Europe, once the land of copycat business models and local ambitions, is now a force on the global venture scene. What changed, and can the continent sustain its newfound momentum amid recent market turmoil and competition from Valley VCs? We invite you to watch, as director Mikael Sand and principal Stefan Goettl take a fresh look at the evidence in a discussion moderated by managing director Alex Casbolt. We explore how European venture has transformed and what’s to come, how it still differs from U.S. venture, the impact of shifting markets, and how to make the most of the opportunity as an LP.
Pathway scored an A+ for its ESG efforts in both Private Equity and Strategy & Governance for the 2019 PRI Annual Assessment. Pathway continues to recognize the importance of integrating environmental, social, and governance (ESG) issues into its investment and business practices. Learn more about UNPRI’s mission and find Pathway’s 2019 Transparency Report here.
Pathway is delighted to announce that Teri Noble, Sr. Vice President, has been appointed to the Women in Institutional Investment Networks Board of Directors in recognition of her in-depth knowledge and experience in the institutional investment industry. Pathway is a proud supporter of the Women in Institutional Investments Network’s mission to facilitate a dialogue to advance and empower women in the Southern California institutional investment community.
To learn more about WIIIN and its mission, visit their website here.
Pathway is pleased to announce that in March 2016 it held a final close on $400 million for Pathway Private Equity Fund Investors 8, LP (“PPEF I-8”), its eighth multi-investor core diversified private market fund of funds. Investors included a mix of government and corporate pension plans, insurance companies, and endowments. At $400 million, PPEF I-8 exceeded both its target of $300 million and the $308 million that was raised for its predecessor fund, PPEF I-7, which held its final close in late 2013. PPEF I-8 contributed to Pathway securing more than $3 billion in new capital commitments from investors in 2015.
Pathway is pleased to announce that Vincent Dee, Valerie Ruddick, and Wayne Smith have been promoted to Managing Directors.
Vincent joined Pathway in 2002 and is a managing director in the California office. He is responsible for investment analysis and due diligence, negotiating and reviewing investment vehicle documents, and client servicing. Vincent also heads the firm’s market research team, which tracks the data, trends, and issues impacting the private markets and also publishes Pathway’s quarterly Private Market Environment reports and other periodic research reports and studies. Additionally, Vincent serves on the advisory boards of several private market partnerships. Prior to joining Pathway, Vincent worked in the Pension Consulting Division of Wilshire Associates Inc. He received a BA in economics from the University of California, San Diego, and an MBA from the Haas School of Business at the University of California, Berkeley. Vincent is a CFA charterholder and a member of the CFA Society of Los Angeles, Inc.
Valerie joined Pathway in 1996 and is a managing director in the California office. She is responsible for investment analysis and due diligence, negotiating and reviewing investment vehicle documents, and client servicing. Additionally, Valerie serves on the advisory boards of several private market partnerships. Valerie received a BA in economics, with a minor in business management, from the University of California, Irvine, and an MBA from the Anderson School at the University of California, Los Angeles.
Wayne joined Pathway in 2011 and is a managing director in the Rhode Island office. He is responsible for investment analysis and due diligence, negotiating and reviewing investment vehicle documents, and client servicing. Additionally, Wayne serves on the advisory boards of several private market partnerships. Prior to joining Pathway, Wayne managed the private equity program for the $50 billion Pension Reserves Investment Management Board (PRIM) in Massachusetts, where he had worked since 2000. In this capacity, he performed due diligence, recommended investments, and had oversight responsibility for a portfolio of more than 200 limited partnerships and $15 billion in committed capital. Before joining PRIM, Wayne had worked on private equity investments for Liberty Mutual Group since 1996. He received a BA in management from Assumption College and an MBA from Babson College. Wayne is a CFA charterholder.
Pathway Capital Management celebrates its 25th year of developing successful private market programs for institutional investors worldwide. On this occasion, we wanted to take a moment to reflect on how grateful we are to our clients and investors, who have entrusted their capital with us to help them achieve their private market fund investing goals. While the private markets have changed substantially over the past 25 years, we have remained true to our core principles: putting our clients and investors first, focusing on what we believe to be high-quality funds worldwide, and building a culture within the firm that promotes a stimulating and rewarding work environment. We look forward to the next 25 years and beyond.