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

    <schemaVersion>X0708</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0002017579</cik>
        <entityName>Privacore PCAAM Alternative Income Fund</entityName>
        <issuerAddress>
            <street1>1411 BROADWAY</street1>
            <city>NEW YORK</city>
            <stateOrCountry>NY</stateOrCountry>
            <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
            <zipCode>10018</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>212-479-2907</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Business Trust</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2024</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <lastName>PRIVACORE CAPITAL ADVISORS, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1411 BROADWAY</street1>
                <city>NEW YORK</city>
                <stateOrCountry>NY</stateOrCountry>
                <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                <zipCode>10018</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>ADVISER</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <lastName>PARTNERS CAPITAL INVESTMENT GROUP, LLP</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>600 ATLANTIC AVENUE</street1>
                <street2>30TH FLOOR</street2>
                <city>BOSTON</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02210</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>SUB-ADVISER</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>SARAH</firstName>
                <middleName>J.</middleName>
                <lastName>DYER</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O UMB FUND SERVICES, INC.</street1>
                <street2>235 GALENA STREET</street2>
                <city>MILWAUKEE</city>
                <stateOrCountry>WI</stateOrCountry>
                <stateOrCountryDescription>WISCONSIN</stateOrCountryDescription>
                <zipCode>53212</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>LENIA</firstName>
                <lastName>ASCENSO</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O UMB FUND SERVICES, INC.</street1>
                <street2>235 GALENA STREET</street2>
                <city>MILWAUKEE</city>
                <stateOrCountry>WI</stateOrCountry>
                <stateOrCountryDescription>WISCONSIN</stateOrCountryDescription>
                <zipCode>53212</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>INTERESTED TRUSTEE</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>BRIAN</firstName>
                <lastName>DEVANEY</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O UMB FUND SERVICES, INC.</street1>
                <street2>235 GALENA STREET</street2>
                <city>MILWAUKEE</city>
                <stateOrCountry>WI</stateOrCountry>
                <stateOrCountryDescription>WISCONSIN</stateOrCountryDescription>
                <zipCode>53212</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>ARTHUR</firstName>
                <lastName>LIAO</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O UMB FUND SERVICES, INC.</street1>
                <street2>235 GALENA STREET</street2>
                <city>MILWAUKEE</city>
                <stateOrCountry>WI</stateOrCountry>
                <stateOrCountryDescription>WISCONSIN</stateOrCountryDescription>
                <zipCode>53212</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>DAVID</firstName>
                <lastName>MEHENNY</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O UMB FUND SERVICES, INC.</street1>
                <street2>235 GALENA STREET</street2>
                <city>MILWAUKEE</city>
                <stateOrCountry>WI</stateOrCountry>
                <stateOrCountryDescription>WISCONSIN</stateOrCountryDescription>
                <zipCode>53212</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>INTERESTED TRUSTEE</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>KIERAN</firstName>
                <lastName>MURRAY</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O UMB FUND SERVICES, INC.</street1>
                <street2>235 GALENA STREET</street2>
                <city>MILWAUKEE</city>
                <stateOrCountry>WI</stateOrCountry>
                <stateOrCountryDescription>WISCONSIN</stateOrCountryDescription>
                <zipCode>53212</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>PRESIDENT AND PRINCIPAL EXECUTIVE OFFICER</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>PETER</firstName>
                <lastName>SATTELMAIR</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O UMB FUND SERVICES, INC.</street1>
                <street2>235 GALENA STREET</street2>
                <city>MILWAUKEE</city>
                <stateOrCountry>WI</stateOrCountry>
                <stateOrCountryDescription>WISCONSIN</stateOrCountryDescription>
                <zipCode>53212</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>TREASURER AND PRINCIPAL FINANCIAL OFFICER</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>true</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06b</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0000926877-25-000019</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2024-07-29</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>1000000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>41219122</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>11</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>280000</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>ANNUAL COMPENSATION OF INDEPENDENT TRUSTEES</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Privacore PCAAM Alternative Income Fund</issuerName>
                <signatureName>/s/ Peter Sattelmair</signatureName>
                <nameOfSigner>PETER SATTELMAIR</nameOfSigner>
                <signatureTitle>PFO/TREASURER</signatureTitle>
                <signatureDate>2026-07-23</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
