Seeking Alpha

Sankaty to acquire JPMorgan portfolio for $1B

  • Bain Capital's credit arm, Sankaty Advisors, is buying the debt portfolio of JPMorgan's (NYSE:JPM) principal investment group for more than $1B.
  • The portfolio contains junior loans in North America and Europe as well as securities in Asia and Australia.
  • Sankaty, which has $24B under management, is likely to keep many of the employees who built the portfolio
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