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Fund of Funds

Pathway Capital Management

Pathway Capital Management invests in other funds rather than directly in companies. It states a focus on financial services and energy & utilities.

Disclosed holdings
Earliest stated investment
Headquarters
Stated fund size$125B+ commitments across 115+ programs

Stated investment criteria

What Pathway Capital Management says it buys

Read from Pathway Capital Management’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

People listed on its team page1621

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Pathway Capital Management to consider any particular business, and nothing on this page is represented as being for sale.

Regulatory record

How Pathway Capital Management is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$98bn
Employees248
Private funds advised103 · $43bn gross
SEC adviser numberCRD 108016

Valuation context

Transaction values in Financial Services

What companies have actually sold for in financial services, across 726 recorded transactions.

Median consideration$107m
Middle 50%$35m-$267m
Revenue multiple3.6×
EBITDA multiple9.55×

The full financial services picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other fund of funds investors active in financial services.