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AgCAP (Delisted)

PRI reporting framework 2019

You are in Organisational Overview » Basic information

Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

Select the services and funds you offer
% of asset under management (AUM) in ranges
Fund management
Fund of funds, manager of managers, sub-advised products
Other

Please specify

          Ongoing management of assets including - farming operations, commodity sales and marketing, financial and risk management; corporate governance. Full divestment of assets completed in 2017-18.
        
Total 100%

Further options (may be selected in addition to the above)

01.2. Additional information. [Optional]

Established in 2007 (as Australian Farms Fund Management), AgCAP holds an Australian Financial Services Licence and provides financial services to professional and institutional investors, as well as managing farms and agribusinesses on their behalf. AgCAP has specialised expertise in funds management and investment, and diversified expertise in managing cropping, dairy and livestock operations.

From 2009 to 2018, AgCAP managed the Sustainable Agriculture Fund (SAF) on behalf of Australian institutional investors. The Fund owned and operated grain, cotton, beef and dairy farms across five aggregations at North Star and Darlington Point in New South Wales, Victoria’s Western District, and King Island and the Cradle Coast in Tasmania.  The Fund was fully divested in December 2017.

AgCAP has extensive experience in sourcing and managing agricultural enterprises on behalf of institutional investors in Australia and overseas.

AgCAP provides funds and asset management services for institutional and large private investors who wish to invest in agricultural assets and operations. We hold an Australian Financial Services Licence, allowing us to provide financial services to wholesale clients.

Our Funds and Asset Management services include:

- Funds Management including creating investment funds, raising funds, investing funds and managing funds.

- Asset Management including the purchase of assets, market research, due diligence, negotiation and completion of purchase.

- Ongoing management of assets including - farming operations, commodity sales and marketing, financial management, risk management, and corporate governance.

For the purposes of the PRI Reporting Assessment, all data and information will be reported as at 30 June 2018. Full divestment of the SAF assets was achieved by 29 March 2018.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Australia

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

10.21 FTE

02.4. Additional information. [Optional]

Note that the approximate number of staff is calculated as to 30 June 2018.

Many changes in staff numbers during July 2017 - June 2018.


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

30/06/2018

04.2. Indicate your total AUM at the end of your reporting year.

04.4. Indicate the total assets at the end of your reporting year subject to an execution and/or advisory approach.

04.5. Additional information. [Optional]

AgCAP sold all assets during the reporting period - Managed fund was fully divested.

A new capital raising strategy was initiated towards end of the reporting period.


OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 0 0
Fixed income 0 0 0 0
Private equity 0 0 0 0
Property 0 0 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Fund of hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash >50% 100 0 0
Money market instruments 0 0 0 0
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]

AUM was 100% comprised of Farmland.

All assets were sold during reporting period, leaving only Cash under manangement by AgCAP before the cash was fully divested in 2018-19.


OO 07. Fixed income AUM breakdown (Not Applicable)


OO 08. Segregated mandates or pooled funds (Not Applicable)


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

100 Developed Markets
0 Emerging Markets
0 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]


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