Wassenaar, September 10 – The Juno Selection Fund series has surpassed the level of EUR100 million under management.  The fund, which invests in shares of high quality Euro-pean small- and midcap family owned businesses, managed to double its assets under management from EUR50 million to EUR100 million in one year. In addition to this fund, Juno Investment Partners manages additional direct accounts amounting to EUR70 million. In total Juno manages EUR170 million in this strategy.

Frans Jurgens, Director and Juno Co-Founder: “We are proud that the fund has grown to more than EUR100 million. This is the result of persistent strong returns and growth in our client base.”

Juno was founded in 2008 and through the Juno Selection Fund invests in stocks of small- and midcap European companies that year after year achieve a predictable and stable profit growth. These are primarily family-owned businesses. Since inception, the fund has achieved a cumulative total return of 180%. This equates to an average return of 14.4% per year. The fund is now top ranked in its Morningstar category and has received the maximum five stars for both its last three and five year performance.

The fund’s performance contributed to a significant portion of the growth in assets under management. In addition, Juno took on a growing number of new clients. Notably existing clients have regularly increased their investment in the fund. During the last seven years, these increased client investments have contributed to on average more than 35% of the fund’s annual inflows. Moreover, according to fund comparator Morningstar.nl, the fund combines high return with low risk.

Lennart Smits, Director and Juno Co-Founder: “If you are getting many new clients, then as a business you are doing something right. But if you have existing clients increasing their investment with you, that is even better.”
Juno´s Founders, Frans Jurgens and Lennart Smits, have also increased their personal interest in the Fund as of September 1, 2015. With this, the founders, employees and their families hold approximately 14% of the fund.

About Juno Investment Partners

Juno Investment Partners was established in 2007 as a fully independent fund manager and has an AIFM license (as referred to in Section 2:65 of the Wft), issued by the Dutch regulator AFM. Juno specializes in the selection of exceptional listed (family owned) companies in Europe. Companies that are able to achieve predictable and stable earnings growth year after year are considered for investment. The selection process focuses on the return on invested capital, a low debt ratio and free cash flows of a highly predictable nature. The analysts/portfolio managers compile a highly concentrated portfolio of approximately fifteen companies that they identify, analyze and visit regularly. Selected companies remain in the portfolio for a longer time period (usually more than five years). All analysts/portfolio managers have themselves invested in the Juno funds.

Juno offers three products: The Juno Selection Fund, which focuses on the selection of smaller and medium-sized listed companies, the Juno Continuation Fund for medium-sized companies and individual asset management using the same investment style, for larger clients through managed segregated accounts.

– The Juno Selection Fund was launched in 2008. This mutual fund invests in distinctive European small and medium-sized companies with an initial market capitalization of €250 million to €4 billion. In recent years, this investment style has resulted in above average investment returns for participants in the Juno Selection Fund. This fund has been hard closed for further (follow on) subscriptions since 2018.

– The same investment strategy is applied in the Juno Continuation Fund, which was launched on February 1, 2020. This fund focuses on unique, medium-sized European companies with a market value between €4 billion and €20 billion at the time of initial purchase. As is the case with the Selection Fund, the Continuation Fund also has a strong preference for investments in businesses that are family owned, or companies in which a family or management itself is also a shareholder.