Thirdpath, LLC, a next-generation private markets solutions platform, announced on September 14, 2026, that Ken Wallace has been appointed Senior Managing Director and Head of Venture and Growth Equity. In this newly created role, he will oversee the firm's venture and growth equity investment activities, including fund investments, direct co-investments, and secondary liquidity solutions. The move signals Thirdpath's continued push to offer clients a complete range of private markets solutions.
Broadening the Private Markets Platform
The appointment extends Thirdpath's capabilities beyond its existing buyouts and credit strategies by establishing a dedicated venture and growth equity team. This development is the latest step in the firm's build-out of a full-spectrum private markets offering. The goal is to help clients access every segment of the alternative investment landscape through a single platform.
Strategic Leadership Perspective
Brey Jones, Managing Partner at Thirdpath, described the addition as a critical step in building the firm's private markets platform. He noted that Ken's experience as a proven business builder makes him an ideal partner to deliver differentiated venture and growth equity solutions. Jones added that the appointment reflects the firm's dedication to a bespoke approach across private markets.
Wallace's Vision for the Role
Ken Wallace expressed enthusiasm about joining the Thirdpath team and building a strategy from the ground up. He said the firm's employee ownership and flat structure were key factors in his decision. Wallace also noted that evolving dynamics in venture and growth markets have created a clear need for a new, independent, and trusted advisor to institutional investors.
Role and Responsibilities
Wallace will lead sourcing, portfolio construction, and underwriting for Thirdpath's growth equity and venture capital Separately Managed Account offering. This will provide clients with access to a dedicated growth equity and venture capability alongside the firm's existing strategies. His mandate underscores Thirdpath's focus on delivering customized investment solutions through separately managed accounts.
Veteran Investor Background
Ken Wallace brings more than two decades of experience investing across the venture capital ecosystem, partnering with founders and institutional investors to access high-quality private market opportunities. Most recently, he served as a Partner at Nimble Partners, and earlier he held senior roles at Industry Ventures and Bessemer Trust. His career reflects deep expertise in sourcing and underwriting private market investments.
Academic Foundation and Base
He earned an MBA from the Haas School of Business at the University of California, Berkeley, and a Bachelor of Arts in Economics from Wake Forest University. He will be based in San Francisco. His educational background in economics and business complements his practical experience in venture capital and growth equity.
A Broader Investment Team
Wallace joins an experienced bench that includes credit leads David Ren and Brent Pasternack, along with buyout heads Serina Yu and Tim Lee. His addition further enables the firm to deliver deal flow across the full spectrum of private markets. The expanded team supports Thirdpath's ambition to serve institutional allocators through specialized strategies.
About Thirdpath
Thirdpath is a next-generation private markets solutions provider designed to serve the evolving needs of investing partners. The firm combines proprietary technology, private markets expertise, and high-touch client services to deliver customized solutions. Founded in 2025, Thirdpath is employee-owned and operates with a flat organizational structure that fosters agility and collaboration.
John McGuinness, Managing Partner at Thirdpath, emphasized that leaders like Wallace choose to join because they gain ownership in how the firm is built. That ownership model continues to attract investors with proven pedigrees who want to create something new. With Wallace leading venture and growth equity, Thirdpath is positioned to broaden its private markets footprint and offer clients a more complete set of investment solutions.