<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0708</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001752572</cik>
        <entityName>Belgard Capital Fund LLC</entityName>
        <issuerAddress>
            <street1>TWO INTERNATIONAL PLACE</street1>
            <city>BOSTON</city>
            <stateOrCountry>MA</stateOrCountry>
            <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
            <zipCode>02110</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>617-482-8260</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2018</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Management</firstName>
                <lastName>Eaton Vance</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Two International Place</street1>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02110</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Frederick</firstName>
                <middleName>S.</middleName>
                <lastName>Marius</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Eaton Vance Management</street1>
                <street2>Two International Place</street2>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02110</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Manager</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Thomas</firstName>
                <lastName>Faust Jr.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Eaton Vance Management</street1>
                <street2>Two International Place</street2>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02110</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Manager</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>A. John</firstName>
                <lastName>Murphy</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Eaton Vance Management</street1>
                <street2>Two International Place</street2>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02110</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Manager</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Laurie</firstName>
                <middleName>G.</middleName>
                <lastName>Hylton</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Eaton Vance Management</street1>
                <street2>Two International Place</street2>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02110</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Manager</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Daniel</firstName>
                <lastName>Cataldo</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Eaton Vance Management</street1>
                <street2>Two International Place</street2>
                <city>Boston</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02110</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Manager</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Private Equity Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06b</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0000350797-18-000024</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <yetToOccur>true</yetToOccur>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Shares of the Fund</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>1000000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Eaton Vance Distributors, Inc.</recipientName>
                <recipientCRDNumber>37731</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>Two International Place</street1>
                    <city>Boston</city>
                    <stateOrCountry>MA</stateOrCountry>
                    <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                    <zipCode>02110</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>BB&amp;T SECURITIES, LLC</recipientName>
                <recipientCRDNumber>142785</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>901 EAST BYRD STREET</street1>
                    <street2>RIVERFRONT PLAZA, WEST TOWER</street2>
                    <city>Richmond</city>
                    <stateOrCountry>VA</stateOrCountry>
                    <stateOrCountryDescription>VIRGINIA</stateOrCountryDescription>
                    <zipCode>23219</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>NORTHERN TRUST SECURITIES, INC.</recipientName>
                <recipientCRDNumber>7927</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>50 SOUTH LASALLE STREET</street1>
                    <city>Chicago</city>
                    <stateOrCountry>IL</stateOrCountry>
                    <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                    <zipCode>60603</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>IN</state>
                    <description>INDIANA</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>NV</state>
                    <description>NEVADA</description>
                    <state>TN</state>
                    <description>TENNESSEE</description>
                    <state>WI</state>
                    <description>WISCONSIN</description>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>WA</state>
                    <description>WASHINGTON</description>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>NJ</state>
                    <description>NEW JERSEY</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>PA</state>
                    <description>PENNSYLVANIA</description>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>OPPENHEIMER &amp; CO. INC</recipientName>
                <recipientCRDNumber>249</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>85 BROAD STREET</street1>
                    <street2>22ND,24TH FLOOR</street2>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10004</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>RI</state>
                    <description>RHODE ISLAND</description>
                    <state>VT</state>
                    <description>VERMONT</description>
                    <state>HI</state>
                    <description>HAWAII</description>
                    <state>ME</state>
                    <description>MAINE</description>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
                    <state>DE</state>
                    <description>DELAWARE</description>
                    <state>ID</state>
                    <description>IDAHO</description>
                    <state>IA</state>
                    <description>IOWA</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                    <state>AR</state>
                    <description>ARKANSAS</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>UT</state>
                    <description>UTAH</description>
                    <state>IN</state>
                    <description>INDIANA</description>
                    <state>MN</state>
                    <description>MINNESOTA</description>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>MO</state>
                    <description>MISSOURI</description>
                    <state>MT</state>
                    <description>MONTANA</description>
                    <state>MS</state>
                    <description>MISSISSIPPI</description>
                    <state>NH</state>
                    <description>NEW HAMPSHIRE</description>
                    <state>NJ</state>
                    <description>NEW JERSEY</description>
                    <state>PR</state>
                    <description>PUERTO RICO</description>
                    <state>NM</state>
                    <description>NEW MEXICO</description>
                    <state>AK</state>
                    <description>ALASKA</description>
                    <state>AL</state>
                    <description>ALABAMA</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                    <state>ND</state>
                    <description>NORTH DAKOTA</description>
                    <state>NE</state>
                    <description>NEBRASKA</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>NV</state>
                    <description>NEVADA</description>
                    <state>TN</state>
                    <description>TENNESSEE</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>OK</state>
                    <description>OKLAHOMA</description>
                    <state>OH</state>
                    <description>OHIO</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>SD</state>
                    <description>SOUTH DAKOTA</description>
                    <state>SC</state>
                    <description>SOUTH CAROLINA</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>WV</state>
                    <description>WEST VIRGINIA</description>
                    <state>DC</state>
                    <description>DISTRICT OF COLUMBIA</description>
                    <state>WI</state>
                    <description>WISCONSIN</description>
                    <state>KY</state>
                    <description>KENTUCKY</description>
                    <state>KS</state>
                    <description>KANSAS</description>
                    <state>OR</state>
                    <description>OREGON</description>
                    <state>LA</state>
                    <description>LOUISIANA</description>
                    <state>WA</state>
                    <description>WASHINGTON</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>PA</state>
                    <description>PENNSYLVANIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>ROBERT W. BAIRD &amp; CO. INCORPORATED</recipientName>
                <recipientCRDNumber>8158</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>777 E. WISCONSIN AVENUE</street1>
                    <city>Milwaukee</city>
                    <stateOrCountry>WI</stateOrCountry>
                    <stateOrCountryDescription>WISCONSIN</stateOrCountryDescription>
                    <zipCode>53202</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>SANFORD C. BERNSTEIN &amp; CO., LLC</recipientName>
                <recipientCRDNumber>104474</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1345 AVENUE OF THE AMERICAS</street1>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10105-0096</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>RI</state>
                    <description>RHODE ISLAND</description>
                    <state>VT</state>
                    <description>VERMONT</description>
                    <state>HI</state>
                    <description>HAWAII</description>
                    <state>ME</state>
                    <description>MAINE</description>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
                    <state>DE</state>
                    <description>DELAWARE</description>
                    <state>ID</state>
                    <description>IDAHO</description>
                    <state>IA</state>
                    <description>IOWA</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                    <state>AR</state>
                    <description>ARKANSAS</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>UT</state>
                    <description>UTAH</description>
                    <state>IN</state>
                    <description>INDIANA</description>
                    <state>MN</state>
                    <description>MINNESOTA</description>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>MO</state>
                    <description>MISSOURI</description>
                    <state>MT</state>
                    <description>MONTANA</description>
                    <state>MS</state>
                    <description>MISSISSIPPI</description>
                    <state>NH</state>
                    <description>NEW HAMPSHIRE</description>
                    <state>NJ</state>
                    <description>NEW JERSEY</description>
                    <state>PR</state>
                    <description>PUERTO RICO</description>
                    <state>NM</state>
                    <description>NEW MEXICO</description>
                    <state>AK</state>
                    <description>ALASKA</description>
                    <state>AL</state>
                    <description>ALABAMA</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                    <state>ND</state>
                    <description>NORTH DAKOTA</description>
                    <state>NE</state>
                    <description>NEBRASKA</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>NV</state>
                    <description>NEVADA</description>
                    <state>TN</state>
                    <description>TENNESSEE</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>OK</state>
                    <description>OKLAHOMA</description>
                    <state>OH</state>
                    <description>OHIO</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>SD</state>
                    <description>SOUTH DAKOTA</description>
                    <state>SC</state>
                    <description>SOUTH CAROLINA</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>WV</state>
                    <description>WEST VIRGINIA</description>
                    <state>DC</state>
                    <description>DISTRICT OF COLUMBIA</description>
                    <state>WI</state>
                    <description>WISCONSIN</description>
                    <state>KY</state>
                    <description>KENTUCKY</description>
                    <state>KS</state>
                    <description>KANSAS</description>
                    <state>OR</state>
                    <description>OREGON</description>
                    <state>LA</state>
                    <description>LOUISIANA</description>
                    <state>WA</state>
                    <description>WASHINGTON</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>PA</state>
                    <description>PENNSYLVANIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Hightower Advisors, LLC</recipientName>
                <recipientCRDNumber>145323</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>200 W. Madison St.</street1>
                    <street2>Suite 2500</street2>
                    <city>Chicago</city>
                    <stateOrCountry>IL</stateOrCountry>
                    <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                    <zipCode>60606</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>RI</state>
                    <description>RHODE ISLAND</description>
                    <state>VT</state>
                    <description>VERMONT</description>
                    <state>HI</state>
                    <description>HAWAII</description>
                    <state>ME</state>
                    <description>MAINE</description>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
                    <state>DE</state>
                    <description>DELAWARE</description>
                    <state>ID</state>
                    <description>IDAHO</description>
                    <state>IA</state>
                    <description>IOWA</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                    <state>AR</state>
                    <description>ARKANSAS</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>UT</state>
                    <description>UTAH</description>
                    <state>IN</state>
                    <description>INDIANA</description>
                    <state>MN</state>
                    <description>MINNESOTA</description>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>MO</state>
                    <description>MISSOURI</description>
                    <state>MT</state>
                    <description>MONTANA</description>
                    <state>MS</state>
                    <description>MISSISSIPPI</description>
                    <state>NH</state>
                    <description>NEW HAMPSHIRE</description>
                    <state>NJ</state>
                    <description>NEW JERSEY</description>
                    <state>PR</state>
                    <description>PUERTO RICO</description>
                    <state>NM</state>
                    <description>NEW MEXICO</description>
                    <state>AK</state>
                    <description>ALASKA</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                    <state>ND</state>
                    <description>NORTH DAKOTA</description>
                    <state>NE</state>
                    <description>NEBRASKA</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>NV</state>
                    <description>NEVADA</description>
                    <state>TN</state>
                    <description>TENNESSEE</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>OK</state>
                    <description>OKLAHOMA</description>
                    <state>OH</state>
                    <description>OHIO</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>SD</state>
                    <description>SOUTH DAKOTA</description>
                    <state>SC</state>
                    <description>SOUTH CAROLINA</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>WV</state>
                    <description>WEST VIRGINIA</description>
                    <state>DC</state>
                    <description>DISTRICT OF COLUMBIA</description>
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                    <state>KS</state>
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                    <state>OR</state>
                    <description>OREGON</description>
                    <state>LA</state>
                    <description>LOUISIANA</description>
                    <state>WA</state>
                    <description>WASHINGTON</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>PA</state>
                    <description>PENNSYLVANIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>RBC Capital Markets, LLC</recipientName>
                <recipientCRDNumber>31194</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>3 WORLD FINANCIAL CENTER</street1>
                    <street2>200 VESEY ST.</street2>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10281</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>CIBC Private Wealth Advisors (Atlantic Trust)</recipientName>
                <recipientCRDNumber>109644</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>One South Wacker Drive</street1>
                    <street2>suite 3500</street2>
                    <city>Chicago</city>
                    <stateOrCountry>IL</stateOrCountry>
                    <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                    <zipCode>60606</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
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                    <description>RHODE ISLAND</description>
                    <state>VT</state>
                    <description>VERMONT</description>
                    <state>HI</state>
                    <description>HAWAII</description>
                    <state>ME</state>
                    <description>MAINE</description>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
                    <state>DE</state>
                    <description>DELAWARE</description>
                    <state>ID</state>
                    <description>IDAHO</description>
                    <state>IA</state>
                    <description>IOWA</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                    <state>AR</state>
                    <description>ARKANSAS</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>UT</state>
                    <description>UTAH</description>
                    <state>IN</state>
                    <description>INDIANA</description>
                    <state>MN</state>
                    <description>MINNESOTA</description>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>MO</state>
                    <description>MISSOURI</description>
                    <state>MT</state>
                    <description>MONTANA</description>
                    <state>MS</state>
                    <description>MISSISSIPPI</description>
                    <state>NH</state>
                    <description>NEW HAMPSHIRE</description>
                    <state>NJ</state>
                    <description>NEW JERSEY</description>
                    <state>NM</state>
                    <description>NEW MEXICO</description>
                    <state>AK</state>
                    <description>ALASKA</description>
                    <state>AL</state>
                    <description>ALABAMA</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                    <state>ND</state>
                    <description>NORTH DAKOTA</description>
                    <state>NE</state>
                    <description>NEBRASKA</description>
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                    <description>NEW YORK</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>NV</state>
                    <description>NEVADA</description>
                    <state>TN</state>
                    <description>TENNESSEE</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>OK</state>
                    <description>OKLAHOMA</description>
                    <state>OH</state>
                    <description>OHIO</description>
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                    <description>WYOMING</description>
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                    <description>FLORIDA</description>
                    <state>SD</state>
                    <description>SOUTH DAKOTA</description>
                    <state>SC</state>
                    <description>SOUTH CAROLINA</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>WV</state>
                    <description>WEST VIRGINIA</description>
                    <state>DC</state>
                    <description>DISTRICT OF COLUMBIA</description>
                    <state>WI</state>
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                    <description>KENTUCKY</description>
                    <state>KS</state>
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                    <state>OR</state>
                    <description>OREGON</description>
                    <state>LA</state>
                    <description>LOUISIANA</description>
                    <state>WA</state>
                    <description>WASHINGTON</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>PA</state>
                    <description>PENNSYLVANIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Mercer Advisors</recipientName>
                <recipientCRDNumber>147363</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1801 East Cabrillo Blvd</street1>
                    <city>Santa Barbara</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>93108</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
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                    <description>RHODE ISLAND</description>
                    <state>VT</state>
                    <description>VERMONT</description>
                    <state>HI</state>
                    <description>HAWAII</description>
                    <state>ME</state>
                    <description>MAINE</description>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
                    <state>DE</state>
                    <description>DELAWARE</description>
                    <state>ID</state>
                    <description>IDAHO</description>
                    <state>IA</state>
                    <description>IOWA</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                    <state>AR</state>
                    <description>ARKANSAS</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>UT</state>
                    <description>UTAH</description>
                    <state>IN</state>
                    <description>INDIANA</description>
                    <state>MN</state>
                    <description>MINNESOTA</description>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>MO</state>
                    <description>MISSOURI</description>
                    <state>MT</state>
                    <description>MONTANA</description>
                    <state>MS</state>
                    <description>MISSISSIPPI</description>
                    <state>NH</state>
                    <description>NEW HAMPSHIRE</description>
                    <state>NJ</state>
                    <description>NEW JERSEY</description>
                    <state>PR</state>
                    <description>PUERTO RICO</description>
                    <state>NM</state>
                    <description>NEW MEXICO</description>
                    <state>AK</state>
                    <description>ALASKA</description>
                    <state>AL</state>
                    <description>ALABAMA</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                    <state>ND</state>
                    <description>NORTH DAKOTA</description>
                    <state>NE</state>
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                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>NV</state>
                    <description>NEVADA</description>
                    <state>TN</state>
                    <description>TENNESSEE</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>OK</state>
                    <description>OKLAHOMA</description>
                    <state>OH</state>
                    <description>OHIO</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>SD</state>
                    <description>SOUTH DAKOTA</description>
                    <state>SC</state>
                    <description>SOUTH CAROLINA</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>WV</state>
                    <description>WEST VIRGINIA</description>
                    <state>DC</state>
                    <description>DISTRICT OF COLUMBIA</description>
                    <state>WI</state>
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                    <state>KY</state>
                    <description>KENTUCKY</description>
                    <state>KS</state>
                    <description>KANSAS</description>
                    <state>OR</state>
                    <description>OREGON</description>
                    <state>LA</state>
                    <description>LOUISIANA</description>
                    <state>WA</state>
                    <description>WASHINGTON</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>PA</state>
                    <description>PENNSYLVANIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>First Republic Securities LLC</recipientName>
                <recipientCRDNumber>105108</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>111 Pine Street</street1>
                    <city>San Francisco</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>94111</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Ameriprise Financial</recipientName>
                <recipientCRDNumber>6363</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>707 2nd Avenue South</street1>
                    <city>Minneapolis</city>
                    <stateOrCountry>MN</stateOrCountry>
                    <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                    <zipCode>55402</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Merrill Lynch, Pierce Fenner, &amp; Smith</recipientName>
                <recipientCRDNumber>7691</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>One Bryant Park</street1>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10036</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
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                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Stifel Nicolaus &amp; Company, Inc.</recipientName>
                <recipientCRDNumber>793</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>501 North Broadway</street1>
                    <city>St Louis</city>
                    <stateOrCountry>MO</stateOrCountry>
                    <stateOrCountryDescription>MISSOURI</stateOrCountryDescription>
                    <zipCode>63102</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
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                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Charles Schwab &amp; Co., Inc.</recipientName>
                <recipientCRDNumber>5393</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>211 Main Street</street1>
                    <city>San Francisco</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>94105</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Morgan Stanley</recipientName>
                <recipientCRDNumber>8209</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1585 Broadway</street1>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10036-8293</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
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                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Bessemer Investor Services</recipientName>
                <recipientCRDNumber>17442</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>630 Fifth Avenue</street1>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10111-0333</zipCode>
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                <statesOfSolicitationList>
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                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>JP Morgan Securities (Private Bank uses JPM Securities)</recipientName>
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                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>383 Madison Avenue</street1>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10179</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
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                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>UBS Financial Services</recipientName>
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                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1200 Harbor Blvd</street1>
                    <city>Weehawken</city>
                    <stateOrCountry>NJ</stateOrCountry>
                    <stateOrCountryDescription>NEW JERSEY</stateOrCountryDescription>
                    <zipCode>07086</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
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                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Cetera Advisors LLC</recipientName>
                <recipientCRDNumber>10299</recipientCRDNumber>
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                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4600 South Syracuse St</street1>
                    <street2>Suite 600</street2>
                    <city>Denver</city>
                    <stateOrCountry>CO</stateOrCountry>
                    <stateOrCountryDescription>COLORADO</stateOrCountryDescription>
                    <zipCode>80237</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
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                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
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            <recipient>
                <recipientName>Cetera Advisors LLC</recipientName>
                <recipientCRDNumber>10299</recipientCRDNumber>
                <associatedBDName>Cetera Advisor Networks</associatedBDName>
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                <recipientAddress>
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                    <street2>Suite 1300</street2>
                    <city>El Segundo</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>90245-5672</zipCode>
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                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
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            <recipient>
                <recipientName>Cetera Advisors LLC</recipientName>
                <recipientCRDNumber>10299</recipientCRDNumber>
                <associatedBDName>Cetera Financial Specialists</associatedBDName>
                <associatedBDCRDNumber>10358</associatedBDCRDNumber>
                <recipientAddress>
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                    <street2>7th fl</street2>
                    <city>Schaumburg</city>
                    <stateOrCountry>IL</stateOrCountry>
                    <stateOrCountryDescription>ILLINOIS</stateOrCountryDescription>
                    <zipCode>60173</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
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                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Cetera Advisors LLC</recipientName>
                <recipientCRDNumber>10299</recipientCRDNumber>
                <associatedBDName>Cetera Investment Services</associatedBDName>
                <associatedBDCRDNumber>15340</associatedBDCRDNumber>
                <recipientAddress>
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                    <street2>Suite 300</street2>
                    <city>St Cloud</city>
                    <stateOrCountry>MN</stateOrCountry>
                    <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                    <zipCode>56032</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
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                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Cetera Advisors LLC</recipientName>
                <recipientCRDNumber>10299</recipientCRDNumber>
                <associatedBDName>Summit Brokerage Services</associatedBDName>
                <associatedBDCRDNumber>34643</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>595 S. Federal Hwy</street1>
                    <street2>Suite 500</street2>
                    <city>Boca Raton</city>
                    <stateOrCountry>FL</stateOrCountry>
                    <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                    <zipCode>33432</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>RI</state>
                    <description>RHODE ISLAND</description>
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                    <description>VERMONT</description>
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                    <description>HAWAII</description>
                    <state>ME</state>
                    <description>MAINE</description>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
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                    <description>DELAWARE</description>
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                    <description>IDAHO</description>
                    <state>IA</state>
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                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                    <state>AR</state>
                    <description>ARKANSAS</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>UT</state>
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                    <state>IN</state>
                    <description>INDIANA</description>
                    <state>MN</state>
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                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>MO</state>
                    <description>MISSOURI</description>
                    <state>MT</state>
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                    <description>NEW HAMPSHIRE</description>
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                    <state>NM</state>
                    <description>NEW MEXICO</description>
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                    <description>ALASKA</description>
                    <state>AL</state>
                    <description>ALABAMA</description>
                    <state>TX</state>
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                    <state>ND</state>
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                    <state>NE</state>
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                    <description>NEW YORK</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>NV</state>
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                    <state>TN</state>
                    <description>TENNESSEE</description>
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                    <description>OKLAHOMA</description>
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                    <description>OHIO</description>
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                    <description>FLORIDA</description>
                    <state>SD</state>
                    <description>SOUTH DAKOTA</description>
                    <state>SC</state>
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                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>WV</state>
                    <description>WEST VIRGINIA</description>
                    <state>DC</state>
                    <description>DISTRICT OF COLUMBIA</description>
                    <state>WI</state>
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                    <state>KY</state>
                    <description>KENTUCKY</description>
                    <state>KS</state>
                    <description>KANSAS</description>
                    <state>OR</state>
                    <description>OREGON</description>
                    <state>LA</state>
                    <description>LOUISIANA</description>
                    <state>WA</state>
                    <description>WASHINGTON</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>PA</state>
                    <description>PENNSYLVANIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
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            <recipient>
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                    <city>San Diego</city>
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                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92101</zipCode>
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                </statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>0</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>0</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Belgard Capital Fund LLC</issuerName>
                <signatureName>/a/ A. John Murphy</signatureName>
                <nameOfSigner>A. John Murphy</nameOfSigner>
                <signatureTitle>Vice President</signatureTitle>
                <signatureDate>2018-11-30</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
