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Wilshire Private Markets Fund Viii Closes; exceeds Fundraising Goal

Wilshire Private Markets, the private equity fund-of-funds business of Wilshire Associates Incorporated, today announced that Wilshire Private Markets Fund VIII raised $615 million, exceeding its $600 million target. The capital raised for Wilshire Private Markets Fund VIII (“Fund VIII”) includes funds to be invested in similar strategies as Fund VIII and follows Wilshire Private Markets Fund VII which closed at the end of 2006.

“Wilshire Private Markets is very pleased to exceed our target for this fund,” said Daniel Allen, senior managing director, Wilshire Associates, and member of the management committee of Wilshire Private Markets. “Many limited partners have been challenged in making commitments in private equity and we are pleased by the support of existing and new investors in our program. We believe this will prove to be an excellent vintage for new private equity investments.”

Institutional investors from the U.S., Europe and the Asia-Pacific region participated in this eighth global private equity fund from Wilshire Private Markets. Wilshire Private Markets expects to invest the commitments in buyouts, venture capital and distressed private equity through primary investments in limited partnerships, secondary transactions and co-investments opportunities. “Our investment approach is to partner with leading private equity managers who can consistently exploit market inefficiencies and potentially generate outsized returns in the private equity market,” said Jeff Ennis, senior managing director, Wilshire Associates, chief investment officer of Wilshire Private Markets and a member its management committee. “Consistent with past practice, our investment team will conduct extensive research and due diligence to ensure our high standards are met before investing the future commitments from Fund VIII.”