As of March 4, 85 US-based buyout, growth equity, mezzanine and other PE funds had raised $41.2 billion, down 19 percent from a year ago.
Seed platform Evolution Managers Capital backed Conanicut Capital, which was formed by Jared Paquette.
Knox Lane was founded last year by Managing Partner John Bailey and Partner Shamik Patel, both veterans of TPG's growth equity and mid-market buyout arm.
The firm is aiming for a first close on the flagship in April and a final close by June.
The asset manager is one of a syndicate of buyers seeking to move Creative Artists Agency into a continuation fund to give backer TPG more time to manage the assets.
The increased co-investment pace comes as the $252bn pension seeks to up its overall private equity allocation.
Strong fundraising is a result of emerging and established growth equity brands closing ever larger funds as well as buyout managers wading into the space.
The Alpine funds focus largely on the downside-protected portion of a company’s capital structure, but also will invest with equity components like convertible securities, options, warrants and preferred stock.
The $54.2bn pension's contracts with its current consultants expire June 30.
New York-based company invests at least $75 million in companies, with a target investment range of $150 million to $750 million.