Exhibit (D) Form of Notice of Withdrawal of Tender (To be provided only to Investors that call and request the form.) NOTICE OF WITHDRAWAL OF TENDER REGARDING LIMITED LIABILITY COMPANY INTERESTS IN BACAP ALTERNATIVE MULTI-STRATEGY FUND, LLC Tendered Pursuant to the Offer to Purchase Dated March 27, 2007 ------------------------------------------------------------------------------- THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT, AND THIS NOTICE OF WITHDRAWAL MUST BE RECEIVED BY CITIGROUP GLOBAL TRANSACTION SERVICES EITHER BY MAIL OR FAX BY, 12:00 MIDNIGHT, EASTERN TIME, ON FRIDAY, APRIL 27, 2007, UNLESS THE OFFER IS EXTENDED. ------------------------------------------------------------------------------- COMPLETE THIS NOTICE OF WITHDRAWAL AND RETURN BY MAIL OR FAX TO: Citigroup Global Transaction Services P.O. Box 446 Portland, ME 04112-9925 Fax: (207) 879-6206 For additional information: Phone: (207) 879-6093 YOU ARE RESPONSIBLE FOR CONFIRMING THAT THIS NOTICE OF WITHDRAWAL IS RECEIVED BY CITIGROUP GLOBAL TRANSACTION SERVICES. 2 Ladies and Gentlemen: The undersigned hereby withdraws the tender of its limited liability company interest in BACAP ALTERNATIVE MULTI-STRATEGY FUND, LLC (the "Fund"), or the tender of a portion of such interest, for purchase by the Fund that previously was submitted by the undersigned in a Letter of Transmittal dated _____________________. This tender was in the amount of: [ ] Entire limited liability company interest in the Fund ("Interest"). [ ] Portion of Interest expressed as a specific dollar value: $___________ The undersigned recognizes that upon the receipt on a timely basis of this Notice of Withdrawal of Tender, properly executed, the Interest (or portion thereof) previously tendered will not be purchased by the Fund. SIGNATURE(S): FOR INDIVIDUAL INVESTORS AND JOINT TENANTS: - ------------------------------------------------- ---------------------------------------------------- (Signature of Investor(s) or Authorized Person(s) (Signature of Investor(s) or Authorized Person(s) Exactly as Appeared on Subscription Agreement) Exactly as Appeared on Subscription Agreement) - ------------------------------------------------- ---------------------------------------------------- Name of Signatory (please print) Name of Signatory (please print) - ------------------------------------------------- ---------------------------------------------------- Title of Authorized Person (please print) Title of Authorized Person (please print) FOR OTHER INVESTORS: - ------------------------------------------------- ---------------------------------------------------- (Signature of Investor(s) or Authorized Person(s) (Signature of Investor(s) or Authorized Person(s) Exactly as Appeared on Subscription Agreement) Exactly as Appeared on Subscription Agreement) - ------------------------------------------------- ---------------------------------------------------- Name of Signatory (please print) Name of Signatory (please print) - ------------------------------------------------- ---------------------------------------------------- Title of Authorized Person (please print) Title of Authorized Person (please print) - ------------------------------------------------- ---------------------------------------------------- (Signature of Investor(s) or Authorized Person(s) (Signature of Investor(s) or Authorized Person(s) Exactly as Appeared on Subscription Agreement) Exactly as Appeared on Subscription Agreement) - ------------------------------------------------- ---------------------------------------------------- Name of Signatory (please print) Name of Signatory (please print) - ------------------------------------------------- ---------------------------------------------------- Title of Authorized Person (please print) Title of Authorized Person (please print) Date: _________________ 3