Pathway Capital Management
Fund of fundsIrvine · Growth
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Investment thesis
Pathway specializes in private markets investing on behalf of institutional and high-net-worth investors worldwide. Its team constructs customized private equity portfolios, having developed over 115 tailored programs representing more than $125 billion in commitments. The firm also manages multi-investor funds of funds. Pathway emphasizes deep, long-tenured expertise, with its directors averaging 21 years of private equity experience and low turnover, positioning itself as a trusted, experienced allocator in the private markets space.
Source: firm website, verified Sep 29, 2026.
Fund performance · per public LP disclosures · 22
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Pathway Private Equity Fund III-Co Series FLPs: Oregon Public Employees Retirement System | 2024 | — | — | 1.26x | 0.01x |
| Pathway Private Equity Fund III-Co Series ELPs: Oregon Public Employees Retirement System | 2022 | — | — | 1.24x | 0.02x |
| Pathway Private Equity Fund III-Co Series DLPs: Oregon Public Employees Retirement System | 2021 | — | 8.2% | 1.27x | 0.08x |
| Pathway Private Equity Fund III-Co Series CLPs: Oregon Public Employees Retirement System | 2020 | — | 13.9% | 1.68x | 0.38x |
| Pathway Private Equity Fund Investors 10LPs: Tulare County Employees' Retirement Association | 2020 | — | 9.4% | 1.29x | 0.00x |
| Pathway Private Equity Fund III-CoLPs: Oregon Public Employees Retirement System | 2019 | — | 13.7% | 1.30x | 0.11x |
| Pathway Private Equity Fund III-Co Series ALPs: Oregon Public Employees Retirement System | 2019 | — | 11.6% | 1.74x | 0.51x |
| Pathway Private Equity Fund III-Co Series BLPs: Oregon Public Employees Retirement System | 2019 | — | 6.3% | 1.31x | 0.29x |
| Pathway Private Equity Fund Investors 9LPs: Tulare County Employees' Retirement Association | 2017 | — | 16.0% | 1.92x | 0.01x |
| Pathway Private Equity Fund Investors 8LPs: Tulare County Employees' Retirement Association | 2016 | — | 16.6% | 2.13x | 0.01x |
| Pathway SBCERA MCALPs: San Bernardino County Employees Retirement Association | 2014 | — | 16.9% | — | 2.43x |
| PathwayLPs: Contra Costa County Employees' Retirement Association | 2011 | — | 13.5% | 2.08x | 1.80x |
| Pathway Private Equity Fund III-BLPs: Oregon Public Employees Retirement System | 2008 | — | 15.3% | 2.13x | 1.84x |
| Pathway Private Equity Fund XVIII, LLCLPs: Nebraska Investment Council | 2006 | — | 8.6% | 1.61x | 1.59x |
| Pathway Private Equity Fund VII, L.P.LPs: San Bernardino County Employees Retirement Association, Contra Costa County Employees' Retirement Association | 2004 | — | — | 2.12x | 1.59x |
| Pathway Private Equity Fund IIILPs: Oregon Public Employees Retirement System | 2001 | — | 7.9% | 1.54x | 1.50x |
| Pathway PortfolioLPs: Washington State Investment Board | 1997 | — | 11.5% | 1.80x | 1.67x |
| Pathway - McaLPs: San Bernardino County Employees Retirement Association | — | — | 15.4% | — | — |
| Pathway - Ppef VIILPs: San Bernardino County Employees Retirement Association | — | — | 6.3% | — | — |
| Pathway Private Equity Fund 2008LPs: Contra Costa County Employees' Retirement Association | — | — | — | 2.15x | 1.90x |
| Pathway Private Equity Fund 8LPs: Contra Costa County Employees' Retirement Association | — | — | — | 2.25x | 1.26x |
| Pathway Private Equity Fund LlcLPs: Contra Costa County Employees' Retirement Association | — | — | — | 1.52x | 1.51x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Pathway Capital Management invest at?
- Pathway Capital Management invests at the Growth stage.
- What sectors does Pathway Capital Management focus on?
- Pathway Capital Management focuses on Sector Agnostic.
- Where is Pathway Capital Management located?
- Pathway Capital Management is headquartered in Irvine, US.
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