Cascade · Distributions
Where each dollar goes
$875K
LP $875K · Fees $0 · GP $0
Standard scenario · $500K equity · 5y hold · 1.75× exitRun your own cascade →
Fee scheduletaken before LP distributions
No fees extracted from the PPM.
Service providers3 gaps
Legal Counsel
Not disclosed
No independent counsel named for investors. Common in small syndications where Manager and Fund share counsel — reduces independence. Verify during diligence.
Auditor
Not disclosed
Audit intent not stated in PPM. Ask the sponsor: will the fund be audited, by whom, and on what frequency?
Fund Administrator
Not disclosed
No third-party fund administrator referenced. Manager likely handles admin internally — common for <$10M raises but reduces independence.
Placement Agent
No placement agent engaged
No placement agent engaged. Direct placement by Manager — no placement fees eat your invested capital.
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