Announcement to the Participants in the Juno Selection Fund
Subject: Management Board of the Legal Owner Juno Selection Fund
As a result of a change in legislation, the manager of the Juno Selection Fund has appointed a new management board/director for the Legal Owner of the Juno Selection Fund Foundation on January 6, 2020. Where Stichting Circle FGR Support formed the management board in recent years, these tasks are now performed by CSGK B.V. (part of Capital Support in The Hague), which has a trust license issued by De Nederlandsche Bank. There is no change in the statutory duties of the Legal Owner of the Juno Selection Fund Foundation: it retains the legal ownership of all assets that belong to the Juno Selection Fund. All assets that are part of the fund have been registered in the name of the Legal Owner, for the account and risk of the participants of the Fund. The Legal Owner acts solely in the interest of the participants. For a complete description of the duties of the Legal Owner, we refer to chapter 5, sub B of the prospectus of the Juno Selection Fund.
If you have any questions on this subject, please contact our Risk & Compliance Director, Ms. Sanne Wijnholts, tel: +31.70.24.00.247 or wijnholts@juno-invest.com
About Juno Investment Partners
Since 2007, Juno Investment Partners has been investing in a highly concentrated portfolio of European listed companies with predictable and stable earnings growth, often family-owned businesses.
We focus on companies with a high return on invested capital, strong margins, and highly predictable (free) cash flows. These are typically companies with a strong competitive position and clear added value for their clients, enabling them to continue creating value over the long term.
Based on these characteristics, we select a limited number of companies that we want to understand thoroughly. The portfolio consists of approximately fifteen companies. These are analyzed intensively, visited regularly, and monitored over several years. The investment horizon is long, typically well over five years. Our analysts and portfolio managers also invest in the funds themselves.
Juno offers three products. The Juno Selection Fund focuses on small and medium-sized companies. The Juno Continuation Fund focuses on medium-sized companies. In addition, Juno offers individual asset management via managed accounts, using the same investment approach. The Juno Selection Fund was launched in 2008 and invests in European companies with an initial market capitalization between €250 million and €4 billion. The fund was closed to new investments for a long time and has been accessible to existing participants again since April 2023.
The Juno Continuation Fund was launched on February 1, 2020, and invests in medium-sized companies with a market capitalization between €4 and €20 billion. Here, too, the emphasis is on companies that often have family or management as co-shareholders.
Juno holds an AIFM license from the AFM.