Category: Uncategorized

Pathway is pleased to announce that Jason Jenkins, Canyon Lew, Matthew Lugar, Derrek Ransford, and Pete Veravanich have been promoted to Managing Directors. As Managing Directors, they are responsible for investment analysis and due diligence, negotiating and reviewing investment vehicle documents, and client servicing. Additionally, they serve on the advisory boards of several private market partnerships.

Prior to joining Pathway in 2004, Jason worked as a transitions associate at State Street IMS. He received a BS in finance from Northern Arizona University and an MBA, with a concentration in finance, from California Polytechnic University. Jason is a CFA charterholder and a member of the CFA Society of Los Angeles, Inc.

Canyon joined Pathway in 2004 and previously worked for Fleet Fund Investors as an associate. He received an AB in economics and engineering from Brown University and an MS in investment management from Boston University.

Prior to joining Pathway in 2002, Matthew worked as an analyst with Allied Financial Services. He received a BA in business administration from Azusa Pacific University and an MBA from the Paul Merage School of Business at the University of California, Irvine.

Prior to joining Pathway in 2002, Derrek worked at Deloitte & Touche as an auditor and at Arthur Andersen as a financial analyst. He received a BA in business economics, with an emphasis in accounting, from the University of California, Santa Barbara. He is a CFA charterholder and a certified public accountant (inactive).

Pete joined Pathway in 2000 and previously worked at Pacific Investment Management Company as a performance associate. He received a BA in economics from the University of California, Los Angeles and an MBA from the University of Southern California.

Pathway is pleased to announce that in late December it held a final close for Pathway Secondaries Fund, LP (“PSF”), on $100 million from a single institutional investor. PSF will focus on identifying and investing in secondary interests of funds managed by high-quality private market managers across a range of strategies, regions, and vintage years. The fund represents an extension of Pathway’s successful 13-year track record of purchasing secondary interests in buyout, special situation, debt-related, and venture capital funds around the globe. The fundraising capped an active 2016 for Pathway, during which the firm committed $3.9 billion to private market primaries and secondaries and $350 million to 12 co-investments.

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.