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Partners Path
Partners Path was established in 2013 by Michael Kalt, a former Tampa Bay Rays executive. It operates exclusively for a limited set of ultra-high-net-worth...
Partners Path
Partners Path was established in 2013 by Michael Kalt, a former Tampa Bay Rays executive. It operates exclusively for a limited set of ultra-high-net-worth families and maintains no public AUM disclosure. The firm deploys across real estate and alternatives. Core holdings center on multifamily and mixed-use properties in high-growth U.S. markets, supplemented by industrial, retail and hospitality assets. It also participates in select venture capital and private equity transactions. Geographic reach covers North America with additional co-investment activity in Europe through relationships such as those with Chien Lee and Paul Conway. Confirmed positions include direct ownership of Brooklyn properties at 767 Hart Street and Bushwick Avenue mixed-use assets. The team includes Managing Directors Billy Haddad and Alex Lebowitz. Michael Kalt additionally serves as Senior Advisor to Sidewalk Labs and on the board of Prospect Park Alliance. No recent operational events from the last 24 months appear in available records. Partners Path maintains a closed structure limited to its founding families, with no external capital raises or public vehicles.
General information
Firm type
Multi Family Office
Year founded
2013
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Billy Haddad
Managing Director
Alex Lebowitz
Managing Director and Principal
Ethan Bloomberg
Team Member
Rebecca Goldring
Team Member
Altss tracks 1 additional named team member for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who runs investment decisions at Partners Path?
Michael Kalt serves as Managing Member and Founder. Billy Haddad and Alex Lebowitz act as Managing Directors with direct involvement in deal execution.
Does Partners Path participate in fund commitments or only direct deals?
The firm executes through direct ownership of real estate assets and selective co-investments in venture capital and private equity rather than broad fund commitments.
What investment stages does Partners Path typically target?
Partners Path targets venture capital opportunities alongside direct real estate acquisitions across the capital structure in multifamily, mixed-use and industrial assets.
Which sectors does Partners Path explicitly avoid?
No explicit avoidance sectors are stated in public materials; the firm concentrates on real estate and selective alternatives without disclosed negative screens.
Where does the underlying wealth come from?
Partners Path advises a small group of ultra-high-net-worth families; specific wealth origins are not publicly attributed to any named family branch.
How is Partners Path related to its co-investors?
Michael Kalt maintains relationships with co-investors including Chien Lee of NewCity Capital and Paul Conway of Pacific Media Group, primarily in European football club transactions.
Does Partners Path maintain philanthropic structures?
Michael Kalt serves on the board of Prospect Park Alliance; no separate family foundation or philanthropic vehicle is disclosed.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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