Private Lenders Hire Restructuring Pros as Defaults Loom.

(Bloomberg) -- After riding the relentless credit boom of the past decade, some of the biggest players in the $1.4 trillion private credit market are now amping up hiring of restructuring pros as they brace for an uptick in defaults. "With such a high demand for restructuring experts, no one will move for a 10% bump in salary", said Todd Downing, managing partner at recruitment firm Best Human Capital & Advisory Group. [Extracted from the article]