Waterfalls

Fund universe

Fund · Sponsor

Asset class

Strategy

Vintage

Composite

RUNNING THE NUMBERS ON

Auerbach Opportunity Fund IV, LP· Auerbach Funds / Auerbach GP IV, LLC

LP IRR

-2.3%

annualized

LP Multiple

0.89×

$445K

LP Take

89.0%

of gross proceeds

GP Take

11.0%

incl. fees

Fee Drag

11.0%

$55K

Dollar split

Where your dollar goes

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

Total gross proceeds$500,000

LP · 89.0%$445K

Fees · 11.0%

Limited PartnersFees to ManagerGP Promote

Cascade · Distributions

$500K

LP $445K · Fees $55K · GP $0

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

$445K