NPORT-P
false
0001912938
XXXXXXXX
First Trust Private Assets Fund
811-23791
0001912938
5493007PT5U10GXVN702
235 West Galena Street
Milwaukee
53212
414-299-2270
First Trust Private Assets Fund
5493007PT5U10GXVN702
2027-03-31
2026-06-30
N
108396774.150000000000
1089731.130000000000
107307043.020000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
70404.550000000000
N
137 HOLDINGS SXX, LLC /
N/A
137 HOLDINGS SXX, LLC /
999999999
1
OU
Other Units
USD
3645134
3.3969196219
Long
PF
US
N
N/A
N
N
N
137 VENTURES VI, LP /
N/A
137 VENTURES VI, LP /
999999999
1
OU
Other Units
USD
1683860
1.5691980252
Long
PF
US
N
N/A
N
N
N
AIRWALLEX COMMON /
N/A
AIRWALLEX COMMON /
999999999
44050
NS
USD
1203886.50
1.1219081862
Long
EC
CORP
US
N
3
N
N
N
ARLINGTON CAPITAL PA RTNERS VI, LP /
N/A
ARLINGTON CAPITAL PA RTNERS VI, LP /
999999999
1
OU
Other Units
USD
1101940
1.0269037045
Long
PF
US
N
N/A
N
N
N
HS INVESTMENTS EU23 L.P. /
N/A
HS INVESTMENTS EU23 L.P. /
999999999
1
NS
1207432.59
1.1252128062
Long
EC
CORP
XX
N
N/A
N
N
N
HEDOSOPHIA INVEST FUND LP SHIFT 5 /
N/A
HEDOSOPHIA INVEST FUND LP SHIFT 5 /
999999999
1
NS
USD
755191
0.7037664805
Long
EC
RF
US
N
N/A
N
N
N
HS INVESTMENTS IV M L.P. /
N/A
HS INVESTMENTS IV M L.P. /
999999999
1
NS
492677.10
0.4591283910
Long
EC
CORP
XX
N
N/A
N
N
N
HS INVESTMENTS N.A.18 L.P. /
N/A
HS INVESTMENTS N.A.18 L.P. /
999999999
1
OU
Other Units
USD
2642614
2.4626659403
Long
PF
US
N
N/A
N
N
N
137 HOLDINGS ABI, LL /
N/A
137 HOLDINGS ABI, LL /
999999999
1
OU
Other Units
USD
1262990
1.1769870499
Long
PF
US
N
N/A
N
N
N
UMB MONEY MARKET II SPECIAL /
N/A
UMB MONEY MARKET II SPECIAL /
SF8888628
20968905.60
PA
USD
20968905.60
19.5410338500
Long
STIV
CORP
US
N
1
N
N
N
SAPPHIRE OPPORTUNITY FUND IV,LP /
N/A
SAPPHIRE OPPORTUNITY FUND IV,LP /
999999999
1
OU
Other Units
USD
2007000
1.8703338975
Long
PF
US
N
3
N
N
N
SAVORY FUND III BLOC KED LP /
N/A
SAVORY FUND III BLOC KED LP /
999999999
1
OU
Other Units
USD
464594
0.4329576018
Long
PF
US
N
N/A
N
N
N
SILVER INVESTMENTS H HOLDINGS Corp. /
N/A
SILVER INVESTMENTS H HOLDINGS Corp. /
999999999
1
OU
Other Units
USD
622807
0.5803971319
Long
PF
US
N
N/A
N
N
N
TPG TECH ADJACENCIES II INTERFACE II /
N/A
TPG TECH ADJACENCIES II INTERFACE II /
999999999
1
OU
Other Units
USD
286908
0.2673710802
Long
PF
US
N
N/A
N
N
N
POMONA PARTNERSHIP HOLDINGS XII L.P. /
N/A
POMONA PARTNERSHIP HOLDINGS XII L.P. /
999999999
1
OU
Other Units
USD
665439
0.6201261178
Long
PF
US
N
N/A
N
N
N
TPG TECH ADJACENCIES II INTERFACE, L.P. /
N/A
TPG TECH ADJACENCIES II INTERFACE, L.P. /
999999999
1
OU
Other Units
USD
615567
0.5736501377
Long
PF
US
N
N/A
N
N
N
TPG TECH ADJACENCIES II VEGA, LP /
N/A
TPG TECH ADJACENCIES II VEGA, LP /
999999999
1
OU
Other Units
USD
993012
0.9253931262
Long
PF
US
N
N/A
N
N
N
ASTRANIS SPACE TECHNOLOGIES Corp. /
N/A
ASTRANIS SPACE TECHNOLOGIES Corp. /
999999999
51992
OU
Other Units
USD
999998.53
0.9319039104
Long
PF
US
N
3
N
N
N
BAIN CAPITAL FUND XI I, LP /
N/A
BAIN CAPITAL FUND XI I, LP /
999999999
1
OU
Other Units
USD
149483
0.1393039970
Long
PF
US
N
N/A
N
N
N
BAIN CAPITAL FUND XI , LP /
N/A
BAIN CAPITAL FUND XI , LP /
999999999
1
OU
Other Units
USD
161943
0.1509155368
Long
PF
US
N
N/A
N
N
N
CARLYLE EUROPE PARTN ERS V, S.C.SP. /
N/A
CARLYLE EUROPE PARTN ERS V, S.C.SP. /
999999999
1
NS
864660.65
0.8057818254
Long
EC
CORP
XX
N
N/A
N
N
N
HS INVESTMENTS V F L.P. /
N/A
HS INVESTMENTS V F L.P. /
999999999
1
OU
Other Units
874578.38
0.8150242103
Long
PF
XX
N
N/A
N
N
N
GHO Capital IV USD LP /
N/A
GHO Capital IV USD LP /
999999999
1
OU
Other Units
USD
183111
0.1706421078
Long
PF
US
N
N/A
N
N
N
GPS IV L.P. /
N/A
GPS IV L.P. /
999999999
1
OU
Other Units
USD
161536
0.1505362514
Long
PF
US
N
N/A
N
N
N
HS INVESTMENTS VI A L.P. /
N/A
HS INVESTMENTS VI A L.P. /
999999999
1
OU
Other Units
USD
1817787
1.6940053037
Long
PF
US
N
N/A
N
N
N
HS INVESTMENTS VI B L.P. /
N/A
HS INVESTMENTS VI B L.P. /
999999999
1
OU
Other Units
USD
1586981
1.4789159736
Long
PF
US
N
N/A
N
N
N
HEDOSOPIA INVESTMENT VI N L.P. /
N/A
HEDOSOPIA INVESTMENT VI N L.P. /
999999999
1
NS
USD
1192455.46
1.1112555397
Long
EC
CORP
US
N
N/A
N
N
N
KERN RIVER CAPITAL, LLC /
N/A
KERN RIVER CAPITAL, LLC /
999999999
1
OU
Other Units
USD
520354
0.4849206402
Long
PF
US
N
N/A
N
N
N
KQ PARTNERS LP /
N/A
KQ PARTNERS LP /
999999999
1
OU
Other Units
USD
3977368
3.7065302408
Long
PF
US
N
N/A
N
N
N
L CATTERTON EUROPE I V, SLP /
N/A
L CATTERTON EUROPE I V, SLP /
999999999
1
NS
355739.19
0.3315152296
Long
EC
CORP
XX
N
N/A
N
N
N
MCTC Investment Hold Delaware LLC Class H /
N/A
MCTC Investment Hold Delaware LLC Class H /
999999999
1
OU
Other Units
USD
1400000
1.3046673924
Long
PF
US
N
N/A
N
N
N
MISFITS MARKET COMMON SHARES /
N/A
MISFITS MARKET COMMON SHARES /
999999999
5615
NS
USD
122126.25
0.1138100972
Long
EC
CORP
US
N
3
N
N
N
Hedosophia Inv VI J LP /
N/A
Hedosophia Inv VI J LP /
999999999
1
OU
Other Units
USD
761020
0.7091985564
Long
PF
US
N
N/A
N
N
N
HEDOSOPHIA PARTNERS III L.P. /
N/A
HEDOSOPHIA PARTNERS III L.P. /
999999999
1
OU
Other Units
USD
682571
0.6360915191
Long
PF
US
N
N/A
N
N
N
HEDOSOPHIA PARTNERS V L.P. /
N/A
HEDOSOPHIA PARTNERS V L.P. /
999999999
1
OU
Other Units
USD
205051
0.1910881096
Long
PF
US
N
N/A
N
N
N
HEDOSOPHIA PARTNERS V PARALLEL L.P. /
N/A
HEDOSOPHIA PARTNERS V PARALLEL L.P. /
999999999
1
OU
Other Units
USD
87858.85
0.0818761262
Long
PF
US
N
N/A
N
N
N
HEDOSOPHIA PARTNERS VI L.P. /
N/A
HEDOSOPHIA PARTNERS VI L.P. /
999999999
1
OU
Other Units
USD
1585757
1.4777753215
Long
PF
US
N
N/A
N
N
N
Hedosophia SP D I L.P. /
N/A
Hedosophia SP D I L.P. /
999999999
1
OU
Other Units
USD
1501250
1.3990228020
Long
PF
US
N
N/A
N
N
N
HEDOSOPHIA INVESTMEN TS VI E L.P /
N/A
HEDOSOPHIA INVESTMEN TS VI E L.P /
999999999
1
NS
1689830.90
1.5747623385
Long
EC
CORP
XX
N
N/A
N
N
N
HEDOSOPHIA INVESTM VI P L.P. /
N/A
HEDOSOPHIA INVESTM VI P L.P. /
999999999
1
OU
Other Units
USD
1007500
0.9388945699
Long
PF
US
N
N/A
N
N
N
HEDOSOPHIA INV VI O L.P. /
N/A
HEDOSOPHIA INV VI O L.P. /
999999999
1
OU
Other Units
USD
752935
0.7016641022
Long
PF
US
N
N/A
N
N
N
HEDOSOPHIA INVESTM VI K L.P. /
N/A
HEDOSOPHIA INVESTM VI K L.P. /
999999999
1
OU
Other Units
USD
1002897
0.9346050099
Long
PF
US
N
N/A
N
N
N
MISFITS MARKETS PREFERRED SHARES /
N/A
MISFITS MARKETS PREFERRED SHARES /
999999999
4243
NS
USD
95467.50
0.0889666673
Long
EP
CORP
US
N
3
N
N
N
RA CAPITAL NEXUS FUN D, LP /
N/A
RA CAPITAL NEXUS FUN D, LP /
999999999
1
OU
Other Units
USD
600361
0.5594795860
Long
PF
US
N
N/A
N
N
N
HEDOSOPHIA INVESTM VI G L.P. /
N/A
HEDOSOPHIA INVESTM VI G L.P. /
999999999
1
OU
Other Units
USD
1009031
0.9403213169
Long
PF
US
N
N/A
N
N
N
Hedosophia Inv VI I LP /
N/A
Hedosophia Inv VI I LP /
999999999
1
OU
Other Units
USD
386456.97
0.3601412909
Long
PF
US
N
N/A
N
N
N
RA CAPITAL NEXUS FUN D II, LP /
N/A
RA CAPITAL NEXUS FUN D II, LP /
999999999
1
OU
Other Units
USD
115982
0.1080842382
Long
PF
US
N
N/A
N
N
N
RA CAPITAL NEXUS FUN D III, LP /
N/A
RA CAPITAL NEXUS FUN D III, LP /
999999999
1
OU
Other Units
USD
209462
0.1951987438
Long
PF
US
N
N/A
N
N
N
POINT 72 HYPERSCALE, L.P. /
N/A
POINT 72 HYPERSCALE, L.P. /
999999999
1
OU
Other Units
USD
87887
0.0819023594
Long
PF
US
N
N/A
N
N
N
QUIET SELECT FT LP (CLASS E) /
N/A
QUIET SELECT FT LP (CLASS E) /
999999999
1
OU
Other Units
USD
986334
0.9191698627
Long
PF
US
N
N/A
N
N
N
HS INVESTMENTS EU21 LP /
N/A
HS INVESTMENTS EU21 LP /
999999999
1
NS
51605.35
0.0480912982
Long
EC
CORP
XX
N
N/A
N
N
N
QUIET VENTURE III, L .P. /
N/A
QUIET VENTURE III, L .P. /
999999999
1
OU
Other Units
USD
2502654
2.3322364773
Long
PF
US
N
N/A
N
N
N
QUIET SELECT FT, LP (CLASS B) /
N/A
QUIET SELECT FT, LP (CLASS B) /
999999999
1
OU
Other Units
USD
1234690
1.1506141305
Long
PF
US
N
N/A
N
N
N
Quiet Select F EON FT Class F - Eon /
N/A
Quiet Select F EON FT Class F - Eon /
999999999
1
OU
Other Units
USD
913836
0.8516085937
Long
PF
US
N
N/A
N
N
N
QUIET EE LP LP /
N/A
QUIET EE LP LP /
999999999
1
NS
USD
757192
0.7056312230
Long
EC
RF
US
N
N/A
N
N
N
QONTO COMMON /
N/A
QONTO COMMON /
999999999
562
NS
105940.08
0.0987261199
Long
EC
CORP
XX
N
3
N
N
N
QONTO PREFERRED SERIES D /
N/A
QONTO PREFERRED SERIES D /
999999999
2248
NS
428126.87
0.3989736908
Long
EC
CORP
XX
N
3
N
N
N
MQ PARTNERS LP /
N/A
MQ PARTNERS LP /
999999999
1
OU
Other Units
USD
1600000
1.4910484484
Long
PF
US
N
3
N
N
N
QUIET T1, LP /
N/A
QUIET T1, LP /
999999999
1
OU
Other Units
USD
993239
0.9256046687
Long
PF
US
N
N/A
N
N
N
QUIET T1, LP (CLASS B) /
N/A
QUIET T1, LP (CLASS B) /
999999999
1
OU
Other Units
USD
860960
0.8023331701
Long
PF
US
N
N/A
N
N
N
QUIET VENTURE II, L. P. /
N/A
QUIET VENTURE II, L. P. /
999999999
1
OU
Other Units
USD
406961.59
0.3792496546
Long
PF
US
N
N/A
N
N
N
TPG TECH ADJACENCIES II VITAL CI, L.P. /
N/A
TPG TECH ADJACENCIES II VITAL CI, L.P. /
999999999
1
OU
Other Units
USD
970803
0.9046964418
Long
PF
US
N
N/A
N
N
N
UFENAU VI GERMAN ASSET LIGHT, SLP /
N/A
UFENAU VI GERMAN ASSET LIGHT, SLP /
999999999
1
NS
579898.16
0.5404101573
Long
EC
CORP
XX
N
N/A
N
N
N
Ufenau VI Overflow SLP /
N/A
Ufenau VI Overflow SLP /
999999999
1
NS
67574.58
0.0629731079
Long
EC
CORP
XX
N
N/A
N
N
N
WH STRATEGIC OPP FND /
N/A
WH STRATEGIC OPP FND /
999999999
1
OU
Other Units
USD
549626
0.5121993716
Long
PF
US
N
N/A
N
N
N
WORKRISE COMMON /
N/A
WORKRISE COMMON /
WORK1Z192
3570
NS
USD
369209.40
0.3440681894
Long
EC
CORP
US
N
3
N
N
N
137 DIRECT FUND, LP /
N/A
137 DIRECT FUND, LP /
999999999
1
OU
Other Units
USD
1195063
1.1136855199
Long
PF
US
N
N/A
N
N
N
137 HOLDINGS GI LLC LLC /
N/A
137 HOLDINGS GI LLC LLC /
999999999
1
NS
USD
756471
0.7049593193
Long
EC
RF
US
N
N/A
N
N
N
137 HOLDINGS AI II, LLC /
N/A
137 HOLDINGS AI II, LLC /
999999999
1
OU
Other Units
USD
2454398
2.2872664561
Long
PF
US
N
N/A
N
N
N
137 HOLDINGS AP LLC /
N/A
137 HOLDINGS AP LLC /
999999999
1
OU
Other Units
USD
1250681
1.1655162278
Long
PF
US
N
N/A
N
N
N
137 HOLDINGS ISI LLC /
N/A
137 HOLDINGS ISI LLC /
999999999
1
OU
Other Units
USD
1261340
1.1754494062
Long
PF
US
N
N/A
N
N
N
137 HOLDINGS MS LLC- SERIES 2024-1 /
N/A
137 HOLDINGS MS LLC- SERIES 2024-1 /
999999999
1
OU
Other Units
USD
1860765
1.7340567288
Long
PF
US
N
N/A
N
N
N
137 OPPORTUNITY FUND , LP /
N/A
137 OPPORTUNITY FUND , LP /
999999999
1
OU
Other Units
USD
609102
0.5676253700
Long
PF
US
N
N/A
N
N
N
137 HOLDINGS PHI LLC /
N/A
137 HOLDINGS PHI LLC /
999999999
1
NS
USD
288732.43
0.2690712761
Long
EC
RF
US
N
N/A
N
N
N
137 HOLDINGS RBC, LLC /
N/A
137 HOLDINGS RBC, LLC /
999999999
1
OU
Other Units
USD
3930417
3.6627763559
Long
PF
US
N
N/A
N
N
N
137 HOLDINGS SXVII, LLC /
N/A
137 HOLDINGS SXVII, LLC /
999999999
1
OU
Other Units
USD
208678
0.1944681301
Long
PF
US
N
N/A
N
N
N
Carlyle Equ Fnd II LP Silver INV HLDCRP /
N/A
Carlyle Equ Fnd II LP Silver INV HLDCRP /
999999999
1
OU
Other Units
USD
886349
0.8259933133
Long
PF
US
N
N/A
N
N
N
EMPOWER FINANCE PREFERRED SERIES C /
N/A
EMPOWER FINANCE PREFERRED SERIES C /
999999999
140481
NS
USD
1583220.87
1.4754118886
Long
EP
CORP
US
N
3
N
N
N
EPIC GAMES /
N/A
EPIC GAMES /
999999999
1873
NS
USD
765008.12
0.7129151065
Long
EC
CORP
US
N
3
N
N
N
EURO CURRENCY /
N/A
EURO CURRENCY /
999999999
514605.25
OU
Currency
587985.89
0.5479471556
Long
STIV
XX
N
1
N
N
N
QUIET SELECT FT, LP (CLASS C) /
N/A
QUIET SELECT FT, LP (CLASS C) /
999999999
1
OU
Other Units
USD
1516177
1.4129333521
Long
PF
US
N
N/A
N
N
N
QUIET SELECT FT, LP (CLASS D) /
N/A
QUIET SELECT FT, LP (CLASS D) /
999999999
1
OU
Other Units
USD
500349
0.4662778751
Long
PF
US
N
N/A
N
N
N
QUIET VENTURE IV LP /
N/A
QUIET VENTURE IV LP /
999999999
1
OU
Other Units
USD
150000
0.1397857920
Long
PF
US
N
3
N
N
N
QUIET T1, LP (CLASS C) /
N/A
QUIET T1, LP (CLASS C) /
999999999
1
OU
Other Units
USD
503252
0.4689831961
Long
PF
US
N
N/A
N
N
N
QUIET ML L.P. /
N/A
QUIET ML L.P. /
999999999
1
OU
Other Units
USD
30849
0.0287483460
Long
PF
US
N
N/A
N
N
N
QUIET OA ACCESS LP /
N/A
QUIET OA ACCESS LP /
999999999
1
OU
Other Units
USD
4244974
3.9559136852
Long
PF
US
N
N/A
N
N
N
QUIET VENTURE I, L.P /
N/A
QUIET VENTURE I, L.P /
999999999
1
OU
Other Units
USD
1936966
1.8050688431
Long
PF
US
N
N/A
N
N
N
REVERENCE CAPITAL PA RTNERS OPPORTUNITIES /
N/A
REVERENCE CAPITAL PA RTNERS OPPORTUNITIES /
999999999
1
OU
Other Units
USD
320332.05
0.2985191288
Long
PF
US
N
N/A
N
N
N
FUND C-1, A SERIES O F RIOT VENTURES OPPO /
N/A
FUND C-1, A SERIES O F RIOT VENTURES OPPO /
999999999
1
OU
Other Units
USD
37526
0.0349706775
Long
PF
US
N
N/A
N
N
N
ROUTE APP PREFERRED SERIES A /
N/A
ROUTE APP PREFERRED SERIES A /
999999999
130209
NS
USD
334637.13
0.3118501084
Long
EP
CORP
US
N
3
N
N
N
SAPPHIRE VENTURE VII LP /
N/A
SAPPHIRE VENTURE VII LP /
999999999
1
OU
Other Units
USD
431995.74
0.4025791112
Long
PF
US
N
N/A
N
N
N
Savory Fund III I Coinvest I LLC /
N/A
Savory Fund III I Coinvest I LLC /
999999999
1
OU
Other Units
USD
540719
0.5038988912
Long
PF
US
N
N/A
N
N
N
SEER CAPITAL PARTNER S FUND LP /
N/A
SEER CAPITAL PARTNER S FUND LP /
999999999
1
OU
Other Units
USD
2295
0.0021387226
Long
PF
US
N
N/A
N
N
N
2026-08-27
First Trust Private Assets Fund
/s/ Michael D. Peck
Michael D. Peck
President
XXXX