Joel Palathinkal delves into negotiation power for fund managers with Matthew Bobrow of Nixon Peabody LLP who shares his journey into private funds and experiences with major asset managers. They discuss trends in fund structures, capital allocation, and the intersection of private equity and venture capital. Key topics include liquidity demands, global diversification, and sector specialization. The guest offers advice on raising funds, stressing transparency, investor alignment, and LP feedback. They also explore industry focuses like cloud computing, biogenetics, and healthcare, concluding with insights on exit strategies, insurance, and the risks of using social media for fundraising. (0:00) Negotiation power for fund managers and podcast introduction (1:16) Guest introduction and transition to private funds (3:43) Experience with major asset managers and community contribution (5:14) Trends in fund structures, capital allocation, and real estate (7:23) Strategy blurring between private equity and venture capital (11:22) Liquidity demands, global diversification, and innovative capital (15:06) Sector specialization versus diversified strategies (19:15) Advice for fund managers on raising subsequent funds (24:17) Transparency, investor alignment, and LP feedback (27:07) Industry focus on cloud computing, biogenetics, and real estate (30:25) Strategic investments in healthcare (32:22) Top advice for emerging managers and common mistakes (39:49) The importance of clear exit strategies and insurance considerations (45:41) Risks and compliance in fundraising through social media (48:28) Closing remarks and episode recap