Juno strengthens its client service team with the addition of Frank de Wit
The Hague - September 4, 2023 - Juno Investment Partners is pleased that Frank de Wit has joined the team as of September 1st. Frank has many years of experience in the financial markets, which he gained at MeesPierson, ABN AMRO and Robeco, among others. From 2012 he worked at W.P. Stewart & Co. which was acquired shortly afterwards by AllianceBernstein. The funds he worked for are closely related to the investment strategy and philosophy of Juno's funds, focusing on quality companies with high free cash flows, predictable earnings growth and little to no debt. As a solid relationship builder with extensive business knowledge, Frank will now help Juno expand its interaction with existing and potential clients.
Frans Jurgens, co-founder of Juno: “At Juno we feel very strongly about offering a high level of service with personal attention for our clients. We know that Frank also embraces this approach, because we have known him for more than eleven years. We are pleased that someone with so much experience and a large international network is now joining us. He joins the client service team next to colleagues Tjalling ten Cate and Cécile Krikke, which now gives Juno extra strength so that we can continue to offer an optimal service level to the growing number of participants in our funds.”
Frank de Wit: “I am very familiar with the 'Quality Growth' investment style that Juno combines with personal attention to clients. It feels very comfortable for both parties to take this step now.”
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.