The hunt for yield has helped push up average high bids for infrastructure funds by almost 11%, according to Setter Capital.
Some 15% of private capital executives saw a decrease in their year-on-year base salary in 2017, significantly higher than the 1% who reported a similar change last year.
Secondaries have under-performed the All Funds index across all timeframes under review, according to the LP association.
Carlyle, Apollo and Blackstone funds were among those that changed hands in the deal involving $644m of NAV.
Advent, Apollo and Carlyle round out the top of Setter Capital's most sought-after managers list.
Fundraising for private equity secondaries rose by more than one-third year-on-year, with Lexington's $2.7bn raise accounting for the lion's share of capital.
The pension's secondaries portfolio has been outperformed by buyouts, distressed and growth equity over the past year but continues to beat its public market benchmark.
The firm's 1999- and 2004-vintage funds are its best-performing, according to documents seen by Secondaries Investor.
Expectations of capital distributions are up, with high pricing and dry powder dampening deployment, according to a report by Rede Partners.
Average high bids for special situations and timber funds increased by 11.03% and 32.44% respectively over the period.