Matthew N. Bobrow: Partner at Fox Rothschild

In this real-time conversation, Joel and Fox Rothschild partner Matthew Bobrow go beyond the boilerplate to explore what it really takes to build, launch, and scale a first-time investment fund. Drawing on his unique experience advising both the world’s largest institutional investors and emerging managers, Matthew breaks down the psychological shift founders must make when moving from operator to asset manager, the structural decisions tied to underlying strategy, and the practical, low-cost steps for market sounding before ever drafting an LPA. They unpack the rise of GP staking, the complexities of crossover and hedge fund strategies, the growing role of secondaries in private markets, and critical red flags in late-stage SPV deals—including the due diligence gaps exposed by high-profile names like Anthropic. Whether you’re raising a first fund or refining an established platform, this conversation delivers candid, actionable insights on fund structure, investor alignment, and the fiduciary mindset that separates enduring managers from the rest.

#VentureCapital #PrivateEquity #FundFormation #GPStaking #SECCompliance #EmergingManagers #Secondaries #InvestmentFunds