The PE industry has been – and is still – contending with a range of challenges arising from the coronavirus pandemic, as well as political uncertainties, global trade tensions and economic upheavals. Sponsors have been forced to adjust their short-term investment and management plans, while also addressing increased pressure among LPs and regulators for adopting technology upgrades and better reporting practices. To gauge the effects of recent events on PE and how the industry is moving forward, Mergermarket and IHS Markit conducted a survey of senior executives from PE firms in the U.S., Europe, the Middle East and Africa with assets under management between $500 million and $5 billion. The report sets out the survey results and provides additional analysis of trends, drivers and expectations among PE sponsors for the near- to mid-term. This article summarizes the key findings and insights contained in the report. For coverage of other surveys conducted by Mergermarket, see “Dechert and Mergermarket 2020 PE Outlook: Identifying Investment and Exit Strategy Trends (Part One of Two)” (Dec. 10, 2019); and “Mergermarket and Baker McKenzie Report on Global Trends and Practices in Compliance Due Diligence” (Aug. 13, 2019).