Waterfalls

LP IRR

8.9%

annualized

LP Multiple

1.53×

$765K

LP Take

76.5%

of gross proceeds

GP Take

23.5%

incl. fees

Fee Drag

12.1%

$121K

Dollar split

Where your dollar goes

Every dollar of gross proceeds traced through the waterfall at the current exit.

Total gross proceeds$1,000,000

LP · 76.5%$765K

Fees · 12.1%

GP · 11.4%

Limited PartnersFees to ManagerGP Promote

Cascade · Distributions

$1M

LP $765K · Fees $121K · GP $114K

LPFeesGPhover a tier for the formula · click to pin

Tier-by-tier trace

Same numbers, tabular. Click to expand.

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Distributions

Return of Capital

Limited Partners

$500K

Preferred Return (7%)

Limited Partners

$175K

GP Catch-up (30%)

General Partner

$75K

Residual Split (70% / 30%)

Limited Partners

$90K

Residual Split (70% / 30%)

General Partner

$39K