A searcher friend of mine has nearly completed their PPM and will begin fundraising soon.

While the PPM clearly states the fund's industry-agnostic approach, their background in Healthcare Software led them to include an investment thesis and industry overview for that space. However, they of course want to avoid pigeon-holing themselves into Healthcare Software, but have not included any deep dives into other sectors.

Any tips from those who have been through this process (searcher or investor) about displaying one's expertise without sounding too focused on specific sectors? To what extent should the PPM include deep dives on a range of sectors (perhaps those where the searcher has no experience)?

Many thanks in advance for any insight.