Schedule 13G: Fund 1 Investments discloses 936,248 shares of JILL

Rhea-AI Filing Summary

Fund 1 Investments, LLC filed a Schedule 13G reporting beneficial ownership of 936,248 shares of J.Jill, Inc. common stock, representing 6.13% of the outstanding shares based on 15,283,043 shares outstanding. The filing states all reported shares are held for private investment vehicles advised by Pleasant Lake Partners LLC, for which Fund 1 Investments, LLC serves as managing member and Jonathan Lennon is managing member. The filer disclaims beneficial ownership except to the extent of pecuniary interest. PLP Funds Master Fund LP is identified as having rights to dividends or proceeds exceeding 5%.

Positive

• Disclosure of position size: The filing clearly states ownership of 936,248 shares (6.13%), improving transparency for investors.
• Passive holder certification: The filer certified shares were acquired and are held in the ordinary course and not to influence control.

Negative

• Shared voting power: All reported shares are under shared voting/dispositive power, which may reduce clarity about actual control by the filer.
• Concentration risk: A single investment adviser-linked group holds over 6% of outstanding stock, which is material for a small-cap issuer.

Insights

Financial Analyst

TL;DR: A passive stake of 6.13% by an investment vehicle signals a meaningful minority position but appears filed under passive Schedule 13G.

The filing reports a non-control position of 936,248 shares, held through private vehicles advised by Pleasant Lake Partners LLC. Ownership is shared voting and dispositive power, and the filer disclaims active beneficial ownership beyond pecuniary interest. Because the filer certified the holdings were acquired in the ordinary course and not to influence control, this is a passive disclosure rather than an activist move. Materiality is limited to the percentage stake and any potential future disclosures if the position grows.

Corporate Governance Expert

TL;DR: The Schedule 13G indicates passive investment; no governance changes or control assertions are claimed.

The document clarifies voting and disposition are shared, and the filer expressly disclaims intent to influence control. Identification of PLP Funds Master Fund LP as a person with rights to dividends/proceeds above 5% is important for transparency. Absent additional agreements or concerted action statements, there is no immediate governance implication from this filing alone.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

J.Jill, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

46620W201

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 46620W201

1

Names of Reporting Persons

Fund 1 Investments, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 936,248.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 936,248.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

936,248.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.13 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: (Limited Liability Company)

SCHEDULE 13G

Item 1.
(a)	Name of issuer: J.Jill, Inc.
(b)	Address of issuer's principal executive offices: 4 Batterymarch Park, Quincy, Massachusetts, 02169
Item 2.
(a)	Name of person filing: Fund 1 Investments, LLC
(b)	Address or principal business office or, if none, residence: 100 Carr 115 Unit 1900 Rincon, Puerto Rico 00677
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 46620W201
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 936,248
(b)	Percent of class: 6.13 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 936,248
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 936,248 Shares reported herein for Fund 1 Investments, LLC are held for the benefit of private investment vehicles for which Pleasant Lake Partners LLC serves as investment adviser. Fund 1 Investments, LLC serves as managing member of Pleasant Lake Partners LLC. Jonathan Lennon serves as managing member of Fund 1 Investments, LLC. Each of Fund 1 Investments, LLC, Pleasant Lake Partners LLC and Mr. Lennon disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein. All percentages reported herein with respect to the Reporting Person's holdings are calculated based upon a statement in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended May 3, 2025, as filed with the Securities and Exchange Commission on June 11, 2025, that there were 15,283,043 shares of Common Stock of the Issuer outstanding as of June 6, 2025.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See Item 4. In addition, PLP Funds Master Fund LP, a private investment vehicle for which Pleasant Lake Partners LLC serves as investment adviser, has the right to receive and/or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than five percent of the Common Stock of the Issuer.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Item 4.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Fund 1 Investments, LLC

Signature:	/s/ Benjamin C. Cable
Name/Title:	Benjamin C. Cable/Chief Operating Officer
Date:	08/14/2025

FAQ

What stake does Fund 1 Investments, LLC report in JILL?

The filer reports beneficial ownership of 936,248 shares, representing 6.13% of J.Jill, Inc. common stock.

Is Fund 1 Investments, LLC claiming control of J.Jill (JILL)?

No. The filer certified the shares were acquired and held in the ordinary course and not for the purpose of changing or influencing control.

Who advises the vehicles holding the JILL shares?

The shares are held for private investment vehicles for which Pleasant Lake Partners LLC serves as investment adviser.

Does any related fund have rights to more than 5% of JILL shares?

Yes. PLP Funds Master Fund LP, a private investment vehicle advised by Pleasant Lake Partners LLC, has rights to dividends/proceeds exceeding 5%.

When was the Schedule 13G signed for JILL?

The signature on the filing is dated 08/14/2025.