- Longtime partner Laders left at the end of 2015
- Worked at Pathway for more than 11 years
- No direct successor named
Tom Laders, a longtime partner at Pathway Capital Management, retired at year’s end, Pathway confirmed for Buyouts.
Laders worked at Pathway for more than 11 years. It’s unclear why he left or whether he left to take a new position. He worked out of the firm’s Rhode Island office.
Pathway did not directly name a successor to Laders, according to Pathway Managing Director Wayne Smith. Smith, who also works out of the Rhode Island office, was promoted to managing director earlier this year.
Formed in 1991, Pathway is a fund of funds that manages more than $30 billion, including more than $14 billion from its 40 funds-of-funds vehicles, according to its website. About $28 billion of the total is in discretionary accounts, while $2.9 billion is non-discretionary, according to Pathway’s Form ADV.
In March, Pathway closed Pathway Private Equity Fund Investors 8 LP on $400 million, a third above its $300 million target, according to a statement from the firm.
Pathway is led by co-founders Karen Jakobi, senior managing director and chief investment officer; Douglas Le Bon, senior managing director, and James Reinhardt, senior managing director.
Action Item: Pathway’s Rhode Island office: +1 401-589-3400.
Photo courtesy of Pathway Capital Management