{"url":"https://nivawealth.com/firms/pathway-capital-management-108016","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/108016","regulatoryAum":97818354930,"crd":"108016","secFileNumber":"801-54251","legalName":"Pathway Capital Management, LP","displayName":"Pathway Capital Management","website":"http://www.pathwaycapital.com","founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"December","headquarters":{"street":"18575 Jamboree Road, 7th Floor","city":"Irvine","state":"CA","stateName":"California","country":"United States","postalCode":"92612"},"tradeNames":[],"registration":{"secApproved":"11 April 1997","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":248,"advisory":88,"brokerDealerReps":0,"insuranceAgents":0,"promoters":5},"aum":{"discretionary":74171669862,"discretionaryAccounts":111,"nonDiscretionary":23646685068,"nonDiscretionaryAccounts":10,"wrapProgram":null,"nonUsClientsPct":21,"nonAumClients":1},"clientTypes":[{"label":"Pooled investment vehicles","clients":103,"regulatoryAum":43043498382},{"label":"Pension and profit-sharing plans","clients":8,"regulatoryAum":4387513998},{"label":"State or municipal government entities","clients":7,"regulatoryAum":48803432200},{"label":"Insurance companies","clients":2,"regulatoryAum":1583910350}],"fees":[],"feeNotes":[],"custodians":[],"custodyNote":"Pathway Capital Management has custody of $36.35B for 31 clients.","otherCustodians":[],"leadership":[{"name":"Ashok Tripathi","title":"Senior Vice President & General Counsel","crd":"6456397"},{"name":"Benjamin Brewster","title":"Chief Financial Officer - Corporate","crd":"7799599"},{"name":"Raquel Nicolas","title":"Chief Financial Officer - Fund Accounting & Operations","crd":"7799841"},{"name":"Stefanie Hochman","title":"Chief Compliance Officer","crd":"4853875"}],"ownership":[{"label":"Clearlake Capital Group, L.P.","detail":"Limited partner in the 75% or more ownership band and a control person, since June 2026. Also a member of Pathway Capital Management GP LLC in the 75% or more band and a control person, since June 2026."},{"label":"Jose Feliciano","detail":"Indirect owner: a member of CCG Global, LLC in the 50% to 75% band and a control person, since December 2018.","parent":"CCG Global, LLC"},{"label":"Behdad Eghbali","detail":"Indirect owner: a member of CCG Global, LLC in the 25% to 50% band and a control person, since December 2018.","parent":"CCG Global, LLC"},{"label":"CCG Operations, LLC","detail":"Indirect owner: a managing member of Clearlake Capital Group GP, LLC in the 75% or more band and a control person, since April 2017. Also a limited partner of Clearlake Capital Parent Holdings, L.P. in the 50% to 75% band and a control person, since December 2024.","parent":"Clearlake Capital Group GP, LLC"},{"label":"CCG Global, LLC","detail":"Indirect owner: a member of CCG Operations, LLC in the 75% or more band and a control person, since December 2018.","parent":"CCG Operations, LLC"},{"label":"Clearlake Capital Parent Holdings, L.P.","detail":"Indirect owner: a limited partner of Clearlake Capital Holdings, L.P. in the 75% or more band and a control person, since December 2024.","parent":"Clearlake Capital Holdings, L.P."},{"label":"Clearlake Capital Group GP, LLC","detail":"Indirect owner: general partner of Clearlake Capital Holdings, L.P. and a control person, since October 2025. Also general partner of Clearlake Capital Parent Holdings, L.P. and a control person, since August 2024. Also general partner of Clearlake Capital Group, L.P. and a control person, since April 2017.","parent":"Clearlake Capital Holdings, L.P."},{"label":"Clearlake Capital Holdings, L.P.","detail":"Indirect owner: a limited partner of Clearlake Capital Group, L.P. in the 75% or more band and a control person, since December 2024.","parent":"Clearlake Capital Group, L.P."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":4,"privateResidences":0},"listedOfficeAddresses":2,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"18575 Jamboree Road, 7th Floor","city":"Irvine","headquarters":true}]},{"state":"Rhode Island","offices":1,"addresses":[{"street":"500 Exchange Street","city":"Providence"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"949-622-1000","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Other","percent":100,"detail":"Interests in Private Market Partnerships and Co-Investments"}],"privateFunds":103},"sources":{"adv1FilingDate":"30 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/108016/PDF/108016.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Pathway Capital Management have?","answer":"Pathway Capital Management has 120 clients and manages $97.8 billion for them, as of June 2026. They include 103 pooled investment vehicles, 8 pension and profit-sharing plans and 7 state or municipal government entities.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 30 June 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Pathway Capital Management offer?","answer":"Pathway Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Pathway Capital Management have?","answer":"Pathway Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 248 employees, and 88 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Pathway Capital Management invest in?","answer":"At the end of its last fiscal year, Pathway Capital Management’s separately managed accounts held 100% interests in private market partnerships and co-investments. It advises 103 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Pathway Capital Management?","answer":"Pathway Capital Management is owned through a chain of holding companies by Jose Feliciano, Behdad Eghbali and Clearlake Capital Parent Holdings, L.P. Its direct owner is Clearlake Capital Group, L.P. (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 30 June 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Pathway Capital Management get paid?","answer":"Pathway Capital Management is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/pathway-capital-management-108016/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-03","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1037353/000121465926009446/0001214659-26-009446-index.html","totalValue":23946465,"positionCount":4,"top10Share":1,"top10":[{"issuer":"Rubrik, Inc.","titleOfClass":"CL A","cusip":"781154109","value":12826737,"shares":159775,"shareType":"SH"},{"issuer":"Robinhood Markets, Inc.","titleOfClass":"COM CL A","cusip":"770700102","value":8059804,"shares":80373,"shareType":"SH"},{"issuer":"ServiceTitan, Inc.","titleOfClass":"SHS CL A","cusip":"81764X103","value":2693627,"shares":38094,"shareType":"SH"},{"issuer":"Blend Labs, Inc.","titleOfClass":"CL A","cusip":"09352U108","value":366297,"shares":214209,"shareType":"SH"}],"positionsListed":4,"positions":[{"issuer":"Rubrik, Inc.","titleOfClass":"CL A","cusip":"781154109","value":12826737,"shares":159775,"shareType":"SH"},{"issuer":"Robinhood Markets, Inc.","titleOfClass":"COM CL A","cusip":"770700102","value":8059804,"shares":80373,"shareType":"SH"},{"issuer":"ServiceTitan, Inc.","titleOfClass":"SHS CL A","cusip":"81764X103","value":2693627,"shares":38094,"shareType":"SH"},{"issuer":"Blend Labs, Inc.","titleOfClass":"CL A","cusip":"09352U108","value":366297,"shares":214209,"shareType":"SH"}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}