JACKSONVILLE AVENUES PICKLERAGE HOLDING LLC

The absence of prior EDGAR filings from either Palermo or Grosso means this is their first documented fund raise on the SEC record, making the 06c exemption choice—which permits up to $5M in offerings without full registration—a likely indication they are staying below institutional thresholds while establishing manager AUM and track record.

A $1M target in May 2026 filed under the lighter-touch 06c exemption suggests either a pilot fund to prove early execution capability before a larger raise, a fund focused on a niche strategy or geographic pocket where capital efficiency permits smaller deployment, or a test vehicle ahead of an anticipated institutional fund.

Before committing, verify whether a key-man provision ties fund operations to one of the two GPs, confirm whether the $1M target is a floor or ceiling (given the modest size, overfunding risk is low but underfunding would materially affect economics), and cross-check both Palermo and Grosso for any fund management activity under alternative legal entities or prior vintages not yet visible on EDGAR.