<SEC-DOCUMENT>0001486658-12-000001.txt : 20120323
<SEC-HEADER>0001486658-12-000001.hdr.sgml : 20120323
<ACCEPTANCE-DATETIME>20120323165312
ACCESSION NUMBER:		0001486658-12-000001
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20120323
DATE AS OF CHANGE:		20120323
EFFECTIVENESS DATE:		20120323

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ANDERSON ALTERNATIVE CAPITAL, LP
		CENTRAL INDEX KEY:			0001486658
		IRS NUMBER:				271991274
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-139489
		FILM NUMBER:		12712465

	BUSINESS ADDRESS:	
		STREET 1:		201 SOUTH COURT STREET, SUITE 610
		CITY:			FLORENCE
		STATE:			AL
		ZIP:			35630
		BUSINESS PHONE:		256-767-0740

	MAIL ADDRESS:	
		STREET 1:		201 SOUTH COURT STREET, SUITE 610
		CITY:			FLORENCE
		STATE:			AL
		ZIP:			35630
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001486658</cik>
        <entityName>ANDERSON ALTERNATIVE CAPITAL, LP</entityName>
        <issuerAddress>
            <street1>402 Industrial Lane</street1>
            <city>Birmingham</city>
            <stateOrCountry>AL</stateOrCountry>
            <stateOrCountryDescription>ALABAMA</stateOrCountryDescription>
            <zipCode>35211</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>205 909 3551</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2010</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>ANDERSON</firstName>
                <lastName>AC MANAGEMENT, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>402 Industrial Lane</street1>
                <city>Birmingham</city>
                <stateOrCountry>AL</stateOrCountry>
                <stateOrCountryDescription>ALABAMA</stateOrCountryDescription>
                <zipCode>35211</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>FULL NAME, &quot;ANDERSON AC MANAGEMENT, LLC&quot;, AN ALABAMA LIMITED LIABILITY COMPANY SERVING AS THE GENERAL PARTNER OF THE ISSUER</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>ANDERSON</firstName>
                <lastName>GROWTH PARTNERS, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>402 Industrial Lane</street1>
                <city>Birmingham</city>
                <stateOrCountry>AL</stateOrCountry>
                <stateOrCountryDescription>ALABAMA</stateOrCountryDescription>
                <zipCode>35211</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>FULL NAME, &quot;ANDERSON GROWTH PARTNERS, LLC&quot;, AN ALABAMA LIMITED LIABILITY COMPANY WHICH IS THE SOLE MEMBER OF ANDERSON AC MANAGEMENT, LLC, THE GENERAL PARTNER OF THE ISSUER</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>CLYDE</firstName>
                <middleName>B</middleName>
                <lastName>ANDERSON</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>402 INDUSTRIAL LANE</street1>
                <city>BIRMINGHAM</city>
                <stateOrCountry>AL</stateOrCountry>
                <stateOrCountryDescription>ALABAMA</stateOrCountryDescription>
                <zipCode>35211</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>MANAGING MEMBER OF ANDERSON GROWTH PARTNERS, LLC, THE SOLE MEMBER OF ANDERSON AC MANAGEMENT, LLC, THE GENERAL PARTNER OF THE ISSUER</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001486658-10-000001</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-03-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>25000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>12385525</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>12</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>29</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>ALL PROCEEDS RECEIVED FROM INVESTORS WILL BE INVESTED.  NO COMPENSATION, FINDERS' FEES, ETC. WILL BE PAID FROM THE PROCEEDS OF THIS OFFERING.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>ANDERSON ALTERNATIVE CAPITAL, LP</issuerName>
                <signatureName>Richard Wallington</signatureName>
                <nameOfSigner>RICHARD WALLINGTON</nameOfSigner>
                <signatureTitle>CHIEF COMPLIANCE OFFICER OF ANDERSON GROWTH PARTNERS</signatureTitle>
                <signatureDate>2012-03-23</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>