Rings Capital Management LLC

Rings Capital Management LLC is a registered investment adviser established in 2012, managing private investment limited partnerships with a total discretionary asset value of $537.5 million as of December 31, 2024. The firm, led by Dan Juran, serves as the general partner and investment adviser to the partnerships, employing a concentrated, long-term investment strategy primarily focused on public domestic and foreign equity securities. Clients are offered limited partnership interests with minimum investment amounts, varying by partnership. Fees are structured differently for each partnership, with Framtiden employing an annual Incentive Allocation model, First Framtiden utilizing a management fee, and Framtiden Holdings charging a management fee and offering an annual Incentive Allocation based on net profits exceeding a specified hurdle rate. The firm exercises full investment discretion over client accounts, actively monitoring and reviewing them daily. Rings Capital Management LLC has not been subject to any legal or regulatory disciplinary actions and maintains a Code of Ethics to ensure integrity and mitigate conflicts of interest in personal trading activities. The firm also exercises voting authority over client proxies and has adopted proxy voting policies in line with the best interests of clients.