Form D · Other Investment Fund

Pathway Private Equity Fund XXV, LP

Irvine, CA · CIK 0001601610

Offering snapshot reported Dec 31, 2025 · SEC filing

Reported sold: Yet to sell
Investors reported: 0
Minimum accepted: $0
First sale: Yet to occur

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Dec 31, 2025	Initial	Yet to sell	No comparison	0	SEC filing
Dec 20, 2024	Initial	Yet to sell	No comparison	0	SEC filing
Dec 22, 2023	Initial	Yet to sell	No comparison	0	SEC filing
Dec 16, 2022	Initial	Yet to sell	No comparison	0	SEC filing
Dec 28, 2021	Initial	Yet to sell	No comparison	0	SEC filing
Dec 18, 2020	Amendment	$6,343,700,196	$960,013,718vs Oct 16, 2020	2	SEC filing
Oct 16, 2020	Amendment	$5,383,686,478	$40,000,572vs Jun 11, 2020	2	SEC filing
Jun 11, 2020	Amendment	$5,343,685,906	$700,010,003vs Dec 26, 2018	2	SEC filing
Dec 26, 2018	Amendment	$4,643,675,903	$700,010,003vs Dec 26, 2017	2	SEC filing
Dec 26, 2017	Amendment	$3,943,665,900	$750,010,718vs Dec 18, 2017	2	SEC filing
Dec 18, 2017	Amendment	$3,193,655,182	$0vs Dec 19, 2016	2	SEC filing
Dec 19, 2016	Amendment	$3,193,655,182	$800,011,432vs Jan 5, 2016	2	SEC filing
Jan 5, 2016	Amendment	$2,393,643,750	$800,034,205vs Aug 14, 2015	2	SEC filing
Aug 14, 2015	Amendment	$1,593,609,545	$100,000,000vs Jan 16, 2015	1	SEC filing
Jan 16, 2015	Amendment	$1,493,609,545	$693,598,113vs Oct 14, 2014	2	SEC filing
Oct 14, 2014	Amendment	$800,011,432	$100,001,432vs Mar 6, 2014	2	SEC filing
Mar 6, 2014	Initial	$700,010,000	No comparison	2	SEC filing

Offering details

Securities: Equity, Pooled investment fund, Other
Exemptions: 06b, 3C, 3C.1, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-568503

The Capital Commitments may be increased from time to time with the consent of the Partners.

Limited Partnership Interests. This Form does not constitute a determination by the Issuer or its affiliates that the Interests are considered "securities" under applicable securities laws.

Source: Form D, filed Dec 31, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

PATHWAY PRIVATE EQUITY FUND XXV, LP

Investment adviser: PATHWAY CAPITAL MANAGEMENT, LP

Gross asset value: $9.75B
Beneficial owners: 2
ADV minimum commitment: $8.04B

Reported in Form ADV on Jun 30, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Auditor KPMG IRVINE, California, United States

Custodian J.P. MORGAN SECURITIES LLC BOSTON, Massachusetts, United States Related to adviser: No

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED SAN FRANCISCO, California, United States Related to adviser: No

Custodian SILICON VALLEY BANK SANTA CLARA, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

KPMG
PCAOB 185

J.P. MORGAN SECURITIES LLC
SEC 8-35008

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

SILICON VALLEY BANK
LEI 0K2D5AK28E3O5CC06E35

Filing source

Form ADV 2116854 · Jun 30, 2026 · Schedule D 7.B.(1), fund 805-5711657941

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
Pathway Private Equity Fund XXIII, LP	Apr 23, 2025	$724,368,000	3
Pathway Private Equity Fund XXV, LP (this fund)	Dec 31, 2025	Yet to sell	0
Pathway Private Equity Fund XXVIII, LP	Apr 12, 2017	$150,510,000	3
Pathway Private Equity Fund XXIX, LP	Jun 11, 2021	$822,596,666	Not reported
Pathway Private Equity Fund XXXII, LP	May 11, 2026	$25,080,000	3

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Karen Jane Jakobi	Director, Executive
Douglas Kent Le Bon	Director, Executive
James Herbert Reinhardt	Director, Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

18575 Jamboree Road, 7 Th Floor
Irvine, CA, 92612