The liquidity constraints brought on by the financial crisis of 2008-2009 and the resulting risk aversion of investors forced global exit markets to recalibrate and adapt to a new economic environment. As the world’s exit markets sought to regain their footing, some investors questioned whether global growth markets (GGMs) would respond as favorably as developed markets to these economic challenges. This white paper undertakes a detailed evaluation of global private equity exits in order to identify and discern the impact on investors of any differences between developed markets and GGMs.