Corporate Overview

Australia Pacific Mortgage Fund Ltd was formed in 2009. The board of directors and management team have an extensive track record in wealth management, mortgage origination and investment markets. This unique combination of people and skills develops aims to develop innovative offerings to investors.

With the company being wholly owned by its directors and employees, there is an explicit alignment of interest between the company’s objectives and the outcome for investors.

With no institutional interference, the investment team has the exclusive objective of maximising returns and minimising risk for investors.

The unique characteristics of residential and commercial debt combined with the changing dynamics of the market led Australia Pacific Mortgage Fund Ltd to launch its inaugural Fund - the Australia Pacific Direct Fund - in 2012.


Australia Pacific Direct Fund’s advantage is derived from robust loan selection criteria, conservative lending limits, disciplined underwriting processes and rigorous recoveries on non-performing loans.

The Fund packages mortgage securities into sub-schemes to suit each investor and allows investors to choose their particular security, portion of the mortgage and investment term.

The Fund's strategy:

Derives stable fixed interest returns with predictable rates of return from Australia’s real estate mortgage market;

Integrates strict risk management to maintain high quality credit processes and lending criteria, creating an opportunity for the Fund to benefit from the premiums associated with borrowers who are underserviced by mainstream financiers; and

Creates an effective guarantee on investors’ return through interest on the Fund being capitalised


Equipped with a team of experts in wealth management, mortgage origination and investments market, Australia Pacific offers a unique and market-leading investment approach for investors, with no institutional interference.


Paul McCombe

CEO, Director, Responsible Manager, Board Member and Investment Committee Member

Paul has been group CEO & founding partner since 1998 and is a successful fund manager, finance broker and investment advisor. Paul provides Australia Pacific Mortgage Fund Ltd with expertise in capital raising, investment, mortgage origination, credit / lending policy and finance.

Paul holds 2 x Australian Financial Services Licences, 2 x an Australian Credit Licenses, is a Licensed Real Estate Agent (Vic & Qld), and holds Diplomas in Financial Services - Financial Planning and Finance and Mortgages, and Anti-Money Laundering.

Michael Yong

COO & Responsible Manager

Michael Yong has been in the financial services industry since 2012 where he began working as an Adviser. Prior to that role he worked an Australian based Multi-Family office as an accountant assisting Ultra High Net Worth (UHNW) clients with their tax affairs and financial accounting matters. Michael currently serves as the COO of Australia Pacific Mortgage Fund Ltd where he overseas the day-to-day operations of the business and it's related entities.

Michael has completed a Bachelor of Business (Accountancy) degree, Diploma of Financial Services (Financial Planning), the National Commodity Futures Series 3 examination, Master of Business Administration degree, the Uniform Investment Adviser Law Series 65 examination and most recently the TASA and the TPB Code of Professional Conduct examination.

Brad Vallance

Director, Responsible Manager, Board Member and  Investment Committee Member

Brad Vallance has over 15 years of finance industry experience in residential, commercial and construction mortgage lending at the Commonwealth Bank of Australia and Australia Pacific Mortgage Fund Ltd.

Brad holds a Diploma of Financial Services - Mortgage & Finance and has extensive experience in credit lending policy and assessment, valuation assessment, national consumer credit protection and anti-money laundering compliance and operational processing.

Adam Coughlan

Director, Board Member, Investment Committee Member

Adam has over 20 years’ experience in the funds management industry, including roles as Manager - retail for Australian Unity Investments, the Head of national accounts and research at Colonial First State. He was a director of two asset management firms from 2007 to 2011.

Adam's work has encompassed all aspects of the financial services industry, including fund raising for all major asset classes, restructuring direct property trusts, membership of management investment committees and media and public presentations.

Adam holds a Bachelor of Economics from Macquarie University.

Louie Kortesis

Investment Committee & Compliance Committee Member

Louie began his career in Accounting & Taxation in 1995, previous to MWL Financial Group he ran his own firm for close to 10 years and was involved at a partner level for 5 years prior to that.

He specialises in Business Services, Restructures and Tax Planning and works closely with clients to achieve their business goals. Louie, joined the group in 2013 and has headed up the Melbourne Division of the company’s Accountancy Operation.

Steven O'Connell

External Compliance Manager

Steven has extensive finance industry experience over 26 years in Life Insurance, Asset Management, Custodial Services, Financial Planning and Superannuation (Consulting, Administration and Trustee services).

Steven has held positions predominantly in compliance and risk management functions over the past 14 years but has had significant exposure to accounting and tax related issues for managed investment schemes and pooled superannuation trusts. He has been appointed company secretary for a number of entities, headed custodial operations for corporate actions, reconciliations and unlisted trust management and was a key person in the eventual sale of Mellon's superannuation and administration consulting businesses in 2005.

Steven has been appointed to the board of the Australian subsidiary of leading global asset management company, Chairs Compliance Committee, for leading global and domestic asset managers and continues to be a responsible manager for a number of asset management companies.

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