JUNTA.CL

The firm originates individual FIPs — closed-end private investment funds regulated by Chile's Comisión para el Mercado Financiero — and opens them to non-accredited investors through its digital platform. Each FIP raises capital for a specific asset or project, such as a Santiago rental property or a fintech equity stake, rather than operating a single multi-asset pool. Investors buy quotas directly online, which is structurally different from Chilean fund managers that require a broker or bank-based custodial arrangement.

Co-founders José Ignacio Cousiño (CEO), Cristóbal Grillo (COO), and Matías Lecaros (CTO) lead the firm. Investment origination, underwriting, and structuring decisions sit with the founding team. The firm has not publicly disclosed hiring a separate chief investment officer or external investment committee, suggesting the co-founders retain direct control over asset selection and vehicle formation.

The firm deploys capital across real estate, private credit, and startup equity. Real estate includes residential and commercial rental properties in Chilean cities. Private credit typically takes the form of bridge loans secured by real assets. Startup equity focuses on early-stage Chilean fintechs, proptechs, and insurtechs — companies operating in payments, digital insurance, and real-estate technology within the broader LatAm market.

Not exclusively. JUNTA.CL manages FIPs that span venture equity, real estate, and secured lending, making it closer to a multi-asset alternative investment platform than a pure venture firm. The venture sleeve represents a portion of the roughly 200 funded projects, alongside property and credit vehicles that have shorter hold periods and different risk profiles.

In October 2023 the firm added a mechanism that allows investors to list and transfer FIP quotas to other registered users before the fund's natural maturity. Private-fund quotas in Chile are normally illiquid relative to publicly traded instruments. The feature functions as an internal bulletin board rather than an exchange, but it gives investors a potential exit path — uncommon for retail-sized positions in Chilean private-placement structures (per JUNTA.CL communications, October 2023).

The firm operates under the supervision of Chile's Comisión para el Mercado Financiero (CMF), the same regulator overseeing banks, securities markets, and insurance firms. Each FIP is individually registered and must comply with CMF prospectus, valuation, and ongoing reporting requirements. This is a heavier regulatory burden than unregulated club deals but gives retail investors the same disclosure framework that applies to institutional fund structures in Chile.

JUNTA.CL's revenue model is not fully disclosed, but the standard structure for Chilean FIP administrators includes management fees charged against fund assets and performance-based carried interest. As each FIP is a separate legal and accounting entity, the firm likely earns fees on a per-vehicle basis, plus possible placement or structuring fees at formation. Investors should review the specific fee schedule inside each FIP's prospectus.