Wentworth Williamson Stable Income Fund

Non-bank lender to resi property bridging loans

• The Borrower assists purchasers in buying a property before they sell their existing property. ​

• Secured by first registered mortgage over both properties (the incoming property and the outgoing property).​

• The Lender’s first loss in the warehouse facility provides additional strong loss protection ​

• Maximum LVR on residential property is 80% and commercial is 55%.​

• Portfolio LVR cannot exceed 65%.​

• Underlying loan terms are 6-24 months.​

Non-bank specialist lender to medical/dental professionals

• Non-bank lender providing finance to the medical and dentistry profession for critical tools of trade.​

• All loans are supported by personal guarantees from medical/dental professionals. ​​

• Previous annualised default ratio for this industry has been about 0.25%. The loan book is well diversified, with over A$2 billion in total on-balance sheet loan originations (since inception) and over A$1 billion currently held on the balance sheet.​

Non-bank business lender (insured invoice)

• Provides revolving line of credit facilities for Australian business entities, secured by all the borrowers trade receivables. ​

• Only receivables which are insured by an international A insurance group are eligible. ​

• The Lender’s first loss in the warehouse facility provides additional strong loss protection ​

• Loan limits provided are 80% of the insurer’s limit on the borrower’s credit insured receivables.​

• Security includes director’s guarantee. ​

• Likely to remain a small part of our portfolio. ​

Non-bank lender to Livestock Finance company

• First registered charge over the livestock being funded. Interest in the livestock is registered via the PPSR and PMSI. ​​

• All cattle in Australia are tracked on the NLIS database by RFID tags.​

• Comparable portfolio cumulative loss since inception is minimal at 0.0175%.​

• ​Livestock weight gain results in an estimated 64% LVR for both cattle and sheep at the end of their respective 270 day and 90-day financing periods (an average LVR of 80% over the financing period).​

• The underwriting guidelines require that the level of property equity is at least 2x the Lender’s facility.​

• All loans includes personal guarantees from the underlying borrowers (farmers). ​

• The Lender's first loss provides additional loss protection.​

Click here for the latest fund distribution performance, or see below: 

Wentworth Williamson is an independent, boutique investment manager, owned and managed by staff.

We invest on behalf of ourselves, high-net-worth individuals, family offices and charitable foundations who have a long-term investment horizon.

Our focus is on delivering unique investment strategies that deliver long-term, risk-adjusted returns to our investors, with a focus on risk mitigation.

James is currently Executive Director, Chief Investment Officer of WW and portfolio manager of the Wentworth Williamson Fund Between 2008 and 2012, James was Portfolio Manager of the Investec Australian Equity Fund and a member of the fund’s investment committee alongside Geoff Levy. 

Over this period the fund increased by 26.1%, compared with the S&P/ASX 300 Accumulation Index (fund’s benchmark), which declined by 7.2%. Whilst at Investec Bank (Australia) Limited and prior to inception of the Investec Australian Equity Fund, James and Geoff developed a highly successful investment process generating outstanding returns in listed equities in the direct Investments division of Investec Bank (Australia) Limited.

Prior to the inception of the Wentworth Williamson Fund, James worked from April 2012 until August 2013 for Allan Gray Australia Pty Ltd, one of Australia’s largest value fund managers. Prior to joining Investec Bank (Australia) Limited, James headed a sector research team at Société Générale London. He was recognised as a leading independently rated Pan European equity research analyst, including one of the few analysts to be rated in the top 10 in a major Pan European sector in the first year of full coverage.

Prior to this, James headed a sector research team at Société Générale based in Johannesburg. 

Overall, James has over two decades of experience in financial markets. James has a Bachelor of Commerce, a Graduate Diploma from the Securities Institute of Australia and is a Senior Associate of FINSIA.

Dillon joined Wentworth Williamson in 2025 as an Investment Analyst. He brings over six years of experience across debt capital markets, private equity, and structured finance lending. Prior to joining the team, Dillon was involved in capital markets execution, origination, credit analysis, and investment evaluation.

He holds a Bachelor of Business and is currently completing a Postgraduate Certificate in Applied Finance at Macquarie University, complemented by certifications in securitisation, Excel, and financial modelling. His analytical approach, combined with hands-on experience in structuring and executing transactions, as well as managing investor communications, supports the team’s credit and investment strategy across private markets.

Martin joined WW in 2016 as an Investment Analyst. Prior to this, he worked in Switzerland and London at Stonehage Fleming, the largest global independent family office, where he reviewed the investments of high-net-worth clients and also researched global stocks at the equity fund.

Martin has had a passion for investing from an early age, coming from a family with a long history of value investing. Martin graduated from Macquarie University with a Bachelor of Commerce and Applied Finance, majoring in Accounting.

Braiden joined Wentworth Williamson in 2024 as a Junior Analyst. He holds a Bachelor of Commerce, majoring in Economics from Macquarie University.

John has over 35 years experience in financial services spanning banking, funds management, financial markets, treasury and securitisation. He also has significant Board experience and currently is the Chairman of two unlisted fintech entities.

John brings extensive credit, deal structuring and non-bank lending experience to WW. His appointment to our Advisory Board enhances our team's existing capabilities in assessing, implementing and managing our private credit investments.

Donelle plays a key role in shaping partnerships and strengthening customer engagement across the business. With extensive experience in SME finance and broker networks, she is focused on building trusted industry relationships and ensuring the business stays closely attuned to the needs of clients and intermediaries. Donelle also serves as Head of the Women’s Commercial Finance Forum (WCFF), where she champions greater inclusivity and supports the development of confident, capable leaders across the industry.