Pathway Capital Management, LP (Irvine)

Name: Pathway Capital Management, LP
Address: 18575 Jamboree Road, Irvine, CA, 92612
Telephone: 949-622-1000

Pathway Capital Management, LP is a large advisory firm based in Irvine. It manages $55.1 billion of regulatory assets for 85 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Louisiana, and Rhode Island.

Pathway Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pathway Capital Management: assets under management

The assets under management (AUM) of Pathway Capital Management, LP is $55.1 billion. The firm's AUM has grown by 124% since the beginning of its operation, and $1.53 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $38.42 billion in discretionary accounts and $16.69 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $498.93 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.09 billion.

Pathway Capital Management has custody of $19.57 billion in cash and securities for 36 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pathway Capital Management, LP for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Pathway Capital Management serves?

The firm provides services to insurance companies, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Pathway Capital Management is state or municipal government entities with 6 clients and $31.63 billion of assets under management. Among the 6 most similar advisory firms, Pathway Capital Management has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $55.1 billion for 85 clients. 16% of the firm’s clients are foreign persons or businesses.

Pathway Capital Management also advises several private funds. Namely, sixty five private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,450,000,000.

Careers at Pathway Capital Management, LP

The company employs 162 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Karen Jane Jakobi	Co-trustee of the revocable living trust of the jakobi family under a declaration of trust dated august 11, 2000	1 Aug 2000	Other	1603473
William F Jakobi	Co-trustee of the revocable living trust of the jakobi family under a declaration of trust dated august 11, 2000	1 Aug 2000	Other	5990297
Douglas Kent Le Bon	Director of pathway capital management (uk) limited	1 Aug 2005	25% - 50%	2032624
James Herbert Reinhardt	Director of pathway capital management (uk) limited	1 Aug 2005	25% - 50%	2125679
James Edward Heath	Director of pathway capital management (uk) limited	1 Nov 2005	Other	4644313
Valerie Alaine Ruddick	Co-trustee of the james quinlan and valerie alaine ruddick revocable trust under a declaration of trust dated april 5, 2007	1 Apr 2007	Other	5644586
James Quinlan Ruddick	Co-trustee of the james quinlan and valerie alaine ruddick revocable trust under a declaration of trust dated april 5, 2007	1 Apr 2007	Other	2738702
Richard Shawn Mazer	Director of pathway capital management (hk) limited	1 Feb 2012	Other	5289828
James Edward Heath	Director of pathway capital management (hk) limited	1 Feb 2012	Other	4644313
Douglas Kent Le Bon	Director of pathway capital management (hk) limited	1 Mar 2012	25% - 50%	2032624
Terrence Gerard Melican	Co-trustee of the melican revocable living trust under a declaration of trust dated september 12, 2012	1 Sep 2012	Other	4644231
Claudine Melican	Co-trustee of the melican revocable living trust under a declaration of trust dated september 12, 2012	1 Sep 2012	Other	6147554
Curtis Paul Gerlach	Limited partner and chief financial officer of pathway capital management, lp	1 Dec 2012	Other	4552220
James Randolph Chambliss	Limited partner of pathway capital management, lp	1 Dec 2012	Other	4644234
Thomas William Laders	Limited partner of pathway capital management, lp	1 Dec 2012	Other	5289837
Milt Mervyn Best	Limited partner and chief compliance officer of pathway capital management, lp	1 Dec 2012	Other	5496955
Alexander Myranthis Casbolt	Limited partner of pathway capital management, lp	1 Dec 2012	Other	5496960
Vincent P Dee	Limited partner of pathway capital management, lp	1 Dec 2012	Other	5766107
2000 Revocable Living Trust Of The Jakobi Family Under A Declaration Of Trust Dated August 11	Limited partner of pathway capital management, lp	1 Dec 2012	Other	1603473
2007 James Quinlan And Valerie Alaine Ruddick Revocable Trust Under A Declaration Of Trust Dated April 5	Limited partner of pathway capital management, lp	1 Dec 2012	Other	5644586
Pathway Capital Management Gp Llc	General partner of pathway capital management, lp	1 Dec 2012	Other	46-1190546
Karen Jane Jakobi	Managing member of pathway capital management gp llc	1 Dec 2012	Other	1603473
James Edward Heath	Limited partner of pathway capital management, lp	1 Dec 2012	Other	4644313
2012 Melican Revocable Living Trust Under A Declaration Of Trust Dated September 12	Limited partner of pathway capital management, lp	1 Dec 2012	Other	4644231
Lp Pathway Capital Management	Direct owner of pathway capital management (hk) limited and pathway capital management (uk) limited	1 Dec 2012	75% - 100%	95-4299348
Cheryl Lynn Maliwanag	Limited partner of pathway capital management, lp	1 Dec 2012	Other	4644237
Michael Conrad Draffin	General counsel of pathway capital management, lp	1 Dec 2012	Other	4508684
Anne Marie Collins	Limited partner of pathway capital management, lp	1 Dec 2012	Other	5289842
Richard Shawn Mazer	Limited partner of pathway capital management, lp	1 Dec 2012	Other	5289828
Melican Revocable Living Trust	Limited partner of pathway capital management, lp	1 Dec 2012	Other	4644231
Richard Shawn Mazer	Co-trustee of the mazer family revocable living trust dated march 20, 2013	1 Mar 2013	Other	5289828
Kanan Mazer	Co-trustee of the mazer family revocable living trust dated march 20, 2013	1 Mar 2013	Other	6211855
2013 Mazer Family Revocable Living Trust Dated March 20	Limited partner of pathway capital management, lp	1 May 2013	Other	5289828
Ashok K. Tripathi	Senior vice president & general counsel	1 Jan 2015	Other	6456397
Douglas Kent Le Bon	Co trustee of the douglas & eva le bon trust dated march 9, 2015	1 Mar 2015	25% - 50%	2032624
Eva M. Le Bon	Co-trustee of the douglas & eva le bon trust dated march 9, 2015	1 Mar 2015	25% - 50%	6575522
James Herbert Reinhardt	Co-trustee of reinhardt family trust, u/d/t dated august 3, 2015	1 Aug 2015	25% - 50%	2125679
2015 Douglas & Eva Le Bon Trust Dated March 9	Limited partner of pathway capital management, lp	1 Sep 2015	25% - 50%	2032624
U/D/T Dated August 3 2015 Reinhardt Family Trust	Limited partner of pathway capital management, lp	1 Nov 2015	25% - 50%	2125679
James Randolph Chambliss	Co-trustee of the chambliss family revocable living trust	1 Dec 2016	Other	4644234
Chambliss Family Revocable Living Trust	Limited partner of pathway capital management, lp	1 Dec 2016	Other	4644234
Simon Yat Sing Lau	Director of pathway capital management (uk) limited	1 Dec 2018	Other	7097857
Alexander Myranthis Casbolt	Director of pathway capital management (uk) limited	1 Dec 2019	Other	5496960

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Douglas Kent Le Bon	Indirect owner of pathway capital management, lp	1 Dec 2012	25% - 50%	2032624
James Herbert Reinhardt	Indirect owner of pathway capital management, lp	1 Dec 2012	25% - 50%	2125679
Suzanne Reinhardt	Co-trustee	1 Aug 2015	75% - 100%	6586130
Eva M. Le Bon	Co-trustee	1 Sep 2015	75% - 100%	6575522
Douglas & Eva Le Bon Trust Dated March 9/2015	Indirect owner of relying advisors	1 Sep 2015	Other	2032624
Chambliss Familiy Revocable Living Trust	Indirect owner of relying advisors	1 Dec 2016	Other	4644234
Kelly Chambliss	Co-trustee	1 Dec 2016	75% - 100%	6931846

Based in Irvine

The principal office where Pathway Capital Management, LP performs its advisory services is located at 18575 Jamboree Road, Irvine, CA 92612, which is also the mailing address of the firm. An additional office of the firm is in Providence, RI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 949-622-1000 or by fax 949-622-1010. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at pathwaycapital.com.