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
2026-03-31
2025-12-31
N
60801529.820000000000
881336.850000000000
59920192.970000000000
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
127079.710000000000
N
137 HOLDINGS AP LLC /
N/A
137 HOLDINGS AP LLC /
999999999
1
NS
USD
1270585.08
2.1204622633
Long
EC
RF
US
Y
N/A
N
N
N
137 HOLDINGS MS LLC- SERIES 2024-1 /
N/A
137 HOLDINGS MS LLC- SERIES 2024-1 /
999999999
1
NS
USD
929316
1.5509229092
Long
EC
RF
US
Y
N/A
N
N
N
137 OPPORTUNITY FUND , LP /
N/A
137 OPPORTUNITY FUND , LP /
999999999
1
NS
USD
427553
0.7135374217
Long
EC
RF
US
Y
N/A
N
N
N
137 HOLDINGS RBC, LLC /
N/A
137 HOLDINGS RBC, LLC /
999999999
1
NS
USD
2974766
4.9645467622
Long
EC
RF
US
Y
N/A
N
N
N
HEDOSOPHIA INVESTMEN TS VI E L.P /
N/A
HEDOSOPHIA INVESTMEN TS VI E L.P /
999999999
1
NS
1226279.23
2.0465208292
Long
EC
RF
XX
Y
N/A
N
N
N
HEDOSOPHIA INV VI O L.P. /
N/A
HEDOSOPHIA INV VI O L.P. /
999999999
1
NS
USD
757500
1.2641815095
Long
EC
RF
US
Y
N/A
N
N
N
HEDOSOPHIA INVESTM VI K L.P. /
N/A
HEDOSOPHIA INVESTM VI K L.P. /
999999999
1
NS
USD
1005581
1.6782005367
Long
EC
RF
US
Y
N/A
N
N
N
HEDOSOPHIA INVESTM VI G L.P. /
N/A
HEDOSOPHIA INVESTM VI G L.P. /
999999999
1
NS
USD
1008627
1.6832839649
Long
EC
RF
US
Y
N/A
N
N
N
RA CAPITAL NEXUS FUN D II, LP /
N/A
RA CAPITAL NEXUS FUN D II, LP /
999999999
1
NS
USD
161490
0.2695084779
Long
EC
RF
US
Y
N/A
N
N
N
RA CAPITAL NEXUS FUN D III, LP /
N/A
RA CAPITAL NEXUS FUN D III, LP /
999999999
1
NS
USD
171050
0.2854630326
Long
EC
RF
US
Y
N/A
N
N
N
POINT 72 HYPERSCALE, L.P. /
N/A
POINT 72 HYPERSCALE, L.P. /
999999999
1
NS
USD
108470
0.1810241166
Long
EC
RF
US
Y
N/A
N
N
N
QUIET SELECT FT LP (CLASS E) /
N/A
QUIET SELECT FT LP (CLASS E) /
999999999
1
NS
USD
755783
1.2613160314
Long
EC
RF
US
Y
N/A
N
N
N
TPG TECH ADJACENCIES II INTERFACE II /
N/A
TPG TECH ADJACENCIES II INTERFACE II /
999999999
1
NS
USD
281282
0.4694277272
Long
EC
RF
US
Y
N/A
N
N
N
TPG TECH ADJACENCIES II INTERFACE, L.P. /
N/A
TPG TECH ADJACENCIES II INTERFACE, L.P. /
999999999
1
NS
USD
583810
0.9743126166
Long
EC
RF
US
Y
N/A
N
N
N
TPG TECH ADJACENCIES II VEGA, LP /
N/A
TPG TECH ADJACENCIES II VEGA, LP /
999999999
1
NS
USD
1057653
1.7651027935
Long
EC
RF
US
Y
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
NS
USD
914999
1.5270294614
Long
EC
RF
US
Y
N/A
N
N
N
WH STRATEGIC OPP FND /
N/A
WH STRATEGIC OPP FND /
999999999
1
NS
USD
561000
0.9362453160
Long
EC
RF
US
Y
N/A
N
N
N
WORKRISE COMMON /
N/A
WORKRISE COMMON /
999999999
3570
NS
USD
387594.90
0.6468518888
Long
EC
CORP
US
N
3
N
N
N
137 DIRECT FUND, LP /
N/A
137 DIRECT FUND, LP /
999999999
1
NS
USD
857427
1.4309483289
Long
EC
RF
US
Y
N/A
N
N
N
137 HOLDINGS GI LLC LLC /
N/A
137 HOLDINGS GI LLC LLC /
999999999
1
NS
USD
600000
1.0013318887
Long
EC
RF
US
Y
N/A
N
N
N
137 HOLDINGS AI II, LLC /
N/A
137 HOLDINGS AI II, LLC /
999999999
1
NS
USD
1481549
2.4725370974
Long
EC
RF
US
Y
N/A
N
N
N
137 HOLDINGS SXVII, LLC /
N/A
137 HOLDINGS SXVII, LLC /
999999999
1
NS
USD
103774
0.1731870257
Long
EC
RF
US
Y
N/A
N
N
N
137 HOLDINGS SXX, LLC /
N/A
137 HOLDINGS SXX, LLC /
999999999
1
NS
USD
1815556
3.0299568643
Long
EC
RF
US
Y
N/A
N
N
N
137 VENTURES VI, LP /
N/A
137 VENTURES VI, LP /
999999999
1
NS
USD
1269425
2.1185262214
Long
EC
RF
US
Y
N/A
N
N
N
AIRWALLEX COMMON /
N/A
AIRWALLEX COMMON /
999999999
44050
NS
USD
938265
1.5658577743
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
NS
USD
1074226
1.7927612492
Long
EC
RF
US
Y
N/A
N
N
N
BAIN CAPITAL FUND XI I, LP /
N/A
BAIN CAPITAL FUND XI I, LP /
999999999
1
NS
USD
316758
0.5286331440
Long
EC
RF
US
Y
N/A
N
N
N
BAIN CAPITAL FUND XI , LP /
N/A
BAIN CAPITAL FUND XI , LP /
999999999
1
NS
USD
345248
0.5761797199
Long
EC
RF
US
Y
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
925872.61
1.5451762822
Long
EC
RF
XX
Y
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
NS
USD
904518
1.5095378622
Long
EC
RF
US
Y
N/A
N
N
N
EMPOWER FINANCE PREFERRED SERIES C /
N/A
EMPOWER FINANCE PREFERRED SERIES C /
999999999
140481
NS
USD
1645032.51
2.7453725171
Long
EP
CORP
US
N
3
N
N
N
EPIC GAMES /
N/A
EPIC GAMES /
999999999
1873
NS
USD
1094993.26
1.8274194486
Long
EC
CORP
US
N
3
N
N
N
EURO CURRENCY /
N/A
EURO CURRENCY /
999999999
53414
OU
Currency
62773.53
0.1047618956
Long
STIV
XX
N
1
N
N
N
GHO Capital IV USD LP /
N/A
GHO Capital IV USD LP /
999999999
1
NS
USD
0
0.0000000000
Long
EC
RF
US
Y
N/A
N
N
N
GPS IV L.P. /
N/A
GPS IV L.P. /
999999999
1
NS
USD
160662
0.2681266398
Long
EC
RF
US
Y
N/A
N
N
N
Hedosophia Inv VI J LP /
N/A
Hedosophia Inv VI J LP /
999999999
1
NS
USD
757630
1.2643984648
Long
EC
RF
US
Y
N/A
N
N
N
HEDOSOPHIA PARTNERS III L.P. /
N/A
HEDOSOPHIA PARTNERS III L.P. /
999999999
1
NS
USD
644137
1.0749915314
Long
EC
RF
US
Y
N/A
N
N
N
HEDOSOPHIA PARTNERS V L.P. /
N/A
HEDOSOPHIA PARTNERS V L.P. /
999999999
1
NS
USD
202725
0.3383250119
Long
EC
RF
US
Y
N/A
N
N
N
HEDOSOPHIA PARTNERS V PARALLEL L.P. /
N/A
HEDOSOPHIA PARTNERS V PARALLEL L.P. /
999999999
1
NS
USD
83739
0.1397508851
Long
EC
RF
US
Y
N/A
N
N
N
HEDOSOPHIA PARTNERS VI L.P. /
N/A
HEDOSOPHIA PARTNERS VI L.P. /
999999999
1
NS
USD
1301682
2.1723594927
Long
EC
RF
US
Y
N/A
N
N
N
Savory Fund III I Coinvest I LLC /
N/A
Savory Fund III I Coinvest I LLC /
999999999
1
NS
USD
505020
0.8428210507
Long
EC
RF
US
Y
N/A
N
N
N
SEER CAPITAL PARTNER S FUND LP /
N/A
SEER CAPITAL PARTNER S FUND LP /
999999999
1
NS
USD
24160
0.0403202974
Long
EC
RF
US
Y
N/A
N
N
N
UMB MONEY MARKET II SPECIAL /
N/A
UMB MONEY MARKET II SPECIAL /
SF8888628
734246.37
PA
USD
734246.37
1.2253738408
Long
STIV
CORP
US
N
1
N
N
N
SAVORY FUND III BLOC KED LP /
N/A
SAVORY FUND III BLOC KED LP /
999999999
1
NS
USD
474855
0.7924790900
Long
EC
RF
US
Y
N/A
N
N
N
MISFITS MARKETS PREFERRED SHARES /
N/A
MISFITS MARKETS PREFERRED SHARES /
999999999
4243
NS
USD
136370.02
0.2275860828
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
NS
USD
454205
0.7580165842
Long
EC
RF
US
Y
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
NS
USD
352098
0.5876115923
Long
EC
RF
US
Y
N/A
N
N
N
QUIET EE LP LP /
N/A
QUIET EE LP LP /
999999999
1
NS
USD
762188
1.2720052494
Long
EC
RF
US
Y
N/A
N
N
N
QONTO COMMON /
N/A
QONTO COMMON /
999999999
562
NS
101706.88
0.1697372371
Long
EC
CORP
XX
N
3
N
N
N
QONTO PREFERRED SERIES D /
N/A
QONTO PREFERRED SERIES D /
999999999
2248
NS
412349.09
0.6881638218
Long
EC
CORP
XX
N
3
N
N
N
QUIET T1, LP /
N/A
QUIET T1, LP /
999999999
1
NS
USD
988632
1.6499145797
Long
EC
RF
US
Y
N/A
N
N
N
QUIET T1, LP (CLASS B) /
N/A
QUIET T1, LP (CLASS B) /
999999999
1
NS
USD
1106661
1.8468915822
Long
EC
RF
US
Y
N/A
N
N
N
QUIET VENTURE II, L. P. /
N/A
QUIET VENTURE II, L. P. /
999999999
1
NS
USD
379526
0.6333858107
Long
EC
RF
US
Y
N/A
N
N
N
QUIET VENTURE III, L .P. /
N/A
QUIET VENTURE III, L .P. /
999999999
1
NS
USD
1680431
2.8044485785
Long
EC
RF
US
Y
N/A
N
N
N
QUIET SELECT FT, LP (CLASS B) /
N/A
QUIET SELECT FT, LP (CLASS B) /
999999999
1
NS
USD
754950
1.2599258490
Long
EC
RF
US
Y
N/A
N
N
N
QUIET SELECT FT, LP (CLASS C) /
N/A
QUIET SELECT FT, LP (CLASS C) /
999999999
1
NS
USD
1514093.90
2.5268508410
Long
EC
RF
US
Y
N/A
N
N
N
QUIET SELECT FT, LP (CLASS D) /
N/A
QUIET SELECT FT, LP (CLASS D) /
999999999
1
NS
USD
503425
0.8401591768
Long
EC
RF
US
Y
N/A
N
N
N
QUIET T1, LP (CLASS C) /
N/A
QUIET T1, LP (CLASS C) /
999999999
1
NS
USD
502859
0.8392145871
Long
EC
RF
US
Y
N/A
N
N
N
QUIET ML L.P. /
N/A
QUIET ML L.P. /
999999999
1
NS
USD
30979
0.0517004343
Long
EC
RF
US
Y
N/A
N
N
N
QUIET OA ACCESS LP /
N/A
QUIET OA ACCESS LP /
999999999
1
NS
USD
1351446
2.2554099595
Long
EC
RF
US
Y
N/A
N
N
N
QUIET VENTURE I, L.P /
N/A
QUIET VENTURE I, L.P /
999999999
1
NS
USD
1999507
3.3369502014
Long
EC
RF
US
Y
N/A
N
N
N
REVERENCE CAPITAL PA RTNERS OPPORTUNITIES /
N/A
REVERENCE CAPITAL PA RTNERS OPPORTUNITIES /
999999999
1
NS
USD
481341.39
0.8033041386
Long
EC
RF
US
Y
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
NS
USD
37535
0.0626416541
Long
EC
RF
US
Y
N/A
N
N
N
ROUTE APP PREFERRED SERIES A /
N/A
ROUTE APP PREFERRED SERIES A /
999999999
130209
NS
USD
425783.43
0.7105842103
Long
EP
CORP
US
N
3
N
N
N
SAPPHIRE VENTURE VII LP /
N/A
SAPPHIRE VENTURE VII LP /
999999999
1
NS
USD
120635.53
0.2013270052
Long
EC
RF
US
Y
N/A
N
N
N
Hedosophia Inv VI I LP /
N/A
Hedosophia Inv VI I LP /
999999999
1
NS
USD
309300
0.5161865886
Long
EC
RF
US
Y
N/A
N
N
N
HS INVESTMENTS EU21 LP /
N/A
HS INVESTMENTS EU21 LP /
999999999
1
NS
39294.86
0.0655786606
Long
EC
RF
XX
Y
N/A
N
N
N
HS INVESTMENTS EU23 L.P. /
N/A
HS INVESTMENTS EU23 L.P. /
999999999
1
NS
1174786.70
1.9605856420
Long
EC
RF
XX
Y
N/A
N
N
N
HEDOSOPHIA INVEST FUND LP SHIFT 5 /
N/A
HEDOSOPHIA INVEST FUND LP SHIFT 5 /
999999999
1
NS
USD
752744
1.2562442854
Long
EC
RF
US
Y
N/A
N
N
N
HS INVESTMENTS IV M L.P. /
N/A
HS INVESTMENTS IV M L.P. /
999999999
1
NS
483611.47
0.8070926444
Long
EC
RF
XX
Y
N/A
N
N
N
HS INVESTMENTS N.A.18 L.P. /
N/A
HS INVESTMENTS N.A.18 L.P. /
999999999
1
NS
USD
2638769
4.4038059112
Long
EC
RF
US
Y
N/A
N
N
N
HS INVESTMENTS V F L.P. /
N/A
HS INVESTMENTS V F L.P. /
999999999
1
NS
904059.23
1.5087722272
Long
EC
RF
XX
Y
N/A
N
N
N
HS INVESTMENTS VI A L.P. /
N/A
HS INVESTMENTS VI A L.P. /
999999999
1
NS
USD
1815348
3.0296097359
Long
EC
RF
US
Y
N/A
N
N
N
HS INVESTMENTS VI B L.P. /
N/A
HS INVESTMENTS VI B L.P. /
999999999
1
NS
USD
1396847
2.3311790746
Long
EC
RF
US
Y
N/A
N
N
N
HEDOSOPIA INVESTMENT VI N L.P. /
N/A
HEDOSOPIA INVESTMENT VI N L.P. /
999999999
1
NS
USD
656000
1.0947895317
Long
EC
RF
US
Y
N/A
N
N
N
KERN RIVER CAPITAL, LLC /
N/A
KERN RIVER CAPITAL, LLC /
999999999
1
NS
USD
288812
0.4819944424
Long
EC
RF
US
Y
N/A
N
N
N
KQ PARTNERS LP /
N/A
KQ PARTNERS LP /
999999999
1
NS
USD
2478815.43
4.1368615606
Long
EC
RF
US
Y
N/A
N
N
N
L CATTERTON EUROPE I V, SLP /
N/A
L CATTERTON EUROPE I V, SLP /
999999999
1
NS
449622.76
0.7503693458
Long
EC
RF
XX
Y
N/A
N
N
N
MISFITS MARKET COMMON SHARES /
N/A
MISFITS MARKET COMMON SHARES /
999999999
5615
NS
USD
178500.85
0.2978976555
Long
EC
CORP
US
N
3
N
N
N
2026-03-01
First Trust Private Assets Fund
/s/ Michael D. Peck
Michael D. Peck
President
XXXX