JLA Scholarship Fund, Ltd is a hedge fund based in Hallandale Beach, Florida. According to its most recent Form D, filed Sep 25, 2026, the fund has sold $15,750,000 of interests to 10 investors since its first sale in Jul 2024. 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, HedgeMountain 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 HedgeMountain directly.
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- Total raised
- $15,750,000Cumulative sales reported on Form D
- Investors
- 10
- First sale
- Jul 1, 2024
- 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 HedgeMountain 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
Size compared with every hedge fund
Raised more than 53% of the 743 hedge funds based in Florida, and more than 26% of all 10,157 that report sales.