Private fund investors have been navigating a market roiled by rising interest rates, high volatility and geopolitical upheavals. Many are seeking liquidity at the same time that managers are having trouble exiting investments. A panel of Morgan Lewis partners at the firm’s Private Fund Investors Roundtable offered an overview of the private funds market; co-investments; and the rapidly evolving environmental, social and governance regulatory and investing landscape. This article presents the panel’s insights. For more from Morgan Lewis, see “Latest on Key Terms, Structuring Approaches and Trends in Secondary Transactions and Co‑Investments (Part One of Two)” (Mar. 10, 2022).