Babcock & Brown LP's "bread and butter" business was its role as a financial adviser in structured finance, including leases, debt placement for large leases, hedging, and securitisation. It focused on businesses looking to lease equipment essential to their business in the most tax-effective and low cost way possible. Babcock & Brown LP was one of the world's leading financial advisers. It was considered the market leader in the United States and the United Kingdom in this area. The structured finance advisory business generated 23% of the company's net revenue.