The hottest job in private credit: The specialists who squeeze returns from distressed loans

Demand for professionals who focus on squeezing returns out of struggling loans has been on the "uptick for the last 18 months," says one senior recruiter.

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• Defaults are rising in private credit, but distressed loans can still yield returns for investors.
• Hiring in private credit has slowed from 2022 highs, but demand for workout specialists remains.
• We look at job postings and chat with recruiters to learn more about workout and restructuring roles.