JLA Scholarship Fund, LLC is a hedge fund based in Hallandale Beach, Florida. According to its most recent Form D, filed Sep 25, 2026, the fund has sold $3,500,000 of interests to 2 investors since its first sale in Nov 2025. 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(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Daniel Ades.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $3,500,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Nov 1, 2025
- Minimum investment
- $100,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Daniel Ades
- Latest Form D
- Sep 25, 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 AltMountain 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 · Request a correction
Questions about JLA Scholarship Fund, LLC
What is the minimum investment for JLA Scholarship Fund, LLC?
According to its latest Form D, filed Sep 25, 2026, the minimum investment JLA Scholarship Fund, LLC accepts from an outside investor is $100,000.
Who can invest in JLA Scholarship Fund, LLC?
JLA Scholarship Fund, LLC is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has JLA Scholarship Fund, LLC raised?
JLA Scholarship Fund, LLC reports $3,500,000 sold from 2 investors on its Form D filed Sep 25, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is JLA Scholarship Fund, LLC based?
JLA Scholarship Fund, LLC is based in Hallandale Beach, Florida.
When did JLA Scholarship Fund, LLC launch?
JLA Scholarship Fund, LLC reports its first sale in Nov 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 35% of the 750 hedge funds based in Florida, and more than 12% of all 10,308 that report sales.