Master Fund — 98.3%
|
|||||||||
Description
|
|
Shares | Fair Value | ||||||
Delaware Wilshire Private Markets Master Fund, Class Institutional
|
2,366,073
|
$
|
27,895,998
|
||||||
Total Master Fund (Cost — $24,579,486)
|
27,895,998
|
||||||||
Short Term Investment — 1.7%
|
|||||||||
Description
|
Geographic Region
|
Shares |
Fair Value
|
||||||
First American Government Obligations Fund, Class X
|
|||||||||
1.290%**
|
|
North America
|
482,996
|
482,996
|
|||||
Total Short Term Investment (Cost — $482,996)
|
482,996
|
||||||||
Total Investments — 100.0% (Cost — $25,062,482)
|
$
|
28,378,994
|
|||||||
Other Assets and Liabilities, Net — 0.0%
|
(7,771
|
) |
|||||||
Net Assets — 100.0%
|
$ |
28,371,223
|
|||||||
|
**
|
The rate reported is the 7-day effective yield as of June 30, 2022.
|
Investments in Securities
|
Level 1 | Level 2 | Level 3 |
Investments Valued at NAV
|
Total | ||||||||||
Master Fund
|
$
|
—
|
$
|
—
|
$
|
—
|
$
|
27,895,998
|
$
|
27,895,998
|
|||||
Short Term Investment
|
482,996
|
—
|
—
|
—
|
482,996
|
||||||||||
Total Investments in Securities
|
$
|
482,996
|
$
|
—
|
$
|
—
|
$
|
27,895,998
|
$
|
28,378,994
|
Primary Private Fund Investments — 60.9%
|
|||||||||||||||||
Description
|
Initial Acquisition Date
|
Geographic Region
|
Industry
|
Commitment |
Unfunded
Portion of
Commitment
|
Shares
|
Fair Value | ||||||||||
Buhuovc L.P.
|
3/8/2021
|
Asia-Pacific
|
Venture Capital
|
$
|
6,500,000
|
$
|
1,052,472
|
(A)
|
$
|
8,243,821
|
|||||||
H.I.G. Bayside Loan Opportunity Feeder VI
|
12/8/2020
|
North America
|
Distressed Debt
|
4,000,000
|
2,927,384
|
(A)
|
1,928,027
|
||||||||||
Linden Structured Capital Fund L.P.
|
12/18/2020
|
North America
|
Buyout
|
6,500,000
|
2,383,324
|
(A)
|
5,798,149
|
||||||||||
RCP MB Investments B, L.P.
|
12/26/2021
|
North America
|
Buyout
|
1,000,000
|
—
|
(A)
|
1,000,000
|
||||||||||
Total Primary Private Fund Investments (Cost — $14,185,474) | 16,969,997 |
Secondary Private Fund Investments — 34.8%
|
|||||||||||||||||
Description
|
Initial Acquisition Date
|
Geographic Region
|
Industry
|
Commitment |
Unfunded
Portion of
Commitment
|
Shares
|
Fair Value |
||||||||||
Basalt Infrastructure Partners II, L.P.
|
11/17/2020
|
UK, Europe and US
|
Infrastructure
|
6,000,000
|
1,097,258
|
(A)
|
6,523,368
|
||||||||||
Graphite Capital Partners VII A
|
7/19/2021
|
Europe
|
Buyout
|
1,044,282
|
51,707
|
(A)
|
118,363
|
||||||||||
Graphite Capital Partners VII C
|
7/19/2021
|
Europe
|
Buyout
|
189,872
|
9,419
|
(A)
|
26,737
|
||||||||||
Graphite Capital Partners VII Top Up Fund
|
7/19/2021
|
Europe
|
Buyout
|
1,404,110
|
48,842
|
(A)
|
—
|
||||||||||
Graphite Capital Partners VII Top Up Fund Plus
|
7/19/2021
|
Europe
|
Buyout
|
745,916
|
37,305
|
(A)
|
—
|
||||||||||
Graphite Capital Partners VIII B L.P.
|
7/19/2021
|
Europe
|
Buyout
|
487,374
|
50,448
|
(A)
|
417,919
|
||||||||||
Graphite Capital Partners VIII D L.P.
|
7/19/2021
|
Europe
|
Buyout
|
2,781,939
|
288,700
|
(A)
|
2,405,618
|
||||||||||
Graphite Capital Partners VIII Top Up Fund B L.P.
|
7/19/2021
|
Europe
|
Buyout
|
1,475,077
|
95,497
|
(A)
|
229,154
|
||||||||||
Total Secondary Private Fund Investments (Cost — $8,174,292)
|
9,721,159
|
Short Term Investment — 1.9%
|
|||||||
Description
|
Geographic Region |
Shares
|
Fair Value |
||||
First American Government Obligations Fund, Class X
|
|||||||
1.290%**
|
North America |
531,717 |
531,717
|
||||
Total Short Term Investment (Cost — $531,717)
|
|
531,717 | |||||
Total Investments — 97.6% (Cost — $22,891,483)
|
$
|
27,222,873 | |||||
Other Assets and
|
|
679,096 | |||||
Liabilities, Net — 2.4%
|
|||||||
Net Assets — 100.0%
|
$
|
27,901,969 |
**
|
The rate reported is the 7-day effective yield as of June 30, 2022.
|
Investments in Securities
|
Level 1
|
Level 2
|
Level 3
|
Investments Valued at NAV
|
Total
|
||||||||||
Primary Private Fund Investments
|
$
|
—
|
$
|
—
|
$
|
—
|
$ |
16,969,997
|
$ |
16,969,997 | |||||
Secondary Private Fund Investments
|
—
|
—
|
—
|
9,721,159
|
9,721,159
|
||||||||||
Short Term Investment
|
531,717
|
—
|
—
|
—
|
531,717
|
||||||||||
Total Investments in Securities
|
$
|
531,717
|
$
|
—
|
$
|
—
|
$ | 26,691,156 | $ | 27,222,873 |