Corporate & Structured Finance
Overview
CSF originates, structures, participates in and manages equity and debt investments in both publicly listed and private enterprises primarily in areas not covered by the other Divisions of Babcock & Brown, often in sectors that can utilise and benefit from the core real estate and infrastructure skill sets within Babcock & Brown. The Division seeks to take an active role in working with management and other key stakeholders to realise value in its investments.
The four key sectors of focus are:
• Senior Living/Aged Care
• Telecommunications
• Essential Services
• Financial Services
Over the 2007 period CSF grew AUM by 39% from $11.9 billion to $16.6 billion.
Net Revenue
|
|
|
|
Base fees from AUM
|
32,171
|
14,360
|
|
Co-investment income
|
1,892
|
1,913
|
|
Advisory fees from AUM
|
40,968
|
99,353
|
|
Performance fees from AUM
|
1,610
|
2,495
|
|
Other operating income
|
557
|
1,585
|
|
Development fees, interest, and profits
|
190
|
4,931
|
|
Principal investment
|
77,206
|
179,867
|
|
Third party advisory fees
|
(1)
|
21,885
|
|
Net Revenue (before Minority Interest)
|
154,593
|
326,389
|
|
Segment Minority Interest
|
(916)
|
276
|
|
Total Net Revenue (after Minority Interest)
|
153,677
|
326,665
|
|