After helping build StepStone Group into one of the world’s largest private markets allocators, Brey Jones is launching a new firm with a very different blueprint.
His latest venture, Thirdpath, is betting that artificial intelligence can replace parts of the sprawling analyst armies and operational machinery long associated with private markets investing. By embedding engineers directly alongside investment professionals, the San Diego-based startup aims to automate sourcing, diligence and portfolio construction — while building bespoke portfolios for institutions, family offices and RIAs that increasingly want customization without the bureaucracy of giant platforms.
We spoke to Jones about his strategy and current thinking on today’s private capital markets.
