The prospectus states the Fund seeks efficient access to private markets with goals of long-term capital appreciation and current income. It invests substantially all assets in Wilshire Private Assets Master Fund, which builds a global, multi-strategy portfolio weighted toward private equity, with public and private credit and a smaller real assets sleeve. Exposure comes through primary and secondary interests in private funds and co-investments alongside underlying managers, with a tilt toward smaller fund sizes and emerging or niche managers. Secondaries and co-investments are used to broaden diversification and soften the J-curve. Allocation targets are guidelines and may shift with market conditions.