Founder's Story

The Brutal Truth About Starting a Fund—And Why Most Don’t Make It | Ep 244 with Patrick William Founder of Rixon Capital


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Patrick William didn't take the safe route. In this episode, the former tech/media M&A banker turned private credit fund founder reveals how he bootstrapped Rixon Capital from a $3M cold-call raise into an internationally respected firm—all without institutional backing. From burning the boats to turning down Plan B, Patrick shares the psychology, risks, and raw reality behind building a fund from scratch.

Key Discussion Points:

  • Why starting a fund is like flying a plane with only one engine

  • The real reason raising capital is harder than most people think

  • Management fees, performance fees, and how fund managers actually make money

  • What investors really want (and why they’re happy to pay for boring returns)

  • Why most high-paying careers hold people back from entrepreneurship

  • The “burn the boats” mindset and why it separates real founders from dabblers

  • Capital trends in Southeast Asia—and what excites him most about the region

  • Why patience is the secret weapon behind long-term returns

    Takeaways:

    • Great ideas aren’t enough—storytelling and persistence close deals

    • Investors aren’t just buying returns—they’re outsourcing stress

    • “Mindless self-belief” is a founder’s most underappreciated asset

    • Sometimes, the only way to win is to make sure there's no way out

      Closing Thoughts:
      Patrick William isn’t just building a fund—he’s redefining what smart, disciplined capital looks like in a noisy world. His story is a masterclass in conviction, patience, and making boring look brilliant.

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      Founder's StoryBy IBH Media

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