# EDGAR Filing Document

**Accession Number:** 0002004413
**File Stem:** 0001752724-25-212050
**Filing Date:** 2025-8
**Character Count:** 19010
**Document Hash:** fcd56ed56155a0d766da19f4b595abce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-212050.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001752724-25-212050

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**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:** 251276316

**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)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **PORTFOLIO INVESTMENTS — 100.9%** | |
|  | **PRIVATE EQUITY – 35.9%** | |
|  | AMG Pantheon Fund, LLC, Class 3<sup>(a),(b),(c),(d),(e)</sup> | &nbsp;&nbsp;&nbsp; $51368274 |
| 6883231 | Cascade Private Capital, Class I | &nbsp;&nbsp;&nbsp; 129817743 |
|  | NXT Capital Structured Note, Class I<sup>(b),(c),(d),(e)</sup> | &nbsp;&nbsp;&nbsp; 10000000 |
|  | Partners Group Private Equity<sup>(a),(b),(c),(d),(e)</sup> | &nbsp;&nbsp;&nbsp; 15288181 |
|  | Pathway Select Fund LP, Series A<sup>(a),(b),(c),(d),(e)</sup> | &nbsp;&nbsp;&nbsp; 26627881 |
|  | Pathway Select Fund LP, Series 2025<sup>(a),(b),(c),(d),(e)</sup> | &nbsp;&nbsp;&nbsp; 13823009 |
|  |  | &nbsp;&nbsp;&nbsp; 246925088 |
|  | **PRIVATE CREDIT – 34.0%** |  |
| 6066040 | AMG Pantheon Credit Solutions Fund, Class S | &nbsp;&nbsp;&nbsp; 66544462 |
|  | Antares CLO<sup>(b),(c),(d),(e)</sup> | &nbsp;&nbsp;&nbsp; 20000000 |
|  | Ares Capital Management LLC <sup>(b),(c),(d),(e)</sup> | &nbsp;&nbsp;&nbsp; 7660676 |
| 5144892 | Cliffwater Corporate Lending Fund, Class I | &nbsp;&nbsp;&nbsp; 55667727 |
| 3572375 | Cliffwater Enhanced Lending Fund, Class I | &nbsp;&nbsp;&nbsp; 39867703 |
|  | Commonwealth Credit Advisors, LLC<sup>(b),(c),(d),(e)</sup> | &nbsp;&nbsp;&nbsp; 10000000 |
|  | Kohlberg Credit CLO 2025-1, LLC<sup>(b),(c),(d),(e)</sup> | &nbsp;&nbsp;&nbsp; 10000000 |
| 916585 | Variant Alternative Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 24298674 |
|  |  | &nbsp;&nbsp;&nbsp; 234039242 |
|  | **PRIVATE REAL ESTATE – 12.6%** |  |
| 1402695 | Apollo Diversified Real Estate Fund, Class I | &nbsp;&nbsp;&nbsp; 35333881 |
| 2816898 | Clarion Partners Real Estate Income Fund, Class I | &nbsp;&nbsp;&nbsp; 32366154 |
| 783896 | KKR Real Estate Select Trust, Class I | &nbsp;&nbsp;&nbsp; 18782160 |
|  |  | &nbsp;&nbsp;&nbsp; 86482195 |
|  | **HEDGED EQUITIES AND HEDGE FUNDS – 6.7%** |  |
| 1007263 | BlackRock Systematic Multi-Strategy Fund, Institutional Class | $10535973 |
| 989970 | JPMorgan Equity Premium Income Fund, Class I | 13918981 |
| 636625 | JPMorgan Hedged Equity 2 Fund, Class I | 12000391 |
| 335806 | JPMorgan Hedged Equity 3 Fund, Class I | 6595235 |
| 82454 | JPMorgan Hedged Equity Fund, Class I | 2729218 |
|  |  | 45779798 |
|  | **REAL ASSETS – 4.7%** |  |
|  | Apollo Infrastructure Co.<sup>(b),(c),(d),(e)</sup> | 32063703 |

---

---

| | | | |
|:---|:---|:---|:---|
| **BEACON POINTE MULTI-ALTERNATIVE FUND** | **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)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** | **Shares** |  | **Fair Value** |
| | | **PORTFOLIO INVESTMENTS — 100.9% (Continued)** | |
|  |  | **LIQUIDITY POOL – 7.1%** |  |
| 1261114 | 1261114 | Aristotle Floating Rate Income Fund, Class I | &nbsp;&nbsp;&nbsp;$11867078 |
| 1252165 | 1252165 | BlackRock Floating Rate Income Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp;12020781 |
| 12999414 | 12999414 | First American Treasury Obligations Fund, Class X | &nbsp;&nbsp;&nbsp;12999414 |
| 1264168 | 1264168 | T Rowe Price Institutional Floating Rate Fund, Investor Class | &nbsp;&nbsp;&nbsp;11933744 |
|  |  |  | &nbsp;&nbsp;&nbsp;48821017 |
|  |  | **TOTAL PORTFOLIO INSTRUMENTS (Cost $676,357,743)** | &nbsp;&nbsp; 694111043 |
|  |  | **TOTAL INVESTMENTS - 100.9% (Cost $676,357,743)** | &nbsp;&nbsp;&nbsp; $694111043 |
|  |  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.9)%** | &nbsp;&nbsp; (5960031) |
|  |  | **NET ASSETS - 100.0%** | &nbsp;&nbsp;&nbsp;$688151012 |
| <sup>(a)</sup> | Non-income producing security. | Non-income producing security. | Non-income producing security. |
| <sup>(b)</sup> | Illiquid investments. The total fair value of these investments as of June 30, 2025, was $196,831,724, representing 28.6% of net assets. | Illiquid investments. The total fair value of these investments as of June 30, 2025, was $196,831,724, representing 28.6% of net assets. | Illiquid investments. The total fair value of these investments as of June 30, 2025, was $196,831,724, representing 28.6% of net assets. |
| <sup>(c)</sup> | Restricted investment. | Restricted investment. | 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 June 30, 2025, amounted to $196,831,724, which represents approximately 28.6% of the net assets of the Fund. | Investment is valued using net asset value (or its equivalent) as a practical expedient. Total value of all such investments as June 30, 2025, amounted to $196,831,724, which represents approximately 28.6% of the net assets of the Fund. | Investment is valued using net asset value (or its equivalent) as a practical expedient. Total value of all such investments as June 30, 2025, amounted to $196,831,724, which represents approximately 28.6% of the net assets of the Fund. |
| <sup>(e)</sup> | Investment does not issue shares. | Investment does not issue shares. | 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:** 2025-06-30

**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:** $695760622.95

**Total Liabilities:** $7609610.54

**Net Assets:** $688151012.41

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000135682 | 0.48%                | 1.45%                | 1.33%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $298742.85                                 |
| Month 2  | $-336226.45              | $9023475.07                                |
| Month 3  | $0.00                    | $5879332.15                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 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  | 2.91%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Beacon Pointe - Pathway Select Fund LP Series 2025          | Beacon Pointe - Pathway Select Fund LP Series 2025          | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  13756792 | NS      | $13823009.07  | 2.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rowe T Price Instl                                          | T Rowe Price Institutional Floating Rate Class I            | CUSIP: 77958B402<br>LEI: 5493006XJS7NAJMTOL28 | Long             | EC               | RF                | US        |   1264168 | NS      | $11933744.49  | 1.73%             |  |  |  | No            |                  1 | 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  | 1.45%             |  |  |  | Yes           |                  3 | 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      | $35333881.11  | 5.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Jpmorgan Tr Iv                                              | JPMorgan Equity Premium Income Fund Class I                 | CUSIP: 46645V675<br>LEI: 549300OTMPZX852VDL37 | Long             | EC               | RF                | US        |    989970 | NS      | $13918981.18  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Funds VI                                          | BlackRock Systematic Multi-Strategy Fund Class I            | CUSIP: 09260C307<br>LEI: 549300KV6WGZIWO78K31 | Long             | EC               | RF                | US        |   1007263 | NS      | $10535973.05  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Cascade Private Cap Fund                                    | Cascade Private Capital Class I Class I                     | CUSIP: 14734A101<br>LEI: 549300SV87BPH0O11881 | Long             | EC               | RF                | US        |   6883231 | NS      | $129817743.68 | 18.86%            |  |  |  | No            |                  1 | On Loan: No      |
| Variant Alternative Income Fd                               | Variant Alternative Income Fund                             | CUSIP: 92220Q103<br>LEI: 549300VKWK774XXSGI69 | Long             | EC               | RF                | US        |    916585 | NS      | $24298673.57  | 3.53%             |  |  |  | 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        |  12999414 | PA      | $12999413.92  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Cliffwater Corporate Lending Fund                           | Cliffwater Corporate Lending Fund                           | CUSIP: 186854204<br>LEI: N/A                  | Long             | EC               | RF                | US        |   5144892 | NS      | $55667727.43  | 8.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kkr Real Estate Select Trust Inc                            | KKR Real Estate Select Trust Class I Class I                | CUSIP: 49836N502<br>LEI: 549300TOUQGPO6G51Q89 | Long             | EC               | RF                | US        |    783896 | NS      | $18782159.83  | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Trust I                                           | JPMORGAN HEDGED EQUITY FUND SELECT CLASS                    | CUSIP: 46637K281<br>LEI: 549300DM5WZMCZZ70R78 | Long             | EC               | RF                | US        |     82454 | NS      | $2729218.23   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Beacon Pointe - Apollo Infrastructure Co. Private Equity    | Beacon Pointe - Apollo Infrastructure Co. Private Equity    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  31244138 | PA      | $32063703.19  | 4.66%             |  |  |  | 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      | $10000000.00  | 1.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BEACON POINTE - ARES CAPITAL MANAGEMENT LLC Private Equity  | BEACON POINTE - ARES CAPITAL MANAGEMENT LLC Private Equity  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   7660676 | PA      | $7660675.61   | 1.11%             |  |  |  | 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      | $10000000.00  | 1.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Aristotle Funds Series Trust                                | Aristotle Floating Rate Income Fund Class I Class I         | CUSIP: 04045F592<br>LEI: 549300FDPZVU0VTJQB52 | Long             | EC               | RF                | US        |   1261114 | NS      | $11867078.27  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Clarion Partners Real Estate Income Fund Inc.               | Clarion Partners Real Estate Income Fund Class I Class I    | CUSIP: 180567406<br>LEI: 549300HQZ8T32H6E5695 | Long             | EC               | RF                | US        |   2816898 | NS      | $32366153.53  | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Jpmorgan Tr Iv                                              | JPMorgan Hedged Equity 2 Class I Class I                    | CUSIP: 46645V378<br>LEI: 549300OTMPZX852VDL37 | Long             | EC               | RF                | US        |    636625 | NS      | $12000390.62  | 1.74%             |  |  |  | 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      | $39867702.97  | 5.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Funds V                                           | BlackRock Floating Rate Income Portfolio Class I            | CUSIP: 09260B747<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |   1252165 | NS      | $12020780.82  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Jpmorgan Tr Iv                                              | JPMorgan Hedged Equity 3 Class I Class I                    | CUSIP: 46645V329<br>LEI: 549300OTMPZX852VDL37 | Long             | EC               | RF                | US        |    335806 | NS      | $6595234.83   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| AMG Pantheon Credit Solutions Fund                          | AMG Pantheon Credit Solutions Fund Class S Class S          | CUSIP: 03116M106<br>LEI: 254900P77ZWF9W0ZJG39 | Long             | EC               | RF                | US        |   6066040 | NS      | $66544461.92  | 9.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Beacon Pointe - Pathway Select Fund LP Series A             | Beacon Pointe - Pathway Select Fund LP Series A             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  22897901 | NS      | $26627881.27  | 3.87%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Beacon Pointe - Partners Group Private Equity               | Beacon Pointe - Partners Group Private Equity               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  14535490 | NS      | $15288181.21  | 2.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Beacon Pointe - AMG Pantheon Fund, LLC Private Equity       | Beacon Pointe - AMG Pantheon Fund, LLC Private Equity       | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  47935031 | NS      | $51368273.49  | 7.46%             |  |  |  | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** Daniel D. Bauer

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

**Title:** VP, Fund Accounting