Investment adviser · CRD 6210

WILSHIRE

WILSHIRE ADVISORS LLC

SANTA MONICA, CA, United States · Form ADV filed Jul 31, 2025

Regulatory AUM: $99.1B
Client accounts: 287,663
Employees: 270
Advisory professionals: 96

How this adviser has changed

Annual filings

Regulatory assets under management

Up to five fiscal years, using the latest annual update available at the selected filing date. Asset changes can reflect acquisitions, client flows, and valuations; they are not investment returns.

Annual adviser history and sources
Fiscal year	Regulatory AUM	Employees	Filed
2021	$96,494,557,024	310	Mar 31, 2022
2022	$95,554,572,990	273	Mar 31, 2023
2023	$94,873,146,068	298	Mar 30, 2024
2024	$99,099,327,356	270	Mar 31, 2025

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Other clients	289,092	$49,688,655,057	50.1%
Pooled investment vehicles	94	$35,419,164,188	35.7%
Retirement plans	85,440	$8,326,724,450	8.4%
Government entities	32	$1,757,334,331	1.8%
Investment companies	4	$1,690,442,188	1.7%
Other investment advisers	12,614	$1,342,052,963	1.4%
Charities	19	$722,583,408	0.7%
Corporations & businesses	Fewer than 5	$114,659,362	0.1%
Sovereign wealth & foreign institutions	Fewer than 5	$37,711,409	0.0%
Banks & thrifts	Fewer than 5	$0	0.0%
Insurance companies	3	$0	0.0%

Filing source

Form ADV 2007035 · Jul 31, 2025 · Item 5.D

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Private funds & service providers

91 detailed fund records

Largest reported gross asset value first; unreported values last. Gross asset value is fund-level disclosure, distinct from adviser AUM and Form D fundraising. Master and feeder funds may overlap.

OCEANS UMBRELLA SICAV SIF - WILSHIRE HEDGED OPPORTUNITIES FUNDHedge Fund$103MGross asset value

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Fund administrator MUFG INVESTOR SERVICES DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor PRICEWATERHOUSECOOPERS, SOCIÉTÉ COOPÉRATIVE LUXEMBOURG, Luxembourg Other funds reporting this name →

Custodian CITIBANK, N.A. NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

PRICEWATERHOUSECOOPERS, SOCIÉTÉ COOPÉRATIVE
PCAOB 1328

CITIBANK, N.A.
LEI E57ODZWZ7FF32TWEFA76

Fund details & source

Fund ID: 805-1336988598
Reported beneficial owners: 2
Minimum commitment: $104K

Form ADV 2007035 · Jul 31, 2025 · Schedule D 7.B.(1)

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

WILSHIRE EUROPEAN VENTURE CAPITAL FUND III SCSPPrivate Equity Fund$95.1MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Wilshire European Venture Capital Fund III SCSp

Fund administrator FIDUCENTER S.A. LUXEMBOURG, Luxembourg Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor KPMG AUDIT S.À R.L. LUXEMBOURG, Luxembourg Other funds reporting this name →

Custodian BGL BNP PARIBAS SOCIETE ANONYME LUXEMBOURG, Luxembourg Related to adviser: No Other funds reporting this name →

Marketer TOPCAP PARTNERS, INC. SOUTHAMPTON, New York, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

KPMG AUDIT S.À R.L.
PCAOB 2831

BGL BNP PARIBAS SOCIETE ANONYME
LEI UAIAINAJ28P30E5GWE37

TOPCAP PARTNERS, INC.
CRD 283457 · SEC 8-69755

Fund details & source

Fund ID: 805-6660778656
Reported beneficial owners: 14
Minimum commitment: $260K
Form D file number: 021-516902

Form ADV 2007035 · Jul 31, 2025 · Schedule D 7.B.(1)

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

MILL CREEK WILSHIRE PRIVATE EQUITY 2024, L.P.Private Equity Fund$92MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Mill Creek Wilshire Private Equity 2024, L.P.

Fund administrator U.S. BANCORP FUND SERVICES, LLC (D/B/A U.S. BANK GLOBAL FUND SERVICES) MILWAUKEE, Wisconsin, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor KPMG LLP LOS ANGELES, California, United States Other funds reporting this name →

Custodian U.S. BANK, N.A. MILWAUKEE, Wisconsin, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

KPMG LLP
PCAOB 185

U.S. BANK, N.A.
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-7264057214
Reported beneficial owners: 82
Minimum commitment: $500K
Form D file number: 021-535857

Form ADV 2007035 · Jul 31, 2025 · Schedule D 7.B.(1)

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

WILSHIRE BVV U.S., L.P. (SERIES V)Private Equity Fund$83.8MGross asset value

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Auditor KPMG LLP LOS ANGELES, California, United States Other funds reporting this name →

Custodian U.S. BANK, N.A. MILWAUKEE, Wisconsin, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

KPMG LLP
PCAOB 185

U.S. BANK, N.A.
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-7618112789
Reported beneficial owners: 2
Minimum commitment: $0

Form ADV 2007035 · Jul 31, 2025 · Schedule D 7.B.(1)

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

WILSHIRE BVV EUROPE, L.P. (SERIES IV)Private Equity Fund$82.3MGross asset value

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Auditor KPMG LLP LOS ANGELES, California, United States Other funds reporting this name →

Custodian U.S. BANK, N.A. MILWAUKEE, Wisconsin, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

KPMG LLP
PCAOB 185

U.S. BANK, N.A.
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-9144231640
Reported beneficial owners: 2
Minimum commitment: $0

Form ADV 2007035 · Jul 31, 2025 · Schedule D 7.B.(1)

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

WILSHIRE SOLUTIONS TRUST-NON US EQUITY FUNDHedge Fund$80.7MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Wilshire Solutions Funds Trust

Auditor KPMG LLP LOS ANGELES, California, United States Other funds reporting this name →

Custodian BNY MELLON TRUST OF DELAWARE EVERETT, Massachusetts, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

KPMG LLP
PCAOB 185

BNY MELLON TRUST OF DELAWARE
LEI 549300UDYBJ7YTTMJP92

Fund details & source

Fund ID: 805-7177273142
Reported beneficial owners: 9
Minimum commitment: $5M
Form D file number: 021-194811

Form ADV 2007035 · Jul 31, 2025 · Schedule D 7.B.(1)

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

WILSHIRE BVV EUROPE, L.P. (SERIES V)Private Equity Fund$77.8MGross asset value

Search Form D filings →

Auditor KPMG LLP LOS ANGELES, California, United States Other funds reporting this name →

Custodian U.S. BANK, N.A. MILWAUKEE, Wisconsin, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

KPMG LLP
PCAOB 185

U.S. BANK, N.A.
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-1132736601
Reported beneficial owners: 2
Minimum commitment: $0

Form ADV 2007035 · Jul 31, 2025 · Schedule D 7.B.(1)

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Services & filing details

View a filing

Showing values from the selected filing. Latest observed filing does not establish current registration status.

What changed?

Since Jul 1, 2025 · previous imported filing

No comparable changes in the displayed metrics.

Filing source

Form ADV 2007035 · Jul 31, 2025 · Items 1 & 5

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Management of assets

Discretionary: $98.2B
Non-discretionary: $855M

Reported services

Individual portfolio management · Investment company portfolio management · Pooled investment vehicle management · Business portfolio management · Pension consulting · Selection of other advisers · Publication of newsletters · Educational seminars

Compensation

Percentage of assets · Fixed · Performance-based

Principal office

1299 OCEAN AVENUE SUITE 600
SANTA MONICA, CA, 90401-1085, United States

CRD 6210

Filing source

Form ADV 2007035 · Jul 31, 2025 · Items 1 & 5

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.