# EDGAR Filing Document

**Accession Number:** 0001589390
**File Stem:** 0001145549-23-006488
**Filing Date:** 2023-2
**Character Count:** 23558
**Document Hash:** cdaf3a68cb2ac562eade37d3ec9f2032
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-006488.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001145549-23-006488

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Evanston Alternative Opportunities Fund
- **CENTRAL INDEX KEY:** 0001589390
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22904
- **FILM NUMBER:** 23628243

**BUSINESS ADDRESS:**
- **STREET 1:** 1560 SHERMAN AVENUE
- **STREET 2:** SUITE 960
- **CITY:** EVANSTON
- **STATE:** IL
- **ZIP:** 60201
- **BUSINESS PHONE:** 847-328-4961

**MAIL ADDRESS:**
- **STREET 1:** 1560 SHERMAN AVENUE
- **STREET 2:** SUITE 960
- **CITY:** EVANSTON
- **STATE:** IL
- **ZIP:** 60201

## Nport-Ex

**Evanston Alternative Opportunities Fund** 

**Schedule of Investments** 

(Unaudited)

December 31, 2022

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investments in Portfolio Funds\*** | **First<br>Acquisition<br>Date** | **Cost** | **Fair Value** | **Percentage<br>of Net Assets** | **Liquidity\*\*** |
|  ***Event Driven(a)*** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Hein Park Offshore Investors Ltd | 1/1/2022 | $4250000 | $3327560 | 3.08% | Quarterly |
| &nbsp;&nbsp;&nbsp;&nbsp; Redwood Opportunity Offshore Fund, Ltd. | 7/1/2020 | 4000000 | 4222610 | 3.90 | Quarterly |
| &nbsp;&nbsp;&nbsp;&nbsp; Silver Point Capital Offshore Fund, Ltd. | 1/1/2016 | 7180612 | 9329892 | 8.62 | Annually |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Event Driven |  | 15430612 | 16880062 | 15.60 |  |
|  ***Global Asset Allocation(b)*** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Rokos Global Macro Fund Limited | 11/1/2015 | 7312448 | 10020331 | 9.26 | Monthly |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Global Asset Allocation |  | 7312448 | 10020331 | 9.26 |  |
|  ***Long-Short(c)*** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12 West Capital Fund Ltd | 3/1/2022 | 3600000 | 2349813 | 2.17 | Quarterly |
| &nbsp;&nbsp;&nbsp;&nbsp; Eversept Global Healthcare Offshore Fund, Ltd. | 12/1/2020 | 4150000 | 4531279 | 4.19 | Quarterly |
| &nbsp;&nbsp;&nbsp;&nbsp; Glenernie Long/Short Fund Ltd | 1/1/2022 | 4500000 | 3077068 | 2.84 | Quarterly |
| &nbsp;&nbsp;&nbsp;&nbsp; Matrix Capital Management Fund (Offshore) Ltd. | 7/1/2014 | 5638842 | 4679454 | 4.32 | Quarterly |
| &nbsp;&nbsp;&nbsp;&nbsp; Oxbow Fund (Offshore) Limited | 9/1/2015 | 4550753 | 5095457 | 4.71 | Quarterly |
| &nbsp;&nbsp;&nbsp;&nbsp; Pleiad Asia Offshore Feeder Fund | 12/1/2014 | 4937410 | 4790308 | 4.43 | Quarterly |
| &nbsp;&nbsp;&nbsp;&nbsp; Soroban Decarbonization Beneficiaries Cayman Fund Ltd. | 4/1/2022 | 4200000 | 3738456 | 3.46 | \*\*\*\*\*\* |
| &nbsp;&nbsp;&nbsp;&nbsp; Whale Rock Flagship Fund Ltd. | 7/1/2014 | 2688672 | 2164116 | 2.00 | Quarterly |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Long-Short |  | 34265677 | 30425951 | 28.12 |  |
|  ***Relative Value(d)*** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Boundary Creek Fund Offshore Ltd | 7/1/2021 | 3500000 | 3505711 | 3.24 | Quarterly |
| &nbsp;&nbsp;&nbsp;&nbsp; Dark Forest Global Equity Offshore Fund Ltd | 4/1/2021 | 6750000 | 7017215 | 6.48 | Quarterly |
| &nbsp;&nbsp;&nbsp;&nbsp; Iguazu Investors (Cayman), SPC | 7/1/2014 | 1278071 | 2260538 | 2.09 | Quarterly |
| &nbsp;&nbsp;&nbsp;&nbsp; Pine River Fixed Income Fund Ltd. | 7/1/2014 | 2240 | 898 | 0.00 | N/A\*\*\*\*\* |
| &nbsp;&nbsp;&nbsp;&nbsp; Steelhead Pathfinder Fund Ltd. | 1/1/2020 | 4650000 | 5211245 | 4.82 | Monthly |
| &nbsp;&nbsp;&nbsp;&nbsp; Triton Fund, Ltd.\*\*\* | 7/1/2014 | 72608 | 31341 | 0.03 | N/A\*\*\*\*\* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Relative Value |  | 16252919 | 18026948 | 16.66 |  |
|  ***Multi-Discipline(e)*** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 140 Summer Partners Offshore Ltd. | 2/1/2022 | 5250000 | 5179960 | 4.78 | Quarterly |
| &nbsp;&nbsp;&nbsp;&nbsp; Anchorage Capital Partners Offshore, Ltd. | 7/1/2014 | 241033 | 348066 | 0.32 | Annually |
| &nbsp;&nbsp;&nbsp;&nbsp; Castle Hook Offshore Fund Ltd. | 1/1/2017 | 3376043 | 5256529 | 4.86 | Quarterly |
| &nbsp;&nbsp;&nbsp;&nbsp; Crake Global Feeder Fund ICAV\*\*\*\* | 10/1/2019 | 2000000 | 3150129 | 2.91 | Monthly |
| &nbsp;&nbsp;&nbsp;&nbsp; FourSixThree Overseas Fund, Ltd. | 1/1/2022 | 5700000 | 5691622 | 5.26 | Quarterly |
| &nbsp;&nbsp;&nbsp;&nbsp; Sachem Head Offshore Ltd. | 7/1/2014 | 4788894 | 5126611 | 4.74 | Quarterly |
| &nbsp;&nbsp;&nbsp;&nbsp; TIG Zebedee Focus Fund Limited | 7/1/2014 | 7902453 | 8680534 | 8.02 | Monthly |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Multi-Discipline |  | 29258423 | 33433451 | 30.89 |  |
|  **Total investments in Portfolio Funds** |  | $**102520079** | **108786743** | **100.53** |  |

---

------

**Evanston Alternative Opportunities Fund** 

**Schedule of Investments (continued)** 

(Unaudited)

December 31, 2022

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investments in short-term investments** | **First**<br>**Acquisition**<br>**Date** |<br>**Cost** |<br>**Fair Value** |<br>**Percentage**<br>**of Net Assets** |<br>**Liquidity\*\*** |
|  **Short-term investments** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ***Money Market Fund*** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackRock Liquidity Fund, Treasury Trust Fund<br>(Institutional Shares) (1,000,434 shares) |  | $1000434 | $1000434 | 0.93% |  |
|  **Total investments in Portfolio Funds and short-term investments** |  | $**103520513** | **109787177** | **101.46** |  |
|  **Remaining assets less liabilities** |  |  | **(1575462)** | **(1.46)** |  |
|  **Net assets** |  |  | $**108211715** | **100.00%** |  |

---

------

**Evanston Alternative Opportunities Fund** 

**Schedule of Investments (continued)** 

(Unaudited)

December 31, 2022

---

| | |
|:---|:---|
| Investments by Strategy (as a percentage of total investments) | Investments by Strategy (as a percentage of total investments) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Event Driven | 15.38% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Global Asset Allocation | 9.13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Short | 27.71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Relative Value | 16.42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multi-Discipline | 30.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term investments | 0.91 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100.00% |

---

*\** *Investments in Portfolio Funds are non-income producing. All Portfolio Funds are domiciled in the Cayman Islands, unless otherwise noted.* 

*\*\** *Available frequency of redemptions after initial lock-up period, if any. Different tranches may have different liquidity terms and may be subject to investor level gates. Redemption notice periods range from 30 to 180 days. If applicable, the lock up period is 24 months.* 

*\*\*\** *This Portfolio Fund is domiciled in Bermuda.* 

*\*\*\*\** *This Portfolio Fund is domiciled in Ireland.* 

*\*\*\*\*\** *These Portfolio Funds are not redeemable; rather the Fund receives distributions through the liquidation of the underlying assets of these Portfolio Funds.* 

*\*\*\*\*\*\** *The term of the Portfolio Fund is December 31, 2024 and will not allow a liquidity event prior to its termination other than a Key Man or Bad Actor Event.* 

*(b)* *Global asset allocation strategies seek to exploit opportunities in various global markets. Portfolio Funds employing these strategies have a broad mandate to invest in those markets and instruments which they believe provide the best opportunity. Portfolio Funds employing a global asset allocation strategy may take positions in currencies, sovereign bonds, global equities and equity indices, or commodities.* 

*(c)* *Long-short strategies seek to profit by taking positions in equities and generally involve fundamental analysis in the investment decision process. Portfolio Fund Managers in these strategies tend to be "stock pickers" and typically manage market exposure by shifting allocations between long and short investments depending on market conditions and outlook. Long-short strategies may comprise investments in one or multiple countries, including emerging markets and one or multiple sectors.* 

*(d)* *Relative value strategies seek to profit by exploiting pricing inefficiencies between related instruments while remaining long-term neutral to directional price movements in any one market. Relative value strategies consist of an exposure to some second order aspect of the market.* 

*(e)* *Multi-discipline managers employ a combination of any of the above mentioned strategies.* 

------

**Evanston Alternative Opportunities Fund** 

**Fair Value Measurement** 

In accordance with Accounting Standards Update ("ASU") 2015-07, *Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent)*, investments in Portfolio Funds valued at NAV are not required to be included in the fair value hierarchy. As such, investments in Portfolio Funds with a fair value of $108,786,743 are excluded from the fair value hierarchy as of December 31, 2022.

As of December 31, 2022, the Fund held $1,000,434 in short-term investments in a money market fund which is categorized as Level 1. In accordance with Topic 820, Level 1 refers to identical securities traded in an active market. Such securities are traded on national exchanges and are valued at the closing sales price or, if there are no sales, at the latest bid quotations.

**Federal Income Tax Information** 

As of December 31, 2022, gross unrealized appreciation and depreciation of the Fund's investments, based on cost for federal income tax purposes were as follows:

---

| | |
|:---|:---|
|  Cost of investments | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117004065 |
|  Gross unrealized appreciation | $12075840 |
|  Gross unrealized depreciation | (20293162) |
|  Net unrealized appreciation/(depreciation) on investments | $(8217322) |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Evanston Alternative Opportunities Fund

- **b. Investment Company Act file number:** 811-22904

- **c. CIK number of Registrant:** 0001589390

- **d. LEI of Registrant:** 5493003LZ0D84WKLJ903

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

  - **Street Address 1:** 1560 Sherman Aveune

  - **City:** Evanston

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60201

  - **Telephone number:** 847-328-4961

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

- **a. Name of Series:** Evanston Alternative Opportunities Fund

- **c. LEI of Series:** 5493003LZ0D84WKLJ903

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $111756867.16

**Total Liabilities:** $3545152.42

**Net Assets:** $108211714.74

**Cash Not Reported:** $860393.77

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C299222109 | 1.22%                | 0.00%                | -0.28%               |
| Class ID C299222208 | 1.16%                | -0.06%               | -0.35%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $546.39                  | $1468960.64                                |
| Month 2  | $16274.03                | $129123.03                                 |
| Month 3  | $0.00                    | $-175654.56                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| BlackRock Liquidity Treasury Trust Fund               | BlackRock Liquidity Treasury Trust Fund               | CUSIP: 09248U551<br>LEI: 549300U5PI8CHFJM7202 | Long             | STIV             | RF                | US        |   1000434 | NS      | $1000434.48   | 0.92%             |  |  |  | No            | 1                  | On Loan: No      |
| Soroban Decarbonization Beneficiaries Cayman Fund Ltd | Soroban Decarbonization Beneficiaries Cayman Fund Ltd | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |      4279 | NS      | $3738455.58   | 3.45%             |  |  |  | No            | N/A                | On Loan: No      |
| Pine River Fixed Income Fund Ltd.                     | Pine River Fixed Income Fund Ltd.                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |         2 | NS      | $898.00       | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Triton Fund, Ltd.                                     | Triton Fund, Ltd.                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | BM        |        61 | NS      | $31340.81     | 0.03%             |  |  |  | No            | N/A                | On Loan: No      |
| TIG Zebedee Focus Fund Limited                        | TIG Zebedee Focus Fund Limited                        | CUSIP: 999999999<br>LEI: 213800TROG6IWDLH8Z84 | Long             | EC               | PF                | KY        |     22484 | NS      | $8680533.94   | 8.02%             |  |  |  | No            | N/A                | On Loan: No      |
| Steelhead Pathfinder Fund Ltd.                        | Steelhead Pathfinder Fund Ltd.                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |      4305 | NS      | $5211244.58   | 4.82%             |  |  |  | No            | N/A                | On Loan: No      |
| Silver Point Capital Offshore Fund, Ltd.              | Silver Point Capital Offshore Fund, Ltd.              | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |       524 | NS      | $9329892.00   | 8.62%             |  |  |  | No            | N/A                | On Loan: No      |
| Dark Forest Global Equity Offshore Fund Ltd           | Dark Forest Global Equity Offshore Fund Ltd           | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |      6757 | NS      | $7017215.06   | 6.48%             |  |  |  | No            | N/A                | On Loan: No      |
| Sachem Head Offshore Ltd.                             | Sachem Head Offshore Ltd.                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |      3038 | NS      | $5126611.47   | 4.74%             |  |  |  | No            | N/A                | On Loan: No      |
| Rokos Global Macro Fund Limited                       | Rokos Global Macro Fund Limited                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |     47272 | NS      | $10020330.77  | 9.26%             |  |  |  | No            | N/A                | On Loan: No      |
| Redwood Opportunity Offshore Fund, Ltd.               | Redwood Opportunity Offshore Fund, Ltd.               | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |      3527 | NS      | $4222609.66   | 3.90%             |  |  |  | No            | N/A                | On Loan: No      |
| Pleiad Asia Offshore Feeder Fund                      | Pleiad Asia Offshore Feeder Fund                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |      4485 | NS      | $4790307.82   | 4.43%             |  |  |  | No            | N/A                | On Loan: No      |
| Oxbow Fund (Offshore) Limited                         | Oxbow Fund (Offshore) Limited                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |      2737 | NS      | $5095457.48   | 4.71%             |  |  |  | No            | N/A                | On Loan: No      |
| Matrix Capital Management Fund (Offshore) Ltd.        | Matrix Capital Management Fund (Offshore) Ltd.        | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |      2643 | NS      | $4679454.17   | 4.32%             |  |  |  | No            | N/A                | On Loan: No      |
| Iguazu Investors (Cayman), SPC                        | Iguazu Investors (Cayman), SPC                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |       560 | NS      | $2260537.91   | 2.09%             |  |  |  | No            | N/A                | On Loan: No      |
| 140 Summer Partners Offshore Ltd.                     | 140 Summer Partners Offshore Ltd.                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |      5220 | NS      | $5179959.85   | 4.79%             |  |  |  | No            | N/A                | On Loan: No      |
| Hein Park Offshore Investors Ltd                      | Hein Park Offshore Investors Ltd                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |      4250 | NS      | $3327560.47   | 3.08%             |  |  |  | No            | N/A                | On Loan: No      |
| Glenernie Long/Short Fund Ltd                         | Glenernie Long/Short Fund Ltd                         | CUSIP: 999999999<br>LEI: 5493009GV8WPFRFGZ296 | Long             | EC               | PF                | KY        |      5389 | NS      | $3077068.11   | 2.84%             |  |  |  | No            | N/A                | On Loan: No      |
| FourSixThree Overseas Fund, Ltd.                      | FourSixThree Overseas Fund, Ltd.                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |      5692 | NS      | $5691621.56   | 5.26%             |  |  |  | No            | N/A                | On Loan: No      |
| Eversept Global Healthcare Offshore Fund, Ltd.        | Eversept Global Healthcare Offshore Fund, Ltd.        | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |      3965 | NS      | $4531279.15   | 4.19%             |  |  |  | No            | N/A                | On Loan: No      |
| Crake Global Feeder Fund ICAV                         | Crake Global Feeder Fund ICAV                         | CUSIP: 999999999<br>LEI: 213800G12BJ785ZCTK71 | Long             | EC               | PF                | IE        |     20000 | NS      | $3150129.00   | 2.91%             |  |  |  | No            | N/A                | On Loan: No      |
| Whale Rock Flagship Fund Ltd.                         | Whale Rock Flagship Fund Ltd.                         | CUSIP: 999999999<br>LEI: 549300C4V8TQKM1GKV14 | Long             | EC               | PF                | KY        |      2228 | NS      | $2164116.35   | 2.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Castle Hook Offshore Fund Ltd.                        | Castle Hook Offshore Fund Ltd.                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |      3198 | NS      | $5256528.75   | 4.86%             |  |  |  | No            | N/A                | On Loan: No      |
| Boundary Creek Fund Offshore Ltd                      | Boundary Creek Fund Offshore Ltd                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |      3500 | NS      | $3505711.25   | 3.24%             |  |  |  | No            | N/A                | On Loan: No      |
| Anchorage Capital Partners Offshore, Ltd.             | Anchorage Capital Partners Offshore, Ltd.             | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |       244 | NS      | $348065.71    | 0.32%             |  |  |  | No            | N/A                | On Loan: No      |
| 12 West Capital Fund Ltd                              | 12 West Capital Fund Ltd                              | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | PF                | KY        |      3799 | NS      | $2349813.24   | 2.17%             |  |  |  | No            | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2023-02-07

**Name of Applicant:** Evanston Alternative Opportunities Fund

**Signature:** Kenneth Meister

**Name of Signer:** Evanston Alternative Opportunities Fund

**Title:** Principal Executive Officer