Over the past decade, fund sponsors have increasingly used GP-led liquidity transactions to provide liquidity options to LPs, to rebalance portfolios, and to manage assets that have stabilized or need additional capital/time.  The impact of the COVID-19 outbreak is expected drive further growth in transactions.  During this briefing, Damian Jacobs of Kirkland & Ellis, Nicholas Miles of Lazard Private Capital Advisory and Rahul Ghai of Partners Group provided an overview of the market and of GP-led liquidity transactions.