We are thrilled to share the expansion of our Management Committee at Pathway to include Alex Casbolt, Vincent Dee, Derrek Ransford, Valerie Ruddick, and Wayne Smith. In conjunction with this growth, we have expanded our direct equity investment committee to include Jason Jenkins, Bryan Nelson, and John Ruggieri and our direct credit investment committee to include Kevin Bland. Additionally, the chairs for our four investment committees are now as follows:
Primaries: Valerie Ruddick and Matt Lugar
Secondaries: Pete Veravanich
Direct Equities: Derrek Ransford and Canyon Lew
Direct Credits: Vincent Dee and Wayne Smith
These experienced investment professionals have demonstrated exceptional commitment, making valuable contributions to the firm during their long tenure at Pathway.
Please join us for a secondaries market update as we discuss relevant changes and consistencies within this evolving sector. We will also take a deep dive into areas of focus investors should consider when performing due diligence on GP-led secondary offerings.
Pathway is pleased to announce that Kevin Bland has been promoted to director and has been admitted as an owner of the firm, bringing the number of owners of Pathway to 22. Kevin’s promotion represents our continued efforts to expand ownership of the firm to dedicated, experienced, and talented professionals.
Kevin has worked at Pathway for 11 years. He is based in the firm’s Irvine office and is a senior member of Pathway’s private credit team. Kevin plays a leading role in the due diligence and underwriting of direct credit opportunities, works closely with multiple investors and clients, and helps manage analyst recruitment and development for Pathway.
Pathway is pleased to announce that it has been appointed to manage a $200 million customized private equity fund of funds for a German pension plan. The fund will seek to build a portfolio of primary fund investments in a variety of investment strategies, targeting investments primarily in North America and Europe. The fund will leverage Pathway’s more than 30-year history of investing in the private markets, which includes more than $105 billion in commitments in over 100 customized portfolios for investors around the globe.
Pathway is pleased to announce that it has closed on a $185 million customized fund of funds for an Asia-based institutional investor. The fund will seek to build a diversified portfolio of primary fund investments and co-investments in both the small and middle markets globally.
The fund represents a continuation of Pathway’s more than 30-year history of investing in the private markets, which includes more than $105 billion in commitments in over 100 customized portfolios for investors around the globe.
Pathway is pleased to announce that it has held a final close on $270 million for Pathway Private Equity Fund Investors 11, LP (“PPEF I-11”), its 11th multi-investor, core-diversified private equity fund of funds. Investors include a mix of government and corporate pension plans, insurance companies, endowments, foundations, and high-net-worth individuals. PPEF I-11 will continue its predecessors’ strategy of making primary fund investments in private equity managers, as well as investments in secondary and co-investment opportunities.
PPEF I-11 will leverage Pathway’s more than 30-year history of private market investing, which includes over $120 billion committed to a variety of private market opportunities.
If you missed the live webinar, or haven’t yet caught the recording, click on the link below to watch “Private Equity Secondaries & Co-investments: Current Trends & Opportunities” hosted by CAIA Washington, D.C. Pathway Director Bryan Nelson joined the panel to discuss how the secondaries market has experienced significant growth and evolution over the past decade.
Pathway is pleased to announce that Bruce Emken has joined as Senior Vice President–Head of Wealth Services in our Irvine, Calif., office.
Mr. Emken brings extensive wealth service experience that dates back more than 25 years. Prior to joining Pathway, Mr. Emken worked at Goldman Sachs Asset Management and at Blackrock in various roles, working with RIA firms to provide investment solutions and to address business issues related to growth, scale, and talent. Mr. Emken is a CFA charterholder, a CAIA charterholder, and a CIMA professional. He has been an active board member of both the CFA Society of Orange County and the CFA Society of Austin.
Join us as we examine data from past periods of volatility and discuss what it tells us about the importance of manager selection and a consistent approach in achieving long-term success for a private markets program.
Pathway is pleased to announce that Bryan Nelson and Stefan Goettl have been promoted to Director and have become owners in the firm, and that Valerie Ruddick and Matt Lugar, both Managing Directors, have been named as co-heads of Pathway’s primary investing practice.
The promotion of Bryan and Stefan brings the total number of owners of Pathway to 23. Bryan joined Pathway in 2011 and is a senior member of Pathway’s co-investment team. Stefan joined Pathway in 2010. He is a senior member of the London office and a member of Pathway’s infrastructure team and also plays a leadership role in Pathway’s ESG efforts.
Valerie joined Pathway in 1996 and is a member of various Pathway committees, including the firm’s Investment Committee, Portfolio Construction Committee, and Diversity & Inclusion Committee. Matt joined Pathway in 2002, is based in the firm’s Rhode Island office, and serves on various Pathway committees, including the Investment Committee. Valerie and Matt also co-manage the firm’s Target Funds team, which oversees Pathway’s proactive investment origination efforts.