Transaction volumes in the private equity secondary market were strong in 2020 and the outlook for 2021 continues to look robust. This report outlines the dominance of GP-led deals in the space also identifying the growing appetite for transactions led by LPs. It highlights the key considerations GPs need to keep in mind when looking to restructure a fund. The report also underscores the rising complexity in the secondaries market, noting the need for deep expertise and thorough due diligence.