History
The Company was founded in 1977 by James Babcock and George Brown in San Francisco, USA. Babcock opened a Sydney office in 1982 and largely operated as a corporate advisory firm focused on leasing of aircraft and other equipment until the early 1990s. B&B entered the real estate market in Sydney, at that time enjoying considerable success. Jim Babcock resigned from the board of directors on 1 November 2008 citing personal reasons.
The company's focus from advisory work to investment management continued until a German bank Bayerische Hypo und Vereinsbank invested US$120 million in return for a 20% stake. It used those funds and third-party funds they raised from clients to invest directly in a wide variety of investments, as both co-investor and principal.
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