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      <registrantType>IM</registrantType>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001037353</cik>
          <ccc>XXXXXXXX</ccc>
          <!--Field: Pseudo-Tag; ID: Name; Data:-->
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      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
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      <periodOfReport>06/30/2026</periodOfReport>
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      <reportingPerson>
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        <phoneNumber>949-622-1000</phoneNumber>
        <address>
          <com:street1>18575 JAMBOREE ROAD, 7TH FL</com:street1>
          <com:city>IRVINE</com:city>
          <com:stateOrCountry>CA</com:stateOrCountry>
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        <reportType>INSTITUTIONAL MANAGER NOTICE REPORT</reportType>
        <noticeExplanation>REPORTING PERSON DID NOT EXERCISE VOTING</noticeExplanation>
        <confidentialTreatment>N</confidentialTreatment>
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      <fileNumber>028-19862</fileNumber>
      <reportingCrdNumber>000108016</reportingCrdNumber>
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      <reportingPerson>PATHWAY CAPITAL MANAGEMENT, LP</reportingPerson>
      <txSignature>Stefanie Hochman</txSignature>
      <txPrintedSignature>Stefanie Hochman</txPrintedSignature>
      <txTitle>Senior Vice President &amp; Chief Compliance Officer</txTitle>
      <txAsOfDate>08/31/2026</txAsOfDate>
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