Dollar split
Where your dollar goes
Every dollar of gross proceeds traced through the waterfall at the current exit.
Total gross proceeds$1,500,000
LP · 82.7%$1M
Fees · 5.3%
GP · 12.0%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions
Where each dollar goes
$2M
LP $1M · Fees $80K · GP $180K
Gross proceeds at exit
$2M
FFees to Manager
$79,750 · 5.3% of gross
taken before the waterfall→ GP $80K
T1Return of Capital
$500,000 · 33.3% of gross
cap $500K · filled 100%→ LP $500K
T2Preferred Return (8%)
$200,000 · 13.3% of gross
cap $200K · filled 100%→ LP $200K
T4Residual Split (75% / 25%)
$720,250 · 48.0% of gross
uncapped — takes what remains→ LP $540K · → GP $180K
Where it lands · of gross proceeds
LP $1M (82.7%)Fees $80K (5.3%)GP $180K (12.0%)
LPFeesGPhover a tier for the formula · click to pin
Tier-by-tier traceSame numbers, tabular. Click to expand.▾
Tier-by-tier trace
Same numbers, tabular. Click to expand.
Distributions
T1
Return of Capital
Limited Partners
$500K
T2
Preferred Return (8%)
Limited Partners
$200K
T4
Residual Split (75% / 25%)
Limited Partners
$540K
T4
Residual Split (75% / 25%)
General Partner
$180K