Overview
A. Description of Advisory Firm
Juna Equity Partners, LP (“Juna”) is an investment advisory firm organized as a limited partnership
under the laws of the State of Delaware. Patrick Kocsi, the principal owner and Managing Partner
of Juna, founded Juna in November 2015. Juna Holdings, LLC is the general partner of Juna and
is wholly owned by Mr. Kocsi.
Juna currently provides non-discretionary investment advisory services to three private funds and
may sponsor and /or advise additional private funds or other accounts in the future. Two of the
private funds act as special purpose vehicles through which the third fund invests. As used herein,
“the Fund or Funds” or “the Client or Clients” refers to the existing private funds, together with
its related affiliates, any subsequently sponsored funds formed from time to time, and any similar
pooled investment vehicles sponsored or managed by Juna or its affiliates.
Juna’s investment objective and strategy for the Funds is to generate capital appreciation through
privately negotiated equity and equity-related investments. Juna generally makes non-control
investments in deep value, middle-market private equity opportunities globally. Please see Item 8
(Methods of Analysis, Investment Strategies, and Risk of Loss) for more information. Investments
may be effected using a broad variety of investment types and structures, including direct or
indirect private equity investments, secondary direct transactions, strategic investments,
restructurings and recapitalizations. Asset holdings typically
include cash, publicly or privately
held common and preferred stock, limited partnership or limited liability company interests, debt
investments or other types of investments typical of private equity investment funds.
B. Types of Advisory Services Offered
Juna’s advisory services to the Funds primarily consists of a) managing existing portfolios of
private and public equity investments and b) sourcing and executing private equity investments
across a range of industries. Juna may offer services to its Clients on a discretionary and non-
discretionary basis. Juna, on behalf of the Funds, sources investment opportunities, interacts with
portfolio company managers, monitors portfolio performance, analyzes financial statements and
reports, performs valuations of investments, determines possible catalysts for revaluation of assets,
and advises on timing of exiting investments. Currently, Juna solely provides advisory services to
the Funds on a non-discretionary basis.
C. Services Tailored to Individual Needs of Clients
Juna tailors its advisory services to the specific investment objectives and strategy of the Funds it
advises, in accordance with the investment objectives, policies, and guidelines set forth in the
Funds’ offering materials and governing documentation.
D. Wrap Fee Programs
Juna does not participate in wrap fee programs.
E. Client Assets Under Management
As of December 31, 2023, Juna has approximately $154,059,871 in non-discretionary assets under
management with respect to the Funds.