Though 2020 was turbulent, private market activities have picked up and continue to outperform measures of comparable public market performance. This persistent uptick is fueled by an accumulation of dry powder in the market. The discussion will explore the factors that have contributed to this trend and whether it is likely to continue. Renewed interest in SPACs as a means for public markets to access private investments, thus allowing multi-billion-dollar companies to remain private indefinitely, raises important questions for review: How is the synergy between private and public markets evolving? What is the contribution of ESG investments to the growth of private markets?