---
title: "Cahaba Partners Total Return Fund LTD SEC filings"
url: https://altstreet.investments/edgar/1679150
kind: edgar-entity
updated: 2026-09-17
publisher: AltStreet (https://altstreet.investments)
license: Public factual pages may be read, quoted and cited with attribution and a link. Bulk redistribution is not permitted.
---

# Cahaba Partners Total Return Fund LTD: SEC filings and what they report

A private fund advised by Highland Associates, Inc. of Birmingham, Alabama (SEC 801-30248; Form ADV Part 1: $7,450,237,813 discretionary and $13,540,577,367 non-discretionary regulatory assets under management; Regions Bank on the ownership schedule, following Regions' 2019 acquisition of Highland). LEI records give the current legal name Cahaba Partners Investment Fund LLC - Cahaba Partners Collective Total Return Fund LTD, with prior names Cahaba Partners Investment Fund LLC - Cahaba Partners Total Return Fund and Highland Investment Fund, LLC - Highland Direct Hedged Equity Fund. Form D history (Rule 506(b), Section 3(c), indefinite offering): $195.8M sold to 2 investors (2016); $458.1M (2017); $524.5M (2018); $507.9M (2019); $0 with 13 investors (2020 and 2021); $5.4M with 1 investor (2022); $291.8M (2023); $307.2M (2024); $299.3M with 15 investors (April 24, 2025); $78,631,774 with 15 investors (September 1, 2026, a 73.7 percent decrease with no stated reason). The reported total has moved by more than $200 million between amendments four times, including two resets to zero, so the field reads as a reporting basis that has changed rather than a measure of flows. Highland's brochure describes a collective investment trust being wound down since 2024 for a sole remaining investor; whether this filer is that trust is not established.

| Field | Value |
| --- | --- |
| Entity | Cahaba Partners Total Return Fund LTD |
| CIK | 1679150 |
| Filing family | Regulation D (Rule 506(b)) / Investment Company Act 3(c) |
| Entity type | issuer |
| Manager (as filed) | Highland Associates, Inc. |
| Newest fact-bearing filing | September 1, 2026, accession 0001679150-26-000001 |
| Total sold (as reported) | $78,631,774 |
| Investors (as reported) | 15 |
| Vintage | 2016 |

## Related persons (Form D Item 3)

| Name | Relationship |
| --- | --- |
| N/A Highland Associates, Inc. | Executive Officer |
| N/A Global Trust Company | Executive Officer |


## Filings (11 on record, newest first)

| Date | Form | Family | SEC link |
| --- | --- | --- | --- |
| September 1, 2026 | D/A | Form D | https://www.sec.gov/Archives/edgar/data/1679150/000167915026000001/ |
| April 24, 2025 | D/A | Form D | https://www.sec.gov/Archives/edgar/data/1679150/000175355625000006/ |
| April 15, 2024 | D/A | Form D | https://www.sec.gov/Archives/edgar/data/1679150/000167915024000001/ |
| April 14, 2023 | D/A | Form D | https://www.sec.gov/Archives/edgar/data/1679150/000166912723000003/ |
| April 18, 2022 | D/A | Form D | https://www.sec.gov/Archives/edgar/data/1679150/000167915022000002/ |
| April 8, 2021 | D/A | Form D | https://www.sec.gov/Archives/edgar/data/1679150/000167915021000001/ |
| May 1, 2020 | D/A | Form D | https://www.sec.gov/Archives/edgar/data/1679150/000167915020000001/ |
| April 11, 2019 | D/A | Form D | https://www.sec.gov/Archives/edgar/data/1679150/000167915019000001/ |
| March 5, 2018 | D/A | Form D | https://www.sec.gov/Archives/edgar/data/1679150/000167915018000001/ |
| March 8, 2017 | D/A | Form D | https://www.sec.gov/Archives/edgar/data/1679150/000167915017000001/ |
| July 12, 2016 | D | Form D | https://www.sec.gov/Archives/edgar/data/1679150/000167915016000001/ |


## More

- Entity page (HTML, with events, parties and the platform record): https://altstreet.investments/edgar/1679150
- SEC EDGAR filing index: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001679150&owner=include&count=40
- Signal history, evidence passages and the entity graph are AltStreet Terminal features: https://altstreet.investments/terminal

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Source page: https://altstreet.investments/edgar/1679150
Machine index: https://altstreet.investments/llms.txt
AltStreet reads what platforms, funds and issuers file with the SEC and what they tell investors, and publishes the difference. Figures are as filed or as captured on the date stated; nothing here is investment advice.