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Average top bids for stakes in infrastructure funds have surged 33% since 2011, according to advisory firm Setter Capital.

The capital will be invested in a portfolio of eight companies already owned by the listed firm, as it plans to ramp up its external fundraising activity.

The global asset manager will begin investing Secondary Opportunities Fund IV this quarter, once SOF III is 100% deployed.

Three partners and up to six associates will join the law firm's London office, establishing its secondaries capability.

The fund of funds will invest in a mix of primaries, secondaries and co-investments, and the firm expects to hold a close in March.

Full pricing in the ‘traditional’ secondaries market is leading the global investment firm to take on more ‘non-traditional’ secondaries to find compelling returns for its investors.

The $3bn pension has backed at least four of the alternative investment manager's previous vehicles.

GP-led transactions and mega-deals will continue amid a possible drop in pricing.

Tax ramifications should be a foremost consideration when approaching secondaries in an asset class that has extra layers to consider compared with private equity.

Macroeconomic volatility and political uncertainty are big themes on the minds of European secondaries professionals.