Dynamics in the PE industry have rapidly evolved recently based on both micro and macro factors, making benchmarking analyses particularly useful. To that end, EY conducted its most recent annual survey, with assistance from Greenwich Associates, by recording the views and opinions of CCOs, CFOs and financial executives in 127 PE firms that varied by size, complexity and location. In addition, 72 institutional investors were interviewed, representing about $1.8 trillion in assets under management. EY presented its findings and insights in its “2021 Global Private Equity Survey,” which touched on a range of topics addressed in the survey such as the impact of the coronavirus on the PE industry; PE firms’ talent management and operational practices going forward; and trends and considerations arising from the growth of environmental, social and governance investing. This article summarizes key takeaways from the survey. For coverage of previous EY surveys, see “Evolution of the Legal Function” (Jan. 14, 2020); and “2018 Survey Finds Investors Cooling to Hedge Funds; ‘Seismic Shifts’ in Tech Capabilities; and Convergence Across Hedge Fund and Private Equity Products (Part One of Two)” (Nov. 29, 2018).