Pathway Capital Management raises $500m

The California-based investment firm raises co-investment alongside Alaskan sovereign wealth fund.

Pathway Capital Management has formed Pathway/AK Credit Co-Investment Fund in partnership with the Alaska Permanent Fund Corporation. The $500 million private credit co-investment will invest alongside third-party fund managers in strategies including senior direct lending, mezzanine and opportunistic credit. Pathway Capital Management has been investing in private credit for more than 20 years and has made private credit commitments of more than $6 billion.