Pathway closes USD1bn for private credit fund

Pathway Capital Management has closed on a USD1 billion private credit fund. 

Pathway Private Credit Fund II will provide debt financing in support of acquisition, recapitalisation, refinancing, and growth capital transactions sponsored by leading private equity firms.

To date, Pathway has committed more than USD5.7 billion to private credit opportunities since it began investing in the asset class in 1994, and has created more than 90 customised programs for its investors since its inception. Pathway has committed more than USD85 billion across a wide variety of private market strategies since its inception in 1991.