The Team

Charles Gillies and Lex McArthur are the Managing Partners of Jolimont Capital. In addition to a combined total of over 20 years of entrepreneurial, technology, consulting and operational management experience, they have approximately 30 years of experience in the venture capital/private equity industry.

Through our Managing Partners, Jolimont has a substantial network of industry and government contacts in Australia and overseas. We actively deploy these to increase the value of the firms in which we invest.

Charles Gillies

Lex McArthur
Carol Sullivan

Charles Gillies - Managing Partner

Charles Gillies is a Managing Partner at Jolimont Capital, which he founded with Lex McArthur in 2003. His focus is working with management teams on financings, restructurings and marketing. Charles has been or is a Director of HumanWare, Plantic, Redfern Polymer Optics, Redfern Integrated Optics and Fitness2Live. Prior to founding Jolimont Capital, Charles was the Investment Manager for ADI, a technology seed investor. He has executive management experience in strategy, marketing and finance.

Charles also has direct experience of start-ups as CEO and founder of an Internet service business in 1999. For 2 years, Charles was a guest lecturer in Strategic Management at Deakin University. He also lectured and was a taskforce member for 5 years in the Graduate Diploma in Applied Finance and Investment for the Securities Institute of Australia.

Charles has a Masters of Business Administration from the Melbourne Business School (he was the HJ Heinz Scholar in 1991), is a Senior Fellow of the Financial Services Institute of Australasia and has a Bachelor of Science/Arts from the University of Melbourne.

Lex McArthur - Managing Partner

Lex McArthur is a Managing Partner at Jolimont Capital, which he founded with Charles Gillies in 2003. His strengths are in deal structuring, transaction negotiation and business strategies. Lex works actively in developing growth and exit strategies with each of his investee companies and in guiding and mentoring the CEOs and senior management. He is currently a Director of Park Assist, Space Time Research, Daintree Networks, Redfern Optical Components, and HumanWare.

Prior to founding Jolimont Capital, Lex was CEO of ADI, a technology seed investor whose shareholders included Babcock & Brown and Ernst & Young. Previously, he was CEO of Emerge CMC Ltd, a joint venture between leading IT vendors including Oracle, NEC, Telstra and four major universities to commercialise online and multimedia business applications. Lex's professional experience and contacts span a range of industry sectors including investment, IT and mining. It includes two start-up IT businesses that Lex founded and operated between 1992 and 1996, and two years as Business Development Manager at Melbourne IT in its formative years.

Lex has a B.Eng (Hons) from the University of Melbourne, a Post Grad Dip in Mineral Economics and is a FINSIA Associate.

Carol Sullivan - Chief Financial Officer

Carol is the Chief Financial Officer of Jolimont Capital. Qualified as a Chartered Accountant in London since 1988, Carol came to Melbourne on secondment in 1989, becoming an Australian citizen in 1995. After working in Audit, Accounting and Tax Accounting she moved to a Practice Manager position and, before joining Jolimont Capital, was a Practice Manager for both Accounting and Legal Firms.

Carol has a Bachelor of Science (Hons) degree from the University of Leicester, and is a Member of the Institute of Chartered Accountants in Australia.


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