AgCap, the Australian agriculture investment management, is planning to launch a dairy fund and has hired a senior analyst to work on the new project, John McKillop, managing director of AgCap, revealed to Agri Investor.
While further details about the new fund have not yet been disclosed, McKillop said the new fund would be launching soon and will involve a joint venture with a large dairy producer in Australia.
Deo de Jesus will join the firm on May 19 and has extensive experience in agribusiness. He joins from Griffith Hack Consulting, an intellectual property law firm. Before this he worked at Latitude 232, a boutique corporate advisory firm providing capital raising and transaction services in the agribusiness sector, and Adviser Edge, an alternative investment research house for the agribusiness, property and structured products markets.
AgCap currently manages the A$150 million ($139 million; €101 million) Sustainable Agriculture Fund, a diversified agriculture fund that is in the fourth year of a 10-year life.
AgCap also manages $350 million for Cubbie Station, Australia’s largest cotton grower.