Sankaty Advisors, a private manager of fixed income and credit instruments, has appointed Eric Karp as a senior advisor, Private Equity Hub reports. In his new role, Karp will help the firm identify and pursue new credit investment opportunities, especially in the sponsored LBO space. Most recently, Karp served as global head of financial sponsors at Bank of America. Before joining Bank of America, Karp held similar roles at JP Morgan and Bear Stearns.

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