Evanston Capital Management, LLC is an SEC-registered investment adviser based in Evanston, IL that reports managing 4 hedge funds on Form ADV. It reports $4.5 billion in regulatory assets under management. Its private funds, of all types, hold $4.4 billion in gross assets.
- Regulatory assets under management
- $4.5 billionForm ADV Item 5.F
- Gross assets of private funds
- $4.4 billionAll private fund types, Form ADV
- Hedge funds managed
- 46 private funds in total
- Employees
- 28Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 120338
- Latest Form ADV
- 03/27/2026Disciplinary disclosures: none reported
Hedge funds filing Form D (4)
Fund
First sale
Raised
Investors
Minimum
YTD performance
Evanston Alpha Strategies Fund L.P.
Evanston, IL
First saleMay 2011
Raised$236M
Investors31
Minimum$100K
YTD performanceNot reported
Evanston Alpha Strategies Offshore Fund Ltd.
Evanston, IL
First saleOct 2021
Raised$115M
Investors27
Minimum$100K
YTD performanceNot reported
Evanston Credit Opportunities Fund, Ltd.
Evanston, IL
First saleSep 2020
Raised$28.4M
Investors5
Minimum$250K
YTD performanceNot reported
Clearwater Fund L.P.
Evanston, IL
First saleJan 2018
Raised$27.9M
Investors10
Minimum$250K
YTD performanceNot reported
Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. HedgeMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures