DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Pathway Capital Management, LP

Other adviserIrvine, CaliforniaCRD 108016SEC 801-54251websiteIAPD
Latest filing Jun 30, 2026
First filing on the tape Feb 28, 2012 · 44 filings
SEC status approved since Apr 11, 1997
RAUM
$98B
reported, Item 5.F
Discretionary
76%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
248
88 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
103
reported on Schedule D
History
44 filings and snapshots on the tape
RAUM$98B as of Jun 30, 2026
Mar 23, 2012$24B then
HNW client RAUM$0 as of Jun 30, 2026
Mar 28, 2018$0 then
State-registered IARs (5.B.3)0 as of Jun 30, 2026
Mar 23, 20120 then
Employees (5.A)248 as of Jun 30, 2026
Mar 27, 2013111 then
Private funds103 as of Jun 30, 2026
Mar 23, 201241 then
RAUM +5.2% over the last fiscal year+3.6% a year over threeIARs 0 to 0offices 3 to 4
Practice profile
derived from the filing of Jun 30, 2026; every figure names its basis
Archetypes, each a printed rule
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$808MderivedRAUM over accounts (5.F.2.f)
Discretionary
76%derivedof RAUM
Institutional
56%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived5 offices incl. principal (1.F.5)
RAUM growth, one year
+5.2%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • State and municipal entities$49B50%
  • Pooled investment vehicles$43B44%
  • Pension and profit-sharing plans$4.4B4.5%
  • Insurance companies$1.6B1.6%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
8reported
Charitable clients
0reported
Accounts
121reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.0 fund_share=0.44 institutional_share=0.56 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      93 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Pathway Private Equity Fund Xxv, LPPrivate Equity Fund$9.1B2Mar 21, 2014
      Pathway Private Equity Fund Xxiii, LPPrivate Equity Fund$3.2B3Feb 28, 2012
      Pathway Private Equity Fund III - Co, LPPrivate Equity Fund$2.6B2Mar 26, 2020
      Pathway Private Credit Fund II, LPPrivate Equity Fund$1.6B3Mar 26, 2020
      Pathway Private Equity Fund V-E, LPPrivate Equity Fund$1.2B3Mar 31, 2017
      Pathway Private Equity Fund V-D, LPPrivate Equity Fund$1.1B3Mar 27, 2013
      Pathway Co-Investment Partners Fund V, LPPrivate Equity Fund$1.0B3Mar 30, 2022
      Pathway Private Equity Fund Cv-B, LPPrivate Equity Fund$938M3Mar 27, 2019
      Pathway Private Equity Fund V-F, LPPrivate Equity Fund$933M3Mar 26, 2020
      Pathway Private Equity Fund Xxix, LPPrivate Equity Fund$887M3Mar 27, 2019
      Pathway Private Equity Fund V-G, LPPrivate Equity Fund$878M3Mar 30, 2023
      Tmam/Pathway Global Opportunities Usd Fund, LPPrivate Equity Fund$681M3Mar 31, 2017
      Tmam/Pathway Global Opportunities Usd Fund III, LPPrivate Equity Fund$677M3Mar 27, 2019
      Pathway Private Equity Fund Xvii-B, LPPrivate Equity Fund$670M5Mar 26, 2020
      Tmam/Pathway Global Opportunities Usd Fund II, LPPrivate Equity Fund$631M3Mar 28, 2018
      Pathway Private Equity Fund Investors 8, LPPrivate Equity Fund$548M15Jul 6, 2015
      Gateway Private Equity Fund-B, LPPrivate Equity Fund$474M3Mar 30, 2016
      Pathway Private Equity Fund Investors 9, LPPrivate Equity Fund$416M16Mar 28, 2018
      Pathway Private Equity Fund Xxxi Co-Invest, LPPrivate Equity Fund$407M2Mar 26, 2020
      Tmam/Pathway Global Opportunities Usd Fund IV, LPPrivate Equity Fund$405M3Mar 26, 2020
      Pathway/Ak Credit Co-Investment Fund, LPPrivate Equity Fund$387M3Mar 27, 2019
      Pathway Private Equity Fund Investors 10, LPPrivate Equity Fund$365M14Mar 26, 2020
      Tmam/Pathway Global Opportunities Usd Fund Vi, LPPrivate Equity Fund$351M3Mar 30, 2022
      Pathway Private Equity Fund Xx-A, LPPrivate Equity Fund$345M3Mar 27, 2019
      Pathway Private Equity Fund Cv-A, LPPrivate Equity Fund$316M2Mar 21, 2014
      Pathway Private Equity Fund Investors 7, LPPrivate Equity Fund$308M13Mar 27, 2013
      Pathway Private Equity Fund V-C, LPPrivate Equity Fund$294M3Feb 28, 2012
      Pathway Private Equity Fund Xxx - Fi, LPPrivate Equity Fund$287M5Mar 26, 2020
      Tmam/Pathway Global Opportunities Usd Fund V, LPPrivate Equity Fund$273M3Mar 30, 2021
      Pathway Private Equity Fund Investors 11, LPPrivate Equity Fund$273M21Mar 30, 2023
      Pathway Private Equity Fund Vii, LLCPrivate Equity Fund$265M3Feb 28, 2012
      Pathway Private Equity Fund Xvii, LPPrivate Equity Fund$240M4Feb 28, 2012
      Pathway Private Equity Fund III-B, LPPrivate Equity Fund$235M3Feb 28, 2012
      Pathway Strategic Credit Fund III, LPPrivate Equity Fund$217M3Mar 30, 2022
      Tmam/Pathway Global Opportunities Usd Fund Vii, LPPrivate Equity Fund$204M3Mar 30, 2023
      Pathway Private Equity Fund Xxv-B, LPPrivate Equity Fund$204M2Mar 30, 2023
      Gateway Private Equity Fund, LPPrivate Equity Fund$202M3Feb 28, 2012
      Pathway Private Equity Fund Xxviii, LPPrivate Equity Fund$199M3Mar 28, 2018
      Tmam/Pathway Global Opportunities Usd Fund Viii, LPPrivate Equity Fund$186M3Mar 29, 2024
      Pathway Private Equity Fund Investors 6, LPPrivate Equity Fund$184M12Feb 28, 2012
      All funds of Pathway Capital Management, LP
      Owners and control persons
      Schedule A and B, latest filing
      • Jane Karen Jakobi · Managing Member Of Pathway Capital Management Gp LLCcontrol
        since 12/2012 · owns 10% to 25%
      • Francis William Jakobi · Co-Trustee Of The Revocable Living Trust Of The Jakobi Family Under A Declaration Of Trust Dated August 11, 2000control
        since 08/2000 · owns 10% to 25%
      • Kent Douglas Le Bon · Director Of Pathway Capital Management (Uk) Limitedcontrol
        since 08/2005 · owns 10% to 25%
      • Marie Eva Le Bon · Co-Trustee Of The Douglas & Eva Le Bon Trust Dated March 9, 2015control
        since 03/2015 · owns 10% to 25%
      • Herbert James Reinhardt · Co-Trustee Of Reinhardt Family Trust, U/D/T Dated August 3, 2015control
        since 08/2015 · owns 10% to 25%
      • Martinez Suzanne Reinhardt · Co-Trustee Of The Reinhardt Family Trust, U/D/T Dated August 3,2015control
        since 08/2015 · owns 10% to 25%
      • Jane Karen Jakobi · Co-Trusteecontrol
        since 08/2000 · owns 75% or more of Revocable Living Trust Of The Jakobi Family Under A Declaration Of Trust Dated August 11, 2000
      • Francis William Jakobi · Co-Trusteecontrol
        since 08/2000 · owns 75% or more of Revocable Living Trust Of The Jakobi Family Under A Declaration Of Trust Dated August 11, 2000
      • Kent Douglas Le Bon · Indirect Owner Of Pathway Capital Management, LPcontrol
        since 12/2012 · owns F of Pathway Capital Management, LP
      • Kent Douglas Le Bon · Co-Trusteecontrol
        since 03/2015 · owns 75% or more of Douglas & Eva Le Bon Trust Dated March 9, 2015
      • Marie Eva Le Bon · Co-Trusteecontrol
        since 09/2015 · owns 75% or more of Douglas & Eva Le Bon Trust Dated March 9, 2015
      • Herbert James Reinhardt · Indirect Owner Of Pathway Capital Management, LPcontrol
        since 12/2012 · owns F of Pathway Capital Management, LP
      • Herbert James Reinhardt · Co-Trusteecontrol
        since 08/2015 · owns 75% or more of Reinhardt Family Trust, U/D/T Dated August 3, 2015
      • Martinez Suzanne Reinhardt · Co-Trusteecontrol
        since 08/2015 · owns 75% or more of Reinhardt Family Trust, U/D/T Dated August 3, 2015
      • Scott Benjamin Brewster · Chief Financial Officer - Corporate
        since 05/2023 · owns less than 5%
      • Myranthis Alexander Casbolt · Director Of Pathway Capital Management (Uk) Limited
        since 12/2019 · owns less than 5%
      • Randolph James Chambliss · Co-Trustee Of The Chambliss Family Revocable Living Trust
        since 12/2016 · owns 5% to 10%
      • Lynn Kelly Chambliss · Co-Trustee Of The Chambliss Family Revocable Living Trust
        since 12/2016 · owns 5% to 10%
      • Paul Vincent Dee · Limited Partner Of Pathway Capital Management, LP
        since 12/2012 · owns less than 5%
      • Ann Stefanie Hochman · Chief Compliance Officer
        since 01/2024 · owns less than 5%
      • Yat-Sing Simon Lau · Director Of Pathway Capital Management (Hk) Limited
        since 12/2018 · owns less than 5%
      • Patel Kanan Mazer · Co-Trustee Of The Mazer Family Revocable Living Trust Dated March 20, 2013
        since 03/2013 · owns 5% to 10%
      • Shawn Richard Mazer · Co-Trustee Of The Mazer Family Revocable Living Trust Dated March 20, 2013
        since 03/2013 · owns 5% to 10%
      • Jane Raquel Nicolas · Chief Financial Officer - Fund Accounting & Operations
        since 05/2023 · owns less than 5%
      • Quinlan James Ruddick · Co-Trustee Of The James Quinlan And Valerie Alaine Ruddick Revocable Trust Under A Declaration Of Trust Dated April 5, 2007
        since 04/2007 · owns less than 5%
      • Alaine Valerie Ruddick · Co-Trustee Of The James Quinlan And Valerie Alaine Ruddick Revocable Trust Under A Declaration Of Trust Dated April 5, 2007
        since 04/2007 · owns less than 5%
      • Kumar Ashok Tripathi · Senior Vice President & General Counsel
        since 01/2015 · owns less than 5%
      • Randolph James Chambliss · Co-Trustee
        since 12/2016 · owns 75% or more of Chambliss Family Revocable Living Trust
      • Lynn Kelly Chambliss · Co-Trustee
        since 12/2016 · owns 75% or more of Chambliss Family Revocable Living Trust
      • Patel Kanan Mazer · Co-Trustee
        since 03/2013 · owns 75% or more of Mazer Family Revocable Living Trust Dated March 20, 2013
      Entity owners
      • Douglas & Eva Le Bon Trust Dated March 9, 2015 · Limited Partner Of Pathway Capital Management, LP
        direct · owns 10% to 25%
      • Pathway Capital Management Gp LLC · General Partner Of Pathway Capital Management, LP
        direct · owns less than 5%
      • Pathway Capital Management, LP · Direct Owner Of Pathway Capital Management (Hk) Limited And Pathway Capital Management (Uk) Limited
        direct · owns 75% or more
      • Reinhardt Family Trust, U/D/T Dated August 3, 2015 · Limited Partner Of Pathway Capital Management, LP
        direct · owns 10% to 25%
      • Revocable Living Trust Of The Jakobi Family Under A Declaration Of Trust Dated August 11, 2000 · Limited Partner Of Pathway Capital Management, LP
        direct · owns 10% to 25%
      • Chambliss Family Revocable Living Trust · Limited Partner Of Pathway Capital Management, LP
        direct · owns 5% to 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
        direct · owns less than 5%
      • Mazer Family Revocable Living Trust Dated March 20, 2013 · Limited Partner Of Pathway Capital Management, LP
        direct · owns 5% to 10%
      • Chambliss Family Revocable Living Trust · Indirect Owner Of Relying Advisors
        indirect · owns F of Pathway Capital Management, LP
      • Douglas & Eva Le Bon Trust Dated March 9/2015 · Indirect Owner Of Relying Advisors
        indirect · owns F of Pathway Capital Management, LP
      • James Quinlan And Valerie Alaine Ruddick Revocable Trust Under A Declaration Of Trust Dated April 5, 2007 · Indirect Owner Of Relying Advisors
        indirect · owns F of Pathway Capital Management, LP
      • Mazer Family Revocable Living Trust Dated March 20, 2013 · Indirect Owner Of Relying Advisors
        indirect · owns F of Pathway Capital Management, LP
      • Reinhardt Family Trust, U/D/T Dated August 3, 2015 · Indirect Owner Of Relying Advisors
        indirect · owns F of Pathway Capital Management, LP
      • Revocable Living Trust Of The Jakobi Family Under A Declaration Of Trust Dated August 11, 2000 · Indirect Owner Of Relying Advisors
        indirect · owns F of Pathway Capital Management, LP
      Related persons
      Schedule D 7.A
      • Ak Credit Opportunities Management LLC
        pooled vehicle sponsory
      • Pathway Capital Management (Europe) Limited
        investment advisery
      • Pathway Capital Management (Hk) Limited
        investment advisery
      • Pathway Capital Management (Uk) Limited
        investment advisery
      • Pathway/Ak Credit Co-Investment Gp LLC
        pooled vehicle sponsory
      • Pcif Management (Cayman) LLC
        pooled vehicle sponsory
      • Pcif Management II, LLC
        pooled vehicle sponsory
      • Pcif Management LLC
        pooled vehicle sponsory
      • Pcof Management II LLC
        pooled vehicle sponsory
      • Pcpf Vi Management LLC
        pooled vehicle sponsory
      • Pdif Management II LLC
        pooled vehicle sponsory
      • Pgof Management II LLC
        pooled vehicle sponsory
      • Pmof Management II LLC
        pooled vehicle sponsory
      • Posf Management II LLC
        pooled vehicle sponsory
      • Ppcf Management LLC
        pooled vehicle sponsory
      • Ppef Management 2007 LLC
        pooled vehicle sponsory
      • Ppef Management 2008 LLC
        pooled vehicle sponsory
      • Ppef Management III LLC
        pooled vehicle sponsory
      • Ppef Management III-Co LLC
        pooled vehicle sponsory
      • Ppef Management Investors 10 (Cayman), LLC
        pooled vehicle sponsory
      • Ppef Management Investors 10 LLC
        pooled vehicle sponsory
      • Ppef Management Investors 10-II LLC
        pooled vehicle sponsory
      • Ppef Management Investors 11 LLC
        pooled vehicle sponsory
      • Ppef Management Investors 6 LLC
        pooled vehicle sponsory
      • Ppef Management Investors 6-II LLC
        pooled vehicle sponsory
      • Ppef Management Investors 7 (Cayman) LLC
        pooled vehicle sponsory
      • Ppef Management Investors 7 LLC
        pooled vehicle sponsory
      • Ppef Management Investors 8 (Cayman), LLC
        pooled vehicle sponsory
      • Ppef Management Investors 8-II LLC
        pooled vehicle sponsory
      • Ppef Management Investors 8, LLC
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      • London, United Kingdom10 employees
      • Providence, RI7 employees
      • Central, Hong Kong, China6 employees
      What changed
      consecutive filings, newest first
      • Accounts · 115 to 121
        Oct 14, 2025 to Mar 31, 2026
      • Advisory employees · 83 to 88
        Oct 14, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 98 to 103
        Oct 14, 2025 to Mar 31, 2026
      • Assets in custody · $33B to $36B
        Oct 14, 2025 to Mar 31, 2026
      • Employees · 241 to 248
        Oct 14, 2025 to Mar 31, 2026
      • Other offices · 3 to 4
        Oct 14, 2025 to Mar 31, 2026
      • Private funds · 98 to 103
        Oct 14, 2025 to Mar 31, 2026
      • Discretionary RAUM · $70B to $74B
        Oct 14, 2025 to Mar 31, 2026
      • Non-discretionary RAUM · $23B to $24B
        Oct 14, 2025 to Mar 31, 2026
      • Pension RAUM · $4.4B to $4.4B
        Oct 14, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $41B to $43B
        Oct 14, 2025 to Mar 31, 2026
      • RAUM · $93B to $98B
        Oct 14, 2025 to Mar 31, 2026
      • Financial planning clients · unset to
        Mar 31, 2025 to May 6, 2025
      • Accounts · 109 to 115
        Jul 5, 2024 to Mar 31, 2025
      • Advisory employees · 70 to 83
        Jul 5, 2024 to Mar 31, 2025
      • Pension plan clients · 10 to 8
        Jul 5, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 92 to 98
        Jul 5, 2024 to Mar 31, 2025
      • Assets in custody · $33B to $33B
        Jul 5, 2024 to Mar 31, 2025
      • Employees · 235 to 241
        Jul 5, 2024 to Mar 31, 2025
      • Private funds · 92 to 98
        Jul 5, 2024 to Mar 31, 2025
      • Discretionary RAUM · $65B to $70B
        Jul 5, 2024 to Mar 31, 2025
      • Non-discretionary RAUM · $23B to $23B
        Jul 5, 2024 to Mar 31, 2025
      • Pension RAUM · $4.3B to $4.4B
        Jul 5, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $37B to $41B
        Jul 5, 2024 to Mar 31, 2025
      • RAUM · $88B to $93B
        Jul 5, 2024 to Mar 31, 2025
      • Accounts · 107 to 109
        Feb 16, 2024 to Mar 29, 2024
      • Advisory employees · 68 to 70
        Feb 16, 2024 to Mar 29, 2024
      • Pooled vehicle clients · 88 to 92
        Feb 16, 2024 to Mar 29, 2024
      • Assets in custody · $32B to $33B
        Feb 16, 2024 to Mar 29, 2024
      • Employees · 233 to 235
        Feb 16, 2024 to Mar 29, 2024
      • Private funds · 89 to 92
        Feb 16, 2024 to Mar 29, 2024
      • Discretionary RAUM · $64B to $65B
        Feb 16, 2024 to Mar 29, 2024
      • Non-discretionary RAUM · $24B to $23B
        Feb 16, 2024 to Mar 29, 2024
      • Pension RAUM · $4.4B to $4.3B
        Feb 16, 2024 to Mar 29, 2024
      • Pooled vehicle RAUM · $36B to $37B
        Feb 16, 2024 to Mar 29, 2024
      • RAUM · $88B to $88B
        Feb 16, 2024 to Mar 29, 2024
      • Accounts · 103 to 107
        Oct 7, 2022 to Mar 30, 2023
      • Advisory employees · 57 to 68
        Oct 7, 2022 to Mar 30, 2023
      • Pension plan clients · 12 to 10
        Oct 7, 2022 to Mar 30, 2023
      • Pooled vehicle clients · 82 to 88
        Oct 7, 2022 to Mar 30, 2023
      Signals
      2 dated events
      • Pathway Capital Management, Lp reported RAUM $80.1B, up 30% from $61.5B (2020-05-21 to 2021-03-30)
        Mar 30, 2021 · RAUM change · derived
      • Pathway Capital Management Llc reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Dec 19, 2012 · Succession (Item 4) · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Website
      PATHWAYCAPITAL.COMreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      949-622-1000reportedpublic record, Form ADV, Jun 30, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Other adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026