The bank is also eyeing the sale of its Australian business, which includes motor leasing group Capital Finance, Reuters said. It is also in the process of selling a leasing unit with a book value of $3.6bn.
The bank is looking to exit the country as it trims down its international branches in order to cut costs, the report said.
Sankaty has approximately $20.1bn assets under management and invests in a wide variety of securities and investments, including leveraged loans, high-yield bonds, distressed/stressed debt, mezzanine debt, structured products and equities.
Earlier this month the firm held an initial close for its second mid-market fund ahead of its $1bn target.
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