AgDev represents a dynamic joint venture between two highly successful companies, InDev Capital and AgEquity Partners, renowned for their expertise in real assets and agricultural farmland investment, respectively. InDev Capital, a prominent merchant bank in Brazil with over a decade of experience, achieved an impressive 40%+ IRR on its last investment of US$130M. Meanwhile, AgEquity has made substantial equity and credit investments totaling over US$90M in Brazilian farmland over the past two decades, realizing an approximate 15% IRR. Their investments were not only driven by their own capital but also included contributions from partners from the USA and Europe. Together, these two firms have come together to form AgDev, a venture that seeks to create a global asset class and unlock the equity value of Brazilian farmland.