Waterfalls
Default
Score model

Pick how composites are weighted for you. Affects every score across the app.

Sign in to save models →
Sign in
Running the numbers on
Auerbach Opportunity Fund IV, LP· Auerbach Funds / Auerbach GP IV, LLC
Back to fund
LP IRRⓘ
11.4%
annualized
LP Multipleⓘ
1.71×
$856K
LP Takeⓘ
85.6%
of gross proceeds
GP Takeⓘ
14.4%
incl. fees
Fee Dragⓘ
5.5%
$55K
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 · 85.6%$856K
Fees · 5.5%
GP · 8.9%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions

Where each dollar goes

$1M
LP $856K · Fees $55K · GP $89K
GROSS PROCEEDS$1MGPFFees to Manager$55,000 · 5.5% of grossLPT1Return of Capital$500,000 · 50.0% of grossLPT2Preferred Return (10%)$305,255 · 30.5% of grossGPT3GP Catch-up (20%)$76,314 · 7.6% of grossLPGPT4Residual Split (80% / 20%) · 6.3%Limited Partners · $51KGeneral Partner · $13K$pool fully distributed
LPFeesGPhover a tier for the formula · click to pin
Tier-by-tier trace
Same numbers, tabular. Click to expand.
▾
Distributions
T1
Return of Capital
Limited Partners
$500K
T2
Preferred Return (10%)
Limited Partners
$305K
T3
GP Catch-up (20%)
General Partner
$76K
T4
Residual Split (80% / 20%)
Limited Partners
$51K
T4
Residual Split (80% / 20%)
General Partner
$13K
Compare