Evanston Alpha Strategies Offshore Fund Ltd. is a hedge fund based in Evanston, Illinois. According to its most recent Form D, filed Mar 30, 2026, the fund has sold $114,577,764 of interests to 27 investors since its first sale in Oct 2021. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Ryan Cahill; Scott Zimmerman; Brian Lease.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to HedgeMountain directly.
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- Total raised
- $114,577,764Cumulative sales reported on Form D
- Investors
- 27
- First sale
- Oct 1, 2021
- Minimum investment
- $100,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Ryan Cahill; Scott Zimmerman; Brian Lease
- Latest Form D
- Mar 30, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and HedgeMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures
Size compared with every hedge fund
Raised more than 72% of the 321 hedge funds based in Illinois, and more than 60% of all 10,157 that report sales.