Job Description

Job Description

Pathway is a leading private market solutions provider with over $85 billion in assets under management from private equity, private credit, and infrastructure mandates. Formed in 1991, Pathway creates and manages single- and multi-investor programs for institutional investors worldwide, investing in various private market strategies through primaries, secondaries, and co-investments.

Pathway’s investment professionals have participated in the development of more than 120 private market portfolios, committing more than $110 billion to more than 1,200 private market investments across a wide variety of private market strategies.

Pathway’s private equity co-investment platform comprises 22 experienced professionals responsible for completing more than 250 co-investments, representing $7.0 billion in committed capital. Pathway’s target annual co-investment commitment pace is approximately $1.5 billion.

Pathway operates from offices in California, Rhode Island, London, and Hong Kong. Pathway is an independent company, wholly owned by its 23 partners. Pathway offers competitive compensation as well as a generous and comprehensive benefits package.

Job Description

Pathway is seeking an Associate **** to join its growing private equity co-investment team. Pathway pursues co-invests across private markets including private equity, private credit, and infrastructure. Pathway’s co-investment platform provides equity and private debt financing solutions in support of leveraged buyout, acquisition, recapitalization, refinancing, and growth equity transactions sponsored by leading private equity firms. The Associate will be closely involved in all aspects of Pathway’s private equity co-platform. Primary responsibilities include:

• Assist in initial pre-screening of new co-investment opportunities
• Support the investment process from initial evaluation, underwriting, and documentation to post-closing management
• Lead various quantitative analyses, including buyout and investment modeling, return sensitivities, and valuation assessments
• Coordinate with general partners, third-party consultants, and select clients to support due diligence and manage project timelines
• Prepare comprehensive investment memos and reports, and present recommendations to Pathway’s co-investment subcommittee and select clients
• Assist in the post-close monitoring process including intake of monthly/quarterly reporting packages, tracking operating performance and debt compliance, assessing performance and outlook, and reporting
• Oversee investment analysts on a variety of deal teams to ensure quality of work and due diligence timeliness
• Assess and present performance/attribution analysis on an individual investment and total portfolio basis to investors

Qualifications

• Approximately 1-3 years of private equity, investment banking, valuation, or consulting experience
• Undergraduate degree in Economics, Finance, Accounting, or Business Administration preferred
• Extensive knowledge of the private equity asset class, including equity and debt capital markets
• Strong writing, presentation, and research skills
• Significant experience in investment underwriting, modeling, and valuation analysis preferred
• Ability to work efficiently, manage to deadlines, and coordinate effectively with teams
• Comprehensive knowledge of and experience with software applications such as MS Excel, Word, and PowerPoint

Benefits

All regular full-time employees at Pathway Capital Management, LP enjoy a generous benefits package which includes, but is not limited to:

• Depending on the experience level, this position is being offered at a salary range of $110,000 to $140,000 with the potential to earn significant semi-annual bonuses based on performance
• Medical, dental, and vision insurance, with an HSA option
• 401(k), vacation and paid holidays
• Flexible work schedules, including working up to two days a week from home and, historically, select weeks to work from anywhere during winter and summer months