On behalf of Dechert, Mergermarket surveyed 100 senior-level PE executives during the second and third quarters of 2021 (Survey). The respondents were from established firms across the globe with at least $500 million in assets under management. Dechert’s report (Report) presents the Survey results; examines the challenges and factors affecting the deal environment; explores some of the major trends emerging from the Survey results; and discusses broad industry developments and regional outlooks. This article explores the key takeaways from the Report. See our two-part series on the Dechert and Mergermarket 2021 PE outlook and Dechert webinar on that survey: “Developments in Fund Structures, Fundraising and Managements” (Jan. 26, 2021); and “Global Trends, Deal-Making Issues and Strategies to Adopt” (Feb. 2, 2021).