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Pathway is pleased to announce that is has closed on a $290 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 successful 29-year history of investing in private equity, which totals more than $92 billion in commitments. To date, Pathway has developed more than 90 customized solutions for our clients across private equity, private credit, and infrastructure mandates.

Pensions & Investments recently published a commentary on co-investments written by Pathway managing director Canyon Lew and vice president and assistant general counsel Jeff Hayes. The article discusses why it is critical for investors to understand, and evaluate, the terms of their co-investments, as well as the importance of interests being aligned with the general partner.

To learn more, please read the full article here.

Pathway is pleased to announce that Ed Hoffman has joined as a Senior Vice President in our Irvine Office, where he will be responsible for client servicing and business development across the United States.

Mr. Hoffman has extensive investment management experience that dates back more than 20 years. Prior to joining Pathway, Mr. Hoffman was a Managing Director–Senior Consultant at Verus. In that role, he worked as a strategic investment adviser to public, corporate, and Taft-Hartley pension plans, assisting them in reaching their long-term investment goals. He is a CFA charterholder and a certified Financial Risk Manager (FRM).

Pathway is pleased to announce that John Ruggieri, Mikael Sand, and Nick Siemsen have been promoted to Director and are now owners of the firm, bringing the total number of owners of Pathway to 21. As senior members of Pathway’s investment team, all three play an integral role in the firm’s new investment, monitoring, business development, and client-serving efforts.

John joined Pathway in 2010 and is a director in the Rhode Island office. Prior to joining Pathway, he worked as an investment operations analyst with John Hancock Financial Services. John received a BS in business management from Boston College and an MBA from Providence College. He is a CFA charterholder.

Mikael joined Pathway in 2008 and is a director in the London office. Prior to joining Pathway, he worked as a strategy consultant at Oliver Wyman. Mikael received an MA, with first-class honors, in economics and management from University of Oxford and is a CFA charterholder.

Nick joined Pathway in 2010 and is a director in the California office. He previously worked as a financial analyst at Raytheon Network Centric Systems. Nick received a BA in economics from the University of California, Los Angeles, and is a CFA charterholder.

Pathway Capital Management is pleased to announce that it has closed on a $1 billion private credit fund. Pathway Private Credit Fund II will provide debt financing in support of acquisition, recapitalization, refinancing, and growth capital transactions sponsored by leading private equity firms. To date, Pathway has committed more than $5.7 billion to private credit opportunities since it began investing in the asset class in 1994, and has created more than 90 customized programs for its investors since its inception. Pathway has committed more than $85 billion across a wide variety of private market strategies since its inception in 1991.

Pathway is pleased to announce that it has closed on a $380 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 that focus on both the small and middle markets globally. This fund represents a continuation of Pathway’s successful 28-year history of investing in private equity, which totals more than $84 billion in commitments. To date, Pathway has developed more than 85 customized solutions for our clients across private equity, private credit, and infrastructure mandates.

Pathway is pleased to announce that it has formed a $200 million customized co-investment fund in partnership with a U.S.-based institutional investor. The new fund will make co-investments alongside the investor’s current portfolio of private equity managers. To date, Pathway has committed more than $85 billion across a wide variety of private market strategies – including more than $3 billion in co-investments – since its inception in 1991.

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 pleased to announce that it has closed on an $878 million globally diversified fund of funds with a U.S.-based institutional investor. The fund, which will focus on making primary fund investments across a variety of private equity strategies, expands Pathway’s long-term relationship with the investor. This fund represents a continuation of Pathway’s successful 28-year history of investing in private equity, which totals more than $80 billion in commitments. To date, Pathway has developed more than 85 customized portfolios for our investors across private equity, private credit, and infrastructure mandates.