# EDGAR Filing Document

**Accession Number:** 0002004413
**File Stem:** 0000910472-26-003600
**Filing Date:** 2026-3
**Character Count:** 21565
**Document Hash:** aba821eaa1fea24360938a77e652f63f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003600.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000910472-26-003600

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Beacon Pointe Multi-Alternative Fund
- **CENTRAL INDEX KEY:** 0002004413

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23921
- **FILM NUMBER:** 26704066

**BUSINESS ADDRESS:**
- **STREET 1:** 24 CORPORATE PLAZA DRIVE
- **STREET 2:** SUITE 150
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660
- **BUSINESS PHONE:** 16785537338

**MAIL ADDRESS:**
- **STREET 1:** 24 CORPORATE PLAZA DRIVE
- **STREET 2:** SUITE 150
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **BEACON POINTE MULTI-ALTERNATIVE FUND** | **BEACON POINTE MULTI-ALTERNATIVE FUND** | **BEACON POINTE MULTI-ALTERNATIVE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **PORTFOLIO INSTRUMENTS – 99.7%** | |
|  | **PRIVATE EQUITY – 36.0%** | |
|  | AMG Pantheon Fund, LLC, Class 3<sup>(a),(b),(c),(d),(e)</sup> | &nbsp;&nbsp;&nbsp; $52721497 |
| 7613153 | Cascade Private Capital Class I</sup> | &nbsp;&nbsp;&nbsp; 153481169 |
| 478927 | Oaktree Asset-Backed Income Fund, Class I<sup>(a)</sup></sup> | &nbsp;&nbsp;&nbsp; 49856322 |
|  | Partners Group Private Equity <sup>(a),(b),(c),(d),(e)</sup></sup></sup> | &nbsp;&nbsp;&nbsp; 20820401 |
|  | Pathway Select Fund LP, Series A<sup>(b),(c),(d),(e)</sup></sup> | &nbsp;&nbsp;&nbsp; 32864386 |
|  | Pathway Select Fund LP, Series 2025 <sup>(a),(b),(c),(d),(e)</sup></sup> | &nbsp;&nbsp;&nbsp; 21000209 |
|  | Stepstone Private Venture and Growth<sup>(a),(b),(c),(d),(e)</sup> | &nbsp;&nbsp;&nbsp; 23739067 |
|  |  | &nbsp;&nbsp; 354483051 |
|  | **PRIVATE CREDIT – 30.4%** |  |
| 6501687 | AMG Pantheon Credit Solutions Fund Class S | &nbsp;&nbsp;&nbsp; 70868385 |
|  | Antares CLO<sup>(b),(c),(d),(e)</sup> | &nbsp;&nbsp;&nbsp; 20000000 |
|  | Apollo Asset Back Credit Company, LLC<sup>(b),(c),(d),(e)</sup> | &nbsp;&nbsp;&nbsp; 25057968 |
|  | Ares Capital Management LLC<sup>(b),(c),(d),(e)</sup></sup> | &nbsp;&nbsp;&nbsp; 7890723 |
| 2137486 | Blue Owl Alternative Credit Fund, Class I<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 21289356 |
| 5144892 | Cliffwater Corporate Lending Fund | &nbsp;&nbsp;&nbsp; 53712669 |
| 3572375 | Cliffwater Enhanced Lending Fund, Class I | &nbsp;&nbsp;&nbsp; 38617372 |
|  | Commonwealth Credit Advisors, LLC<sup>(b),(c),(d),(e)</sup> | &nbsp;&nbsp;&nbsp; 10284494 |
|  | Kohlberg Credit CLO 2025-1, LLC<sup>(b),(c),(d),(e)</sup> | &nbsp;&nbsp;&nbsp; 10070796 |
|  | NXT Capital Structured Note I<sup>(b),(c),(d),(e)</sup> | &nbsp;&nbsp;&nbsp; 10000000 |
|  | TPG AG Credit Solutions Private Credit Investment<sup>(a),(b),(c),(d),(e)</sup> | &nbsp;&nbsp;&nbsp; 7569805 |
| 916585 | Variant Alternative Income Fund, Class I | &nbsp;&nbsp;&nbsp; 24124522 |
|  |  | &nbsp;&nbsp; 299486090 |
|  | **PRIVATE REAL ESTATE – 10.9%** |  |
| 1402695 | Apollo Diversified Real Estate Fund, Class I | &nbsp;&nbsp;&nbsp; 34688642 |
| 3643175 | Clarion Partners Real Estate Income Fund Class I | &nbsp;&nbsp;&nbsp; 41386468 |
| 1333739 | KKR Real Estate Select Trust Class I | &nbsp;&nbsp;&nbsp; 31276182 |
|  |  | &nbsp;&nbsp; 107351292 |
|  | **HEDGED EQUITIES AND HEDGE FUNDS- 6.2%** |  |
| 1007263 | BlackRock Systematic Multi-Strategy Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 10445319 |
| 1365059 | JPMorgan Equity Premium Income Fund, Class I | &nbsp;&nbsp;&nbsp; 22990454 |
| 636625 | JPMorgan Hedged Equity 2 Fund, Class I | &nbsp;&nbsp;&nbsp; 12637016 |
| 335806 | JPMorgan Hedged Equity 3 Fund, Class I | &nbsp;&nbsp;&nbsp; 7048573 |
| 212399 | JPMorgan Hedged Equity Fund, Class I | &nbsp;&nbsp;&nbsp; 7510424 |
|  |  | &nbsp;&nbsp;&nbsp; 60631786 |

---

---

| | | |
|:---|:---|:---|
| **BEACON POINTE MULTI-ALTERNATIVE FUND** | **BEACON POINTE MULTI-ALTERNATIVE FUND** | **BEACON POINTE MULTI-ALTERNATIVE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** | | **Fair Value** |
| | **PORTFOLIO INSTRUMENTS – 99.7% (Continued)** | |
|  | **REAL ASSETS – 7.5%** | |
| 3988036 | AMG Pantheon Infrastructure Class S<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $40717846 |
|  | Apollo Infrastructure Co.<sup>(a),(b),(c),(d),(e)</sup> | &nbsp;&nbsp;&nbsp; 33111952 |
|  |  | &nbsp;&nbsp;&nbsp; 73829798 |
|  | **LIQUIDITY POOL – 8.7%** |  |
| 1391527 | Aristotle Floating Rate Income Fund, Class I | &nbsp;&nbsp;&nbsp; 13108183 |
| 1369993 | BlackRock Floating Rate Income Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp; 13069734 |
| 37036146 | First American Treasury Obligations Fund, Class X | &nbsp;&nbsp;&nbsp; 37036146 |
| 502077 | Nuveen Floating Rate Income Fund, Class I | &nbsp;&nbsp;&nbsp; 8997211 |
| 1394199 | T Rowe Price Institutional Floating Rate Fund, Class I<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 13133355 |
|  |  | &nbsp;&nbsp; 85344629 |
|  | **TOTAL PORTFOLIO INSTRUMENTS (Cost $947,491,063)** | &nbsp;&nbsp; 981126646 |
|  | **TOTAL INVESTMENTS – 99.7% (Cost $947,491,063)** | &nbsp;&nbsp;&nbsp; $981126646 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.3%** | &nbsp;&nbsp; 2977072 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $984103718 |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Illiquid investments. The total fair value of these investments as of December 31, 2025, was $275,131,298 representing 28.0% of net assets.

<sup>(c)</sup> Restricted investment.

<sup>(d)</sup> Investment is valued using net asset value (or its equivalent) as a practical expedient. Total value of all such investments as December 31, 2025, amounted to $275,131,298, which represents approximately 28.0% of the net assets of the Fund.

<sup>(e)</sup> Investment does not issue shares.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Beacon Pointe Multi-Alternative Fund

- **b. Investment Company Act file number:** 811-23921

- **c. CIK number of Registrant:** 0002004413

- **d. LEI of Registrant:** 529900O3DOMBE9CAKQ42

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 24 Corporate Plaza Drive

  - **City:** Newport Beach

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92660

  - **Telephone number:** 833-822-4060

**Item A.2. Information about the Series.**

- **a. Name of Series:** Beacon Pointe Multi-Alternative Fund

- **c. LEI of Series:** 529900O3DOMBE9CAKQ42

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $985492651.33

**Total Liabilities:** $1388932.94

**Net Assets:** $984103718.39

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000135682 | 0.74%                | 0.46%                | 0.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $3825597.46                                |
| Month 2  | $0.00                    | $3390344.19                                |
| Month 3  | $-20085.18               | $-4505231.15                               |

### Schedule of Portfolio Investments

| Name                                                           | Title                                                             | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMG Pantheon Credit Solutions Fund                             | AMG Pantheon Credit Solutions Fund Class S                        | CUSIP: 03116M106<br>LEI: 254900P77ZWF9W0ZJG39 | Long             | EC               | RF                | US        |   6501687 | NS      | $70868385.38  | 7.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AMG Pantheon Infrastructure Fund LLC                           | AMG Pantheon Infrastructure Fund, LLC Class S                     | CUSIP: 03116R105<br>LEI: 254900JUOTN855ZMC003 | Long             | EC               | RF                | US        |   3988036 | NS      | $40717846.46  | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Aristotle Funds Series Trust                                   | Aristotle Floating Rate Income Fund Class I                       | CUSIP: 04045F592<br>LEI: 549300FDPZVU0VTJQB52 | Long             | EC               | RF                | US        |   1391527 | NS      | $13108182.93  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Funds V                                              | BlackRock Floating Rate Income Portfolio Institutional Class      | CUSIP: 09260B747<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |   1369993 | NS      | $13069734.52  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Funds VI                                             | BlackRock Systematic Multi-Strategy Fund Institutional Class      | CUSIP: 09260C307<br>LEI: 549300KV6WGZIWO78K31 | Long             | EC               | RF                | US        |   1007263 | NS      | $10445319.36  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Alternative Credit Fund                               | Blue Owl Alternative Credit Fund Class I                          | CUSIP: 09580L300<br>LEI: 2549003RD9LRX8SZ2E08 | Long             | EC               | RF                | US        |   2137486 | NS      | $21289355.76  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cascade Private Cap Fund                                       | Cascade Private Capital Fund Class I                              | CUSIP: 14734A101<br>LEI: 549300SV87BPH0O11881 | Long             | EC               | RF                | US        |   7613153 | NS      | $153481169.52 | 15.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Clarion Partners Real Estate Income Fund Inc.                  | Clarion Partners Real Estate Income Fund, Inc. Class I            | CUSIP: 180567406<br>LEI: 549300HQZ8T32H6E5695 | Long             | EC               | RF                | US        |   3643175 | NS      | $41386468.20  | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Cliffwater Corporate Lending Fund                              | Cliffwater Corporate Lending Fund Class I                         | CUSIP: 186854204<br>LEI: N/A                  | Long             | EC               | RF                | US        |   5144892 | NS      | $53712668.61  | 5.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Cliffwater Enhanced Lending Fund                               | Cliffwater Enhanced Lending Fund Class I                          | CUSIP: 18685P108<br>LEI: 549300GSOYHH68H7U345 | Long             | EC               | RF                | US        |   3572375 | NS      | $38617371.78  | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                                      | First American Treasury Obligations Fund Class X                  | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  37036146 | PA      | $37036145.81  | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Diversified Real Estate Fund                            | Apollo Diversified Real Estate Fund Class I                       | CUSIP: 39822J300<br>LEI: 549300M19PM53MCLJ804 | Long             | EC               | RF                | US        |   1402695 | NS      | $34688641.51  | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Trust I                                              | JPMorgan Hedged Equity Fund Class I                               | CUSIP: 46637K281<br>LEI: 549300DM5WZMCZZ70R78 | Long             | EC               | RF                | US        |    212399 | NS      | $7510423.58   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Jpmorgan Tr Iv                                                 | JPMorgan Hedged Equity 3 Fund Class I                             | CUSIP: 46645V329<br>LEI: 549300OTMPZX852VDL37 | Long             | EC               | RF                | US        |    335806 | NS      | $7048573.27   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Jpmorgan Tr Iv                                                 | JPMorgan Hedged Equity 2 Fund Class I                             | CUSIP: 46645V378<br>LEI: 549300OTMPZX852VDL37 | Long             | EC               | RF                | US        |    636625 | NS      | $12637016.12  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Jpmorgan Tr Iv                                                 | JPMorgan Equity Premium Income Fund Class I                       | CUSIP: 46645V675<br>LEI: 549300OTMPZX852VDL37 | Long             | EC               | RF                | US        |   1612234 | NS      | $22990454.23  | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Kkr Real Estate Select Trust Inc                               | KKR Real Estate Select Trust, Inc. Class I                        | CUSIP: 49836N502<br>LEI: 549300TOUQGPO6G51Q89 | Long             | EC               | RF                | US        |   1333739 | NS      | $31276181.82  | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Invt Tr Iii                                             | Nuveen Floating Rate Income Fund/Open End Class I                 | CUSIP: 67066D689<br>LEI: 549300KN1Y12IJRVCT53 | Long             | EC               | RF                | US        |    502077 | NS      | $8997211.38   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Oaktree Fund Advisors LLC                                      | Oaktree Asset-Backed Income Fund, Inc. Class I                    | CUSIP: 67402H204<br>LEI: N/A                  | Long             | EC               | RF                | US        |   4789272 | NS      | $49856321.83  | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Rowe T Price Instl                                             | T Rowe Price Institutional Floating Rate Fund Institutional Class | CUSIP: 77958B402<br>LEI: 5493006XJS7NAJMTOL28 | Long             | EC               | RF                | US        |   1394199 | NS      | $13133354.54  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Variant Alternative Income Fd                                  | Variant Alternative Income Fund Institutional Class               | CUSIP: 92220Q103<br>LEI: 549300VKWK774XXSGI69 | Long             | EC               | RF                | US        |    916585 | NS      | $24124522.39  | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Infrastructure Co. Private Equity                       | Apollo Infrastructure Co. Private Equity                          | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  31244138 | PA      | $32698258.01  | 3.32%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Partners Group Private Equity                                  | Partners Group Private Equity                                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  19104725 | NS      | $20911087.67  | 2.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AMG Pantheon Fund, LLC Private Equity                          | AMG Pantheon Fund, LLC Private Equity                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  47935031 | NS      | $52994730.18  | 5.39%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Pathway Select Fund LP Series A                                | Pathway Select Fund LP Series A                                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  24689779 | NS      | $32864385.58  | 3.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ares Capital Management LLC Private Equity                     | Ares Capital Management LLC Private Equity                        | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   8369032 | PA      | $8055552.79   | 0.82%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Pathway Select Fund LP Series 2025                             | Pathway Select Fund LP Series 2025                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  20286408 | NS      | $21000209.45  | 2.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NXT Capital Structured Note I Private Equity                   | NXT Capital Structured Note I Private Equity                      | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  10000000 | PA      | $10000000.00  | 1.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Antares CLO - 14.7% Private Credit Investment                  | Antares CLO - 14.7% Private Credit Investment                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  20000000 | PA      | $20000000.00  | 2.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Kohlberg Credit CLO 2025-1, LLC Private Credit Investment      | Kohlberg Credit CLO 2025-1, LLC Private Credit Investment         | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  10000000 | PA      | $10070796.00  | 1.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Commonwealth Credit Advisors, LLC Private Credit Investment    | Commonwealth Credit Advisors, LLC Private Credit Investment       | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  10000000 | PA      | $10284494.00  | 1.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Stepstone Private Venture and Growth Private Credit Investment | Stepstone Private Venture and Growth Private Credit Investment    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  21000000 | PA      | $23739066.71  | 2.41%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Apollo Asset Back Credit Company, LLC Series I                 | Apollo Asset Back Credit Company, LLC Series I                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  24994193 | PA      | $25076393.04  | 2.55%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TPG AG Credit Solutions Private Credit Investment              | TPG AG Credit Solutions Private Credit Investment                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   8341809 | PA      | $8341809.00   | 0.85%             |  |  |  | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

**Name of Applicant:** Beacon Pointe Multi-Altrnative Fund

**Signature:** Daniel D. Bauer

**Name of Signer:** Daniel D. Bauer

**Title:** VP, Fund Accounting