and precise execution. These practices align with Wilshire’s reputation for high standards in alternative asset management.

Looking Ahead

The tender offer serves as a model for how funds can balance shareholder interests with portfolio integrity. By providing clear terms and ensuring prompt fulfillment, Wilshire Private Assets Fund has positioned itself as a proactive player in the investment management space. Institutional clients are likely to view such measures as a reflection of the fund’s commitment to their financial well-being.

As market conditions evolve, tender offers like this one will continue to play a role in ensuring liquidity and aligning fund practices with investor expectations. Wilshire’s success in executing this tender offer demonstrates the viability of such strategies in maintaining confidence among shareholders while achieving operational goals.