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                                                            December 2, 2024

Michelle Rosenberg
President
Janus Henderson US (Holdings) Inc.
151 Detroit Street
Denver, CO 80206

       Re: Janus Henderson US (Holdings) Inc.
           Registration Statement on Form S-4
           Filed November 18, 2024
           File No. 333-283305
Dear Michelle Rosenberg:

       We have conducted a limited review of your registration statement and
have the
following comments.

        Please respond to this letter by amending your registration statement
and providing
the requested information. If you do not believe a comment applies to your
facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your registration statement and the
information
you provide in response to this letter, we may have additional comments.

Registration Statement on Form S-4
General

1.     We note that you appear to be registering the exchange notes in reliance
on our
       position enunciated in Exxon Capital Holdings Corp., SEC No-Action
Letter (April
       13, 1988). See also Morgan Stanley & Co. Inc., SEC No-Action Letter
(June 5, 1991)
       and Shearman & Sterling, SEC No-Action Letter (July 2, 1993). However,
the
       prospectus does not appear to contain all of the representations
required by the no-
       action letters. Specifically, you must represent that you have not
entered into any
       arrangement or understanding with any person who will receive exchange
securities in
       the exchange offer to distribute those securities following completion
of the offer, and
       that you are not aware of any person that will participate in the
exchange offer with a
       view to distribute the exchange securities. Please revise your
prospectus accordingly.
       Alternatively, you may provide us with a supplemental letter that
includes these
 December 2, 2024
Page 2

       representations. Refer to Compliance and Disclosure Interpretations,
Securities Act
       Forms, Question and Answer 125.13, available on our website, at
www.sec.gov.
2.     Please also provide the representations that the issuer will include in
the transmittal
       letter an acknowledgement to be executed by each person participating in
the
       exchange offer that such participant does not intend to engage in a
distribution of the
       exchange securities. In addition, the issuer will include in the
transmittal letter an
       acknowledgement for each person that is a broker-dealer exchanging
securities it
       acquired for its own account as a result of market-making activities or
other trading
       activities that such broker-dealer will satisfy any prospectus delivery
requirements in
       connection with any resale of Exchange Securities received pursuant to
the Exchange
       Offer. The transmittal letter may also include a statement to the effect
that by so
       acknowledging and by delivering a prospectus, a broker-dealer will not
be deemed to
       admit that it is an    underwriter    within the meaning of the
Securities Act. Refer to
       Compliance and Disclosure Interpretations, Securities Act Forms,
Question and
       Answer 125.13. Please also include the form of Transmittal Letter as an
exhibit to the
       registration statement.

United States Federal Income Tax Consideration, page 46

3.     We note your disclosure that there will be no U.S. federal income tax
consequences to
       a holder who exchanges an Outstanding Note for a New Note pursuant to
the
       Exchange Offer. As such, please file a tax opinion that supports this
statement. Refer
       to Section III.A. of Staff Legal Bulletin No. 19, available on our
website. If counsel
       will be filing a short form opinion, please ensure that the short-form
opinion and
       the tax disclosure in the prospectus both clearly state that the
disclosure in the tax
       consequences section of the prospectus is the opinion of the named
counsel. Refer to
       Section III.B.2. of Staff Legal Bulletin No. 19.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence
of action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.

       Please contact Robert Arzonetti at 202-551-8819 or Susan Block at
202-551-3210
with any other questions.



                                                            Sincerely,

                                                            Division of
Corporation Finance
                                                            Office of Finance
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