Investment adviser · CRD 120338

EVANSTON CAPITAL MANAGEMENT, LLC

Investment adviser filing (IA)

EVANSTON, IL, United States · Form ADV filed Mar 27, 2026

Regulatory AUM
$4.49B
Form ADV · Item 5.F
Client accounts
10
Accounts, not individual clients
Employees
28
Reported in this filing
Advisory professionals
13
Investment advisory functions

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles9$4,396,595,50597.9%
Investment companies1$93,954,9862.1%
Filing source

Form ADV 2064401 · Mar 27, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

12 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

THE WEATHERLOW FUND I L.P.Hedge Fund · Last reported Mar 27, 2026$3.81BGross asset value

Feeder funds

  • THE WEATHERLOW OFFSHORE FUND II LTD.
  • THE WEATHERLOW OFFSHORE FUND I LTD.
Fund administrator CITCO FUND SERVICES (CURACAO) B.V. WILLEMSTAD, Netherlands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP CHICAGO, Illinois, United States
Auditor DELOITTE & TOUCHE LLP GRAND CAYMAN KY1-1109, Cayman Islands
Custodian NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No
Custodian THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No
Marketer CAIS CAPITAL LLC NEW YORK, New York, United States Related to adviser: No
Marketer FORESIDE FUND SERVICES, LLC PORTLAND, Maine, United States Related to adviser: No
Marketer MORGAN STANLEY NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

DELOITTE & TOUCHE LLP
PCAOB 34

DELOITTE & TOUCHE LLP
PCAOB 1096

THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

CAIS CAPITAL LLC
CRD 154512 · SEC 8-68646

FORESIDE FUND SERVICES, LLC
CRD 46106 · SEC 8-51293

MORGAN STANLEY
CRD 149777 · SEC 801-70103

Fund details & source
Fund ID
805-5598317228
Reported beneficial owners
484
Minimum commitment
$250K
Form D file number
021-49700
Form D file number
021-61565
Form D file number
021-75308

Form ADV 2064401 · Mar 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

EVANSTON ALPHA STRATEGIES FUND L.P.Hedge Fund · Last reported Mar 27, 2026$260MGross asset value

Form D fundraising filings

Evanston Alpha Strategies Fund L.P.

Feeder funds

  • EVANSTON ALPHA STRATEGIES OFFSHORE FUND LTD.
Fund administrator CITCO FUND SERVICES (CURACAO) B.V. WILLEMSTAD, Netherlands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP GRAND CAYMAN KY1-1109, Cayman Islands
Auditor DELOITTE & TOUCHE LLP CHICAGO, Illinois, United States
Custodian NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No
Custodian THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No
Marketer FORESIDE FUND SERVICES, LLC PORTLAND, Maine, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

DELOITTE & TOUCHE LLP
PCAOB 1096

DELOITTE & TOUCHE LLP
PCAOB 34

THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

FORESIDE FUND SERVICES, LLC
CRD 46106 · SEC 8-51293

Fund details & source
Fund ID
805-8886145188
Reported beneficial owners
50
Minimum commitment
$250K
Form D file number
021-159830

Form ADV 2064401 · Mar 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

POETIC LICENSE PARTNERS, LPOther Private Fund · Last reported Mar 27, 2026$177MGross asset value

Form D fundraising filings

POETIC LICENSE PARTNERS, LP

Fund administrator CITCO FUND SERVICES (USA) INC. JERSEY CITY, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP CHICAGO, Illinois, United States
Custodian NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No
Custodian THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

DELOITTE & TOUCHE LLP
PCAOB 34

THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

Fund details & source
Fund ID
805-5104106024
Reported beneficial owners
47
Minimum commitment
$100K
Form D file number
021-62492

Form ADV 2064401 · Mar 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

ECM BLOCKCHAIN FUND I LPPrivate Equity Fund · Last reported Mar 27, 2026$72.8MGross asset value

Form D fundraising filings

ECM Blockchain Fund I LP

Fund administrator NAV FUND ADMINISTRATION GROUP OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG LLP SAN FRANCISCO, California, United States
Custodian NORTHBROOK BANK AND TRUST COMPANY, N.A. NORTHBROOK, Illinois, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

KPMG LLP
PCAOB 185

NORTHBROOK BANK AND TRUST COMPANY, N.A.
LEI CLHA5EVJO4FMZ2WOBV70

Fund details & source
Fund ID
805-2957727768
Reported beneficial owners
126
Minimum commitment
$250K
Form D file number
021-409297

Form ADV 2064401 · Mar 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

CLEARWATER FUND L.P.Hedge Fund · Last reported Mar 27, 2026$47.2MGross asset value

Form D fundraising filings

Clearwater Fund L.P.

Fund administrator CITCO FUND SERVICES (USA) INC. JERSEY CITY, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP CHICAGO, Illinois, United States
Custodian NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No
Custodian THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

DELOITTE & TOUCHE LLP
PCAOB 34

THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

Fund details & source
Fund ID
805-8937229890
Reported beneficial owners
6
Minimum commitment
$250K
Form D file number
021-302842

Form ADV 2064401 · Mar 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

EVANSTON CREDIT OPPORTUNITIES FUND, LTD.Hedge Fund · Last reported Mar 27, 2026$24.7MGross asset value

Form D fundraising filings

Evanston Credit Opportunities Fund, Ltd.

Fund administrator CITCO FUND ADMINISTRATION (CAYMAN ISLANDS) LIMITED GRAND CAYMAN KY1-1205, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP GRAND CAYMAN KY1-1109, Cayman Islands
Custodian NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No
Custodian THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

DELOITTE & TOUCHE LLP
PCAOB 1096

THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

Fund details & source
Fund ID
805-7466563754
Reported beneficial owners
4
Minimum commitment
$100K
Form D file number
021-374911

Form ADV 2064401 · Mar 27, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

EVANSTON HEDGE PARTNERS L.P.Hedge Fund · Last reported Mar 27, 2024$56.6MGross asset value

Form D fundraising filings

Evanston Hedge Partners L.P.

Fund administrator CITCO FUND SERVICES (USA) INC. JERSEY CITY, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE LLP CHICAGO, Illinois, United States
Custodian NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No
Custodian THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

DELOITTE & TOUCHE LLP
PCAOB 34

THE BANK OF NEW YORK MELLON
LEI HPFHU0OQ28E4N0NFVK49

Fund details & source
Fund ID
805-2429832519
Reported beneficial owners
45
Minimum commitment
$100K
Form D file number
021-389198

Form ADV 1814104 · Mar 27, 2024 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 27, 2026. View historical filings

Reported services

Investment company portfolio management · Pooled investment vehicle management · Selection of other advisers

Compensation

Percentage of assets · Performance-based

Principal office

1560 SHERMAN AVENUE, SUITE 960
EVANSTON, IL, 60201-4811, United States

CRD 120338

Filing source

Form ADV 2064401 · Mar 27, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.