Asset manager · Irvine, CA
Pathway Capital Management, LP
SEC-registered investment adviser · CRD 108016 · SEC 801-54251
At a glance
Pathway Capital Management, LP is an SEC-registered investment adviser based in Irvine, California, with $97.8 billion in regulatory assets under management as of its Form ADV filed June 30, 2026. Its largest client group by assets is state or municipal government entities. By Form ADV it is a asset manager, ranked 136th of 3,218 asset managers and 265th of 17,210 SEC-registered advisers by assets.
Main office 949-622-1000pathwaycapital.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $98B
- Rank among asset managers
- #136 of 3,218
- Rank among all SEC RIAs
- #265 of 17,210
- Rank in California
- #24 of 1,873
- Clients
- 120
- Accounts
- 121
- Discretionary
- 76% of AUM
- Employees
- 248
- Advisory staff
- 88
- Offices
- 5
Owners and executives on its Form ADV
- Ashok K. TripathiSenior Vice President & General Counsel
- Benjamin S. BrewsterChief Financial Officer - Corporate
- Raquel J. NicolasChief Financial Officer - Fund Accounting & Operations
- Stefanie A. HochmanChief Compliance Officer
Custody and brokerage
Custodian
Pathway Capital Management, LP’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| State or municipal government entities | 7 | $49B | 50% |
| Pooled investment vehicles | 103 | $43B | 44% |
| Pension and profit sharing plans | 8 | $4.4B | 4% |
| Insurance companies | 2 | $1.6B | 2% |
Private funds
Pathway Capital Management, LP reports 103 private funds with $43B in gross assets: private equity funds (Form ADV Item 7.B).
Disciplinary disclosures
Pathway Capital Management, LP reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗pathwaycapital.com ↗
AtlasMembers
The full record on Pathway Capital Management, LP
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 218 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Pathway Capital Management, LP manage?
Pathway Capital Management, LP reports $97.8 billion in regulatory assets under management across 121 accounts, 76% of it on a discretionary basis, on its Form ADV filed June 30, 2026.
What kind of firm is Pathway Capital Management, LP?
Pathway Capital Management, LP is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are Pathway Capital Management, LP’s clients?
By assets, its largest client types are state or municipal government entities ($48.8 billion, 7 clients); pooled investment vehicles ($43.0 billion, 103 clients); pension and profit sharing plans ($4.4 billion, 8 clients).
Does Pathway Capital Management, LP manage private funds?
Yes. It reports 103 private funds with $42.9 billion in gross assets, including private equity funds.
Does Pathway Capital Management, LP have any disciplinary history?
Pathway Capital Management, LP reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Pathway Capital Management, LP’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-06-30), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →