Pathway Raises $100M for Third Strategic Credit Fund

Irvine, CA-based Pathway Capital Management, a private markets firm specializing in fund of funds investments, raised $100M for its third strategic credit fund.

Pathway Strategic Credit Fund III made its first sale on December 9 and raised $100M from three investors. Pathway, which invests in private equity, infrastructure, and private credit funds on behalf of institutional and wealth clients, has invested more than $11.9B on behalf of more than 250 investors in the private credit space. It targets an annual investment pace in the asset class of approximately $1.2B and in April made a $1B close on its Pathway Private Credit Fund II.

Founded in 1991, Pathway manages more than $90B of client assets.