0001398344-21-007407.txt : 20210428 0001398344-21-007407.hdr.sgml : 20210428 20210330172853 ACCESSION NUMBER: 0001398344-21-007407 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20210330 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Delaware Wilshire Private Markets Fund CENTRAL INDEX KEY: 0001807334 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: ONE FREEDOM VALLEY DRIVE CITY: OAKS STATE: PA ZIP: 19456 BUSINESS PHONE: 610-676-1000 MAIL ADDRESS: STREET 1: ONE FREEDOM VALLEY DRIVE CITY: OAKS STATE: PA ZIP: 19456 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire New Waves Fund, L.P. CENTRAL INDEX KEY: 0001852721 IRS NUMBER: 853771534 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire Private Markets Real Estate Family Office Fund I, L.P. CENTRAL INDEX KEY: 0001581864 IRS NUMBER: 300769072 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVENUE, SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: (310) 451-3051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVENUE, SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire Global Private Markets Fund IX, L.P. CENTRAL INDEX KEY: 0001601652 IRS NUMBER: 464706254 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVENUE, SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 BUSINESS PHONE: 310-451-3051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVENUE, SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire Advisors LLC CENTRAL INDEX KEY: 0001616628 IRS NUMBER: 952755361 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVENUE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 BUSINESS PHONE: 310-451-3051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVENUE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 FORMER COMPANY: FORMER CONFORMED NAME: Wilshire Associates Inc DATE OF NAME CHANGE: 20140813 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BVK Europe Opportunities Fund I, L.P. CENTRAL INDEX KEY: 0001631938 IRS NUMBER: 472786861 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: C/O WILSHIRE ASSOCIATES INCORPORATED STREET 2: 1299 OCEAN AVENUE, SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: 310-451-3051 MAIL ADDRESS: STREET 1: C/O WILSHIRE ASSOCIATES INCORPORATED STREET 2: 1299 OCEAN AVENUE, SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire Private Markets Family Office Fund II, L.P. CENTRAL INDEX KEY: 0001634667 IRS NUMBER: 471919277 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: C/O WILSHIRE ASSOCIATES INCORPORATED LLC STREET 2: 1299 OCEAN AVENUE, SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: 310-451-3051 MAIL ADDRESS: STREET 1: C/O WILSHIRE ASSOCIATES INCORPORATED LLC STREET 2: 1299 OCEAN AVENUE, SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Summit Hill Real Assets Fund, L.P. CENTRAL INDEX KEY: 0001772586 IRS NUMBER: 833840041 STATE OF INCORPORATION: DE FISCAL YEAR END: 1218 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVENUE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVENUE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Summit Hill Credit Fund, L.P. CENTRAL INDEX KEY: 0001772600 IRS NUMBER: 833831925 STATE OF INCORPORATION: DE FISCAL YEAR END: 1218 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVENUE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVENUE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire Private Markets Family Office Fund IV, L.P. CENTRAL INDEX KEY: 0001784999 IRS NUMBER: 842021736 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVENUE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 BUSINESS PHONE: 310-451-3051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVENUE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire Private Equity Annual Fund Series, L.P. CENTRAL INDEX KEY: 0001806443 IRS NUMBER: 844520682 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire Private Credit Annual Fund Series, L.P. CENTRAL INDEX KEY: 0001806466 IRS NUMBER: 844529302 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Delaware Wilshire Private Markets Tender Fund CENTRAL INDEX KEY: 0001807272 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: ONE FREEDOM VALLEY DRIVE CITY: OAKS STATE: PA ZIP: 19456 BUSINESS PHONE: 610-676-1000 MAIL ADDRESS: STREET 1: ONE FREEDOM VALLEY DRIVE CITY: OAKS STATE: PA ZIP: 19456 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Delaware Wilshire Private Markets Master Fund CENTRAL INDEX KEY: 0001807333 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: ONE FREEDOM VALLEY DRIVE CITY: OAKS STATE: PA ZIP: 19456 BUSINESS PHONE: 610-676-1000 MAIL ADDRESS: STREET 1: ONE FREEDOM VALLEY DRIVE CITY: OAKS STATE: PA ZIP: 19456 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BVK Europe Opportunities Fund II, L.P. CENTRAL INDEX KEY: 0001807531 IRS NUMBER: 825337857 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire Private Markets Family Office Fund III, L.P. CENTRAL INDEX KEY: 0001807659 IRS NUMBER: 364859233 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire BVV U.S., L.P. (Series VI) CENTRAL INDEX KEY: 0001807661 IRS NUMBER: 834499407 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire BVV U.S., L.P. (Series V) CENTRAL INDEX KEY: 0001807662 IRS NUMBER: 821268211 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire BVV U.S., L.P. (Series IV) CENTRAL INDEX KEY: 0001807663 IRS NUMBER: 474052501 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire BVV U.S., L.P. (Series III) CENTRAL INDEX KEY: 0001807664 IRS NUMBER: 465423471 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire BVV U.S., L.P. (Series II) CENTRAL INDEX KEY: 0001807667 IRS NUMBER: 352461483 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire BVV U.S., L.P. (Series I) CENTRAL INDEX KEY: 0001807668 IRS NUMBER: 800394588 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire BVV Europe, L.P. (Series V) CENTRAL INDEX KEY: 0001807670 IRS NUMBER: 834499662 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire BVV Europe, L.P. (Series IV) CENTRAL INDEX KEY: 0001807671 IRS NUMBER: 821410057 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire BVV Europe, L.P. (Series III) CENTRAL INDEX KEY: 0001807672 IRS NUMBER: 474066912 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire BVV Europe, L.P. (Series II) CENTRAL INDEX KEY: 0001807673 IRS NUMBER: 364749243 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire BVV Europe, L.P. (Series I) CENTRAL INDEX KEY: 0001807674 IRS NUMBER: 800394592 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire BVV Europe Venture Fund, L.P. (Series I) CENTRAL INDEX KEY: 0001807675 IRS NUMBER: 474077652 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BVK EUROPE OPPORTUNITIES FUND III, L.P. CENTRAL INDEX KEY: 0001814326 IRS NUMBER: 850890404 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 BUSINESS PHONE: 3104513051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVE STREET 2: SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Delaware Management Co CENTRAL INDEX KEY: 0001445916 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: Philadephia STATE: PA ZIP: 19103 BUSINESS PHONE: 1-800-523-1918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET STREET CITY: Philadephia STATE: PA ZIP: 19103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wilshire Private Markets Family Office Fund I, L.P. CENTRAL INDEX KEY: 0001566927 IRS NUMBER: 611681108 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVENUE, SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 BUSINESS PHONE: (310) 451-3051 MAIL ADDRESS: STREET 1: 1299 OCEAN AVENUE, SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401-1085 CORRESP 1 filename1.htm

 

Sean Graber

Partner

+1.215.963.5598

sean.graber@morganlewis.com

 

March 30, 2021

 

FILED AS EDGAR CORRESPONDENCE

 

Barbara T. Heussler, Esq.

Senior Counsel

U.S. Securities and Exchange Commission

100 F Street, NE

Washington, D.C. 20549

 

Re:Delaware Wilshire Private Markets Master Fund, et al., File No. 812-15119

 

Dear Ms. Heussler:

 

This letter responds to your comments on the above-referenced first amended and restated application (the “Application”) for an order under Section 17(d) of the Investment Company Act of 1940, as amended (the “1940 Act”) and Rule 17d-1 under the 1940 Act to permit certain joint transactions otherwise prohibited by Section 17(d) of the 1940 Act, which you provided via letter to me on behalf of the staff (the “Staff”) of the U.S. Securities and Exchange Commission (the “SEC” or “Commission”) and via subsequent telephone call on February 17, 2021. The Application was filed with the SEC on November 13, 2020 under the 1940 Act.

 

Summaries of your comments and our responses thereto are provided below. Please note that for organizational purposes, we have divided certain of your numbered comments that contain more than one comment into subdivisions (e.g.,“(a),” “(b),” “(c),” etc.). Unless otherwise defined herein, capitalized terms have the same meaning as contained in the Application. A marked copy of the Application showing our revisions in response to your comments is included as Exhibit A.

 

1.Comment. To the extent the Commission issues a notice of the filing of this Application giving interested persons an opportunity to request a hearing on the matter, if the Applicants would like to receive hearing requests by e-mail, please provide an email address for the Applicants in the amended application below the physical address for the Applicants and confirm supplementally that you consent to the Commission listing such e-mail address in any notice issued on this Application.

 

Response. Applicants have added the requested e-mail addresses to Section VI. Procedural Matters of the Application. Further, Applicants confirm that they consent to the Commission listing such e-mail address in any notice issued on the Application.

 

 

Morgan, Lewis & Bockius llp

     
  1701 Market Street  
  Philadelphia, PA 19103-2921 +1.215.963.5000
  United States +1.215.963.5001

 

 

 

 

Barbara T. Heussler, Esq.

Senior Counsel

March 30, 2021

Page 2

 

2.Comment. Please supplementally address whether any other fund registered under the 1940 Act or elected to be regulated under the 1940 Act, which currently could rely on another exemptive order issued by the Commission authorizing Co-Investment Transactions pursuant to Section 17(d) and/or Section 57(i) of the 1940 Act, could rely on the exemptive relief that is the subject of the Application.

 

Response. In response to the above comment, it is confirmed that there are no other funds either registered under the 1940 Act or elected to be regulated under the 1940 Act which currently could rely on another exemptive order issued by the Commission authorizing Co-Investment Transactions pursuant to Section 17(d) and/or Section 57(i) of the 1940 Act that could rely on the exemptive relief that is the subject of the Application.

 

3.Comment. On page 9: (a) In the definition of “Regulated Fund,” please delete “is a Macquarie Adviser and whose investment sub-adviser is a Wilshire Adviser or whose investment adviser;” (b) In the definition of “Adviser,” please delete “a Macquarie Adviser or;” (c) In the definition of “Affiliated Fund,” please delete “whose investment adviser is a Macquarie Adviser and whose investment sub-adviser is a Wilshire Adviser or;” and (d) At the end of the definition of “Future Wilshire Proprietary Accounts,” please state whether there are any existing Wilshire Proprietary Accounts. Consider revising the definition to “Wilshire Proprietary Accounts” that would include any existing and future Wilshire Proprietary Accounts and revise the definition throughout the application to refer to “Wilshire Proprietary Accounts.”

 

Response. Applicants have made changes in response to the Staff’s comments.

 

4.Comment. On page 11: (a) In the carryover sentence at the top of the page, please replace “another” with “Future;” and (b) In section “B. Master Fund,” in the last line of the third paragraph, please replace “another” with “Future.”

 

Response. Applicants have made changes in response to the Staff’s comments.

 

5.Comment. On page 13, in the first paragraph, please replace the last sentence with the following sentence:

 

Wilshire has sole responsibility for causing the Regulated Funds and any Affiliated Fund to enter into a Potential Co-Investment Transaction and is responsible for ensuring that the Wilshire Advisers, the Regulated Funds, and any Affiliated Funds comply with the conditions of this Application.

 

Response. Applicants have made changes in response to the Staff’s comment.

 

6.Comment. On page 14, in the third paragraph: (a) In the second sentence, please delete “by a Macquarie Adviser and sub-advised by a Wilshire Adviser or advised;” and (b) In the fifth sentence, please delete “by a Macquarie Adviser and sub-advised by a Wilshire Adviser or advised.”

 

Response. Applicants have made changes in response to the Staff’s comment.

 

 

 

Barbara T. Heussler, Esq.

Senior Counsel

March 30, 2021

Page 3

 

7.Comment. On page 14, please insert the following new paragraph at the bottom of the page:

 

In addition, because the Wilshire Proprietary Accounts are controlled by Wilshire and, therefore, may be under common control with the Regulated Funds, any future Advisers, and any Future Regulated Funds, the Wilshire Proprietary Accounts could be deemed to be persons related to the Regulated Funds (or a company controlled by the Regulated Funds) in a manner described by Section 17(d) and also prohibited from participating in the Co-Investment Program.

 

Response. Applicants have made changes in response to the Staff’s comment.

 

8.Comment. On page 15, in the first paragraph, in the first sentence, please revise as follows: “We are including the Macquarie Advisers because... however, the Macquarie Advisers will be subject to Conditions 2(c)(iv), 12, 13 and 14 only.”

 

Response. Applicants have made changes in response to the Staff’s comment.

 

9.Comment. At the end of condition 7(a), please insert the following footnote: “Any Wilshire Proprietary Account that is not advised by an Adviser is itself deemed to be an Adviser for purposes of Conditions 7(a)(i) and 8(a)(i).”

 

Response. Applicants have made changes in response to the Staff’s comment.

 

10.Comment. In condition 8(c)(ii), please insert “Wilshire” before “Adviser.”

 

Response. Applicants have made changes in response to the Staff’s comment.

 

* * * * * * * * * * * *

 

If you have any questions, need any additional information or would like any clarification, please contact me at (215) 963-5598.

 

Sincerely,

 

/s/ Sean Graber  

Sean Graber

 

cc:Trace W. Rakestraw, Branch Chief

 

Michael Beattie, SEI Investments

Reena Lalji, Wilshire Advisors LLC

David Connor, Delaware Management Company

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