Prolific LP Pathway Hits $955.4 Million On New Fund

The total offering amount listed on the Form D, filed Feb. 5 with the Securities and Exchange Commission, is $955.4 million, the same tally as the amount sold, while the amount remaining to be sold is listed as $0, suggesting the fund has closed. Three senior managing directors are listed on the form, all based in Irvine, Calif.: Douglas K. Le Bon, James H. Reinhardt and Karen J. Jakobi.

The minimum investment in the fund was $5.3 million, according to the Form D, and the fund has just three investors.

According to its Web site, Pathway Capital Management has more than $25 billion in assets under management, including $12 billion through three dozen funds of funds. The firm, with some 35 investment professionals, and more than 100 employees, has committed more than $50 billion to more than 350 private-equity funds, covering a “wide variety” of strategies.

Buyout firms that Pathway Capital Management has backed over the years include Bain Capital, The Carlyle Group, First Reserve, Genstar Capital, GTCR Golder Rauner, Hellman & Friedman, The Jordan Company and Kelso & Co., according to Dow Jones.

The firm has offices in California, Rhode Island, London, and Hong Kong. Executives at Pathway Capital Management were not available for comment.