Pathway Capital Management, Lp
SEC-registered
Private Fund Manager · Large ($10B–$100B)
CRD 108016
· SEC file 801-54251
· Irvine, CA
· WWW.PATHWAYCAPITAL.COM
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ADV data as of Jun 30, 2026
- Regulatory AUM
- $97.8B
- Discretionary
- $74.2B
- Clients
- 120
- Avg AUM / client
- $815M
- Accounts
- 121
- Employees
- 248
AUM over time
$24.2B
$97.8B
Dec 2011
Jun 2026
Annual snapshots from Form ADV filings · as of Jun 30, 2026
Asset allocation (SMA assets by investment type)
as of Jun 30, 2026
Other
$97.8B
100%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 103 | $43.0B | 44.0% |
| Pension and profit sharing plans | 8 | $4.4B | 4.49% |
| State or municipal government entities | 7 | $48.8B | 49.9% |
| Insurance companies | 2 | $1.6B | 1.62% |
Private funds (92)
View all →Reported in Form ADV Section 7.B.(1), filing of Jul 2024 · $36.3B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Pathway Private Equity Fund Xxv, Lp | Private Equity Fund | Delaware | $9.1B | 2 |
| Pathway Private Equity Fund Xxiii, Lp | Private Equity Fund | Delaware | $3.2B | 3 |
| Pathway Private Equity Fund Iii Co, Lp | Private Equity Fund | Delaware | $2.6B | 2 |
| Pathway Private Credit Fund Ii, Lp | Private Equity Fund | Delaware | $1.6B | 3 |
| Pathway Private Equity Fund V E, Lp | Private Equity Fund | Delaware | $1.2B | 3 |
| Pathway Private Equity Fund V D, Lp | Private Equity Fund | Delaware | $1.1B | 3 |
| Pathway Co Investment Partners Fund V, Lp | Private Equity Fund | Delaware | $1.0B | 3 |
| Pathway Private Equity Fund Cv B, Lp | Private Equity Fund | Delaware | $938M | 3 |
| Pathway Private Equity Fund V F, Lp | Private Equity Fund | Delaware | $933M | 3 |
| Pathway Private Equity Fund Xxix, Lp | Private Equity Fund | Delaware | $887M | 3 |
| Pathway Private Equity Fund V G, Lp | Private Equity Fund | Delaware | $878M | 3 |
| Tmam/Pathway Global Opportunities Usd Fund, Lp master | Private Equity Fund | Delaware | $681M | 3 |
| Tmam/Pathway Global Opportunities Usd Fund Iii, Lp master | Private Equity Fund | Delaware | $677M | 3 |
| Pathway Private Equity Fund Xvii B, Lp | Private Equity Fund | Delaware | $670M | 5 |
| Tmam/Pathway Global Opportunities Usd Fund Ii, Lp master | Private Equity Fund | Delaware | $631M | 3 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| New York State Nurses Association Pension Plan Board Of Trustees New York State Nurses Association Pension Plan | Albany, NY | 2024 |
People (19)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Jakobi, Karen, Jane | Co Trustee Of The Revocable Living Trust Of The Jakobi Family Under A Declaration Of Trust Dated August 11, 2000 | Aug 2000 (26y) | ≈ 7.5% – 25% via Revocable Living Trust Of The Jakobi Family Under A Declaration Of Trust Dated August 11, 2000 | |
| Jakobi, William, Francis | Co Trustee Of The Revocable Living Trust Of The Jakobi Family Under A Declaration Of Trust Dated August 11, 2000 | Aug 2000 (26y) | ≈ 7.5% – 25% via Revocable Living Trust Of The Jakobi Family Under A Declaration Of Trust Dated August 11, 2000 | |
| Le Bon, Douglas, Kent | Director Of Pathway Capital Management (Uk) Limited | Aug 2005 (21y) | 10% – 25% | |
| Reinhardt, James, Herbert | Director Of Pathway Capital Management (Uk) Limited | Aug 2005 (21y) | 10% – 25% | |
| Ruddick, James, Quinlan | Co Trustee Of The James Quinlan And Valerie Alaine Ruddick Revocable Trust Under A Declaration Of Trust Dated April 5, 2007 | Apr 2007 (19y) | ≈ 0% – 5% via James Quinlan And Valerie Alaine Ruddick Revocable Trust Under A Declaration Of Trust Dated April 5, 2007 | |
| Ruddick, Valerie, Alaine | Co Trustee Of The James Quinlan And Valerie Alaine Ruddick Revocable Trust Under A Declaration Of Trust Dated April 5, 2007 | Apr 2007 (19y) | ≈ 0% – 5% via James Quinlan And Valerie Alaine Ruddick Revocable Trust Under A Declaration Of Trust Dated April 5, 2007 | |
| Mazer, Richard, Shawn | Director Of Pathway Capital Management (Hk) Limited | Feb 2012 (15y) | ≈ 3.75% – 10% via Mazer Family Revocable Living Trust Dated March 20, 2013 | |
| Casbolt, Alexander, Myranthis | Limited Partner Of Pathway Capital Management, Lp | Dec 2012 (14y) | Less than 5% | |
| Dee, Vincent, Paul | Limited Partner Of Pathway Capital Management, Lp | Dec 2012 (14y) | Less than 5% | |
| Mazer, Kanan, Patel | Co Trustee Of The Mazer Family Revocable Living Trust Dated March 20, 2013 | Mar 2013 (13y) | ≈ 3.75% – 10% via Mazer Family Revocable Living Trust Dated March 20, 2013 | |
| Tripathi, Ashok, Kumar | Senior Vice President & General Counsel | Jan 2015 (12y) | Less than 5% | |
| Le Bon, Eva, Marie | Co Trustee | Mar 2015 (11y) | ≈ 7.5% – 25% via Douglas & Eva Le Bon Trust Dated March 9, 2015 | |
| Reinhardt, Suzanne, Martinez | Co Trustee | Aug 2015 (11y) | ≈ 7.5% – 25% via Reinhardt Family Trust, U/D/T Dated August 3, 2015 | |
| Chambliss, James, Randolph | Co Trustee Of The Chambliss Family Revocable Living Trust | Dec 2016 (10y) | ≈ 3.75% – 10% via Chambliss Family Revocable Living Trust | |
| Chambliss, Kelly, Lynn | Co Trustee | Dec 2016 (10y) | ≈ 3.75% – 10% via Chambliss Family Revocable Living Trust | |
| Lau, Simon, Yat Sing | Director Of Pathway Capital Management (Hk) Limited | Dec 2018 (8y) | Less than 5% | |
| Brewster, Benjamin, Scott | Chief Financial Officer Corporate | May 2023 (3y) | Less than 5% | |
| Nicolas, Raquel, Jane | Chief Financial Officer Fund Accounting & Operations | May 2023 (3y) | Less than 5% | |
| Hochman, Stefanie, Ann | Chief Compliance Officer | Jan 2024 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Pathway Capital Management, Lp | Direct Owner Of Pathway Capital Management (Hk) Limited And Pathway Capital Management (Uk) Limited | Dec 2012 | A | 75% or more |
| Revocable Living Trust Of The Jakobi Family Under A Declaration Of Trust Dated August 11, 2000 | Limited Partner Of Pathway Capital Management, Lp | Dec 2012 | A | 10% – 25% |
| Douglas & Eva Le Bon Trust Dated March 9, 2015 | Limited Partner Of Pathway Capital Management, Lp | Sep 2015 | A | 10% – 25% |
| Reinhardt Family Trust, U/D/T Dated August 3, 2015 | Limited Partner Of Pathway Capital Management, Lp | Nov 2015 | A | 10% – 25% |
| Mazer Family Revocable Living Trust Dated March 20, 2013 | Limited Partner Of Pathway Capital Management, Lp | May 2013 | A | 5% – 10% |
| Chambliss Family Revocable Living Trust | Limited Partner Of Pathway Capital Management, Lp | Dec 2016 | A | 5% – 10% |
| James Quinlan And Valerie Alaine Ruddick Revocable Trust Under A Declaration Of Trust Dated April 5, 2007 | Limited Partner Of Pathway Capital Management, Lp | Dec 2012 | A | Less than 5% |
| Pathway Capital Management Gp Llc | General Partner Of Pathway Capital Management, Lp | Dec 2012 | A | Less than 5% |
| Revocable Living Trust Of The Jakobi Family Under A Declaration Of Trust Dated August 11, 2000 | Indirect Owner Of Relying Advisors | Dec 2012 | B | GP / trustee / elected manager of Pathway Capital Management, Lp (indirect) |
| James Quinlan And Valerie Alaine Ruddick Revocable Trust Under A Declaration Of Trust Dated April 5, 2007 | Indirect Owner Of Relying Advisors | Dec 2012 | B | GP / trustee / elected manager of Pathway Capital Management, Lp (indirect) |
| Mazer Family Revocable Living Trust Dated March 20, 2013 | Indirect Owner Of Relying Advisors | May 2013 | B | GP / trustee / elected manager of Pathway Capital Management, Lp (indirect) |
| Douglas & Eva Le Bon Trust Dated March 9/2015 | Indirect Owner Of Relying Advisors | Sep 2015 | B | GP / trustee / elected manager of Pathway Capital Management, Lp (indirect) |
| Reinhardt Family Trust, U/D/T Dated August 3, 2015 | Indirect Owner Of Relying Advisors | Nov 2015 | B | GP / trustee / elected manager of Pathway Capital Management, Lp (indirect) |
| Chambliss Family Revocable Living Trust | Indirect Owner Of Relying Advisors | Dec 2016 | B | GP / trustee / elected manager of Pathway Capital Management, Lp (indirect) |
Estimated effective ownership (look-through of filed bands):
- Jakobi, Karen, Jane: 75% – 100% of Revocable Living Trust Of The Jakobi Family Under A Declaration Of Trust Dated August 11, 2000 × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Jakobi, William, Francis: 75% – 100% of Revocable Living Trust Of The Jakobi Family Under A Declaration Of Trust Dated August 11, 2000 × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Ruddick, James, Quinlan: 75% – 100% of James Quinlan And Valerie Alaine Ruddick Revocable Trust Under A Declaration Of Trust Dated April 5, 2007 × 0% – 5% direct ≈ 0% – 5% of the firm
- Ruddick, Valerie, Alaine: 75% – 100% of James Quinlan And Valerie Alaine Ruddick Revocable Trust Under A Declaration Of Trust Dated April 5, 2007 × 0% – 5% direct ≈ 0% – 5% of the firm
- Mazer, Richard, Shawn: 75% – 100% of Mazer Family Revocable Living Trust Dated March 20, 2013 × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Mazer, Kanan, Patel: 75% – 100% of Mazer Family Revocable Living Trust Dated March 20, 2013 × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Le Bon, Eva, Marie: 75% – 100% of Douglas & Eva Le Bon Trust Dated March 9, 2015 × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Reinhardt, Suzanne, Martinez: 75% – 100% of Reinhardt Family Trust, U/D/T Dated August 3, 2015 × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Chambliss, James, Randolph: 75% – 100% of Chambliss Family Revocable Living Trust × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Chambliss, Kelly, Lynn: 75% – 100% of Chambliss Family Revocable Living Trust × 5% – 10% direct ≈ 3.75% – 10% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (92, $36.3B gross assets)
Top 25 of 92 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| New York State Nurses Association Pension Plan | Board Of Trustees New York State Nurses Association Pension Plan | 22,140 | $5.9B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/30/2026 | 25.4 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 30, 2026.
View current Form ADV (SEC/IAPD) ↗