The Private Equity Podcast, by Raw Selection

The Framework Every Private Equity Investor and Operator Needs in the Tool-Kit with Sam Bendix


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Sam Bendix, Partner at Chicago Pacific Founders, returns to share his framework for capital raising using motivational interviewing. He explains how it uncovers real motivations and qualifies prospects faster—without a hard sell. We cover how it applies to investor meetings, deal sourcing, hiring, and beyond. A practical framework for better conversations and better results. 

[00:00] Sam Bendix, Partner at Chicago Pacific Founders, shares his capital-raising framework using motivational interviewing.

 [00:28] Alex praises its use in candidate interviews, prospecting, and deal origination.

 [00:58] Framework inspired by Sam’s wife, a dietitian, helping patients change behavior.

 [01:53] Sam realized it draws out investor motivations instead of pushing a pitch.

 [02:51] Ideal for hesitant prospects or those juggling priorities.

 [04:13] Helps quickly qualify whether someone’s worth pursuing.

 [05:37] Sam uses it on intro calls with LPs at the contemplation stage.

 [06:33] It’s flexible — works even outside of work.

 [08:30] Four stages: Engage, Focus, Evoke, Plan.

 [10:15] Key question: "What led you to take this meeting?"

 [12:09] Use “change talk” to uncover real motivations.

 [13:59] Always leave with clear next steps.

 [15:50] Similar to AIDA — build rapport, qualify, find the why, plan action.

 [17:15] Real-life case study: reframed a real estate pitch to win infrastructure LP interest.

 [22:28] Even a "no" reveals future opportunities.

 [25:22] ORS method (Open questions, Reflective listening, Summarizing) is critical.

 [27:17] Reflect objections back to build clarity and trust. 

 [28:13] Alex draws parallels with talent assessment — most firms hire for now, not the full journey.

 [30:40] Exceptional execs have frameworks. If they can't articulate their playbook, you can’t scale them.

 [32:07] Too many firms wing it with clients while being structured with candidates — both need frameworks.

 [34:29] Sam praises Alex’s consultative approach to hiring — problem-finding > solution-pushing.

 [36:55] Knowing the why behind hiring helps tailor the search to real business needs.

 [39:47] Ideally, firms would hire 3 execs per hold period — one for each phase. Instead, you need one who can run the full race.

 [43:10] Negotiation tips: frame your goals around the LP’s goals.

 [45:35] Use three steps: Reflect objections, Reframe as shared objectives, Confirm buy-in.

 [48:27] Book recs: Negotiation Genius (Harvard), Start with No (Jim Camp), and Quit (Annie Duke).

Sam’s open to connecting on LinkedIn.

Subscribe for more episodes on  iTunes & Spotify

Got feedback or questions? Email Alex at [email protected].

🔗 Connect with Alex Rawlings on LinkedIn: https://www.linkedin.com/in/alexrawlings/

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The Private Equity Podcast, by Raw SelectionBy Alex Rawlings

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