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
Client accounts: 10
Employees: 28
Advisory professionals: 13

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
Pooled investment vehicles	9	$4,396,595,505	97.9%
Investment companies	1	$93,954,986	2.1%

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.

EVANSTON INTERNATIONAL EQUITY FOCUSED FUND, L.P.Hedge Fund · Last reported Mar 29, 2023$25.3MGross asset value

Form D fundraising filings

EVANSTON INTERNATIONAL EQUITY FOCUSED 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 JEFFERIES LLC NEW YORK, New York, United States Related to adviser: No

Custodian NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No

Prime broker JEFFERIES LLC NEW YORK, New York, United States

Provider details

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

DELOITTE & TOUCHE LLP
PCAOB 34

Fund details & source

Fund ID: 805-8028553960
Reported beneficial owners: 12
Minimum commitment: $250K
Form D file number: 021-388077

Form ADV 1702400 · Mar 29, 2023 · 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.

BRAINARD LTD.Hedge Fund · Last reported Apr 23, 2021$1.09MGross asset value

Fund administrator CITCO FUND SERVICES (CURAÇAO) B.V. WILLEMSTAD, Netherlands 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

Provider details

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

DELOITTE & TOUCHE LLP
PCAOB 34

Fund details & source

Fund ID: 805-4681861310
Reported beneficial owners: 0
Minimum commitment: $100K

Form ADV 1534050 · Apr 23, 2021 · 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.

THE WEATHERLOW LONG-SHORT EQUITY FUND L.P.Hedge Fund · Last reported Mar 22, 2019$1.04MGross asset value

Form D fundraising filings

Weatherlow Long-Short Equity Fund L.P.

Fund administrator CITCO FUND SERVICES (CURAÇAO) B.V. WILLEMSTAD, Netherlands Investor statements: Yes (provided to all investors) Related to adviser: No

Custodian NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No

Provider details

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

Fund details & source

Fund ID: 805-4183069412
Reported beneficial owners: 8
Minimum commitment: $250K
Form D file number: 021-90304

Form ADV 1274406 · Mar 22, 2019 · 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 FOCUSED ALPHA FUND L.P.Hedge Fund · Last reported Apr 23, 2021$543KGross asset value

Form D fundraising filings

Evanston Focused Alpha Fund L.P.

Fund administrator CITCO FUND SERVICES (CURAÇAO) B.V. WILLEMSTAD, Netherlands 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

Provider details

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

DELOITTE & TOUCHE LLP
PCAOB 34

Fund details & source

Fund ID: 805-3533484840
Reported beneficial owners: 0
Minimum commitment: $100K
Form D file number: 021-222717

Form ADV 1534050 · Apr 23, 2021 · 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 FOCUSED ALPHA FUND LTD.Hedge Fund · Last reported Apr 23, 2021$199KGross asset value

Form D fundraising filings

Evanston Focused Alpha 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 (CAYMAN ISLANDS) 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 (CAYMAN ISLANDS)
PCAOB 1096

THE BANK OF NEW YORK MELLON
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Fund details & source

Fund ID: 805-1486521938
Reported beneficial owners: 0
Minimum commitment: $100K
Form D file number: 021-267229

Form ADV 1534050 · Apr 23, 2021 · 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.