PATHLIGHT CAPITAL
PATHLIGHT CAPITAL is a Series C+ and debt fund in the US writing up to $300M checks into Consumer, retail and industrial.
- Stages
- Series C+, debt
- Sectors
- Consumer, retail, industrial
- Check size
- up to $300M
- Invests in
- US-wide
- Actively investing
- Yes
- Founded
- 2012
- Assets under management
- $3.4B+
- Website
- pathlightcapital.com
Thesis
Pathlight Capital is a private credit investment manager founded in 2012 and headquartered in Boston, MA. The firm specializes in asset-based lending (ABL), providing first- or second-lien loans secured by tangible and intangible assets. Their strategy focuses on enabling companies to access liquidity for working capital, debt refinancings, growth, acquisitions, dividend payouts, and turnarounds. Pathlight targets companies across consumer, retail, and industrial sectors, offering flexible instruments tailored to specific operational needs. They are also noted for their move upmarket, planning to offer up to $300 million to larger companies. The firm has demonstrated significant fundraising success, with AUM exceeding $3.4 billion following the closing of its fourth fund in December 2025. While the primary focus is on private credit, a separate entity, "Pathlight VC," operates as an early-stage venture capital firm focused on software companies. Pathlight Capital LP is the legal name.
Common questions
Does PATHLIGHT CAPITAL invest at the Series C+ stage?
Yes. PATHLIGHT CAPITAL lists Series C+ and debt among the stages it invests in.
What check size does PATHLIGHT CAPITAL write?
PATHLIGHT CAPITAL writes up to $300M checks.
Where does PATHLIGHT CAPITAL invest?
PATHLIGHT CAPITAL invests in the US.