Exhibit 31.1



|CERTIFICATIONS PURSUANT TO 18 U.S.C.
      SECTION 1350,AS ADOPTED PURSUANT TO SECTION
      302OF THE SARBANES-OXLEY ACT OF
  2002
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| | CERTIFICATIONI,Thomas E. Faust Jr.,
      certify that:
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|1. | I have reviewed this Form10-QofBelairCapital Fund LLC;                                                                                                                                                                                                                                                                                                               
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|2. | Based on my knowledge, this
      report does not contain any untrue statement of a material fact or omit to
      state a material fact necessary to make the statements made, in light of
      the circumstances under which such statements were made, not misleading
      with respect to the period covered by this report;                                   
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|3. | Based on my knowledge, the
      financial statements, and other financial information included in this
      report, fairly present in all material respects the financial condition,
      results of operations and cash flows of the registrant as of, and for, the
      periods presented in this report;                                                      
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|4. | The registrant's other certifying
      officer(s) and I are responsible for establishing and maintaining
      disclosure controls and procedures (as defined in Exchange Act Rules
      13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
      defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant
      and have:
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|   | a)                                                                                                                                                                                                                                                                                                                                                                   
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|   | b)                                                                                                                                                                                                                                                                                                                                                                   
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|   | c)                                                                                                                                                                                                                                                                                                                                                                   
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|   | d)                                                                                                                                                                                                                                                                                                                                                                   
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|5. | The registrant's other certifying
      officer(s) and I have disclosed, based on our most recent evaluation of
      internal control over financial reporting, to the registrant's auditors
      and the audit committee of registrant's board of directors (or persons
      performing the equivalent functions):                                               
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|   | a)                                                                                                                                                                                                                                                                                                                                                                   
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|   | b)                                                                                                                                                                                                                                                                                                                                                                   
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|Date:May 10,
    2006
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| | /s/Thomas E.
      Faust Jr.Thomas E. Faust Jr.Chief Executive Officer
| | ----------------------------------------------------------------------