Waterfalls
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Running the numbers on
Auerbach Opportunity Fund IV, LP· Auerbach Funds / Auerbach GP IV, LLC
Back to fund
LP IRRⓘ
20.2%
annualized
LP Multipleⓘ
2.51×
$1M
LP Takeⓘ
83.7%
of gross proceeds
GP Takeⓘ
16.3%
incl. fees
Fee Dragⓘ
3.7%
$55K
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 · 83.7%$1M
GP · 12.6%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions

Where each dollar goes

$2M
LP $1M · Fees $55K · GP $189K
GROSS PROCEEDS$2MGPFFees to Manager$55,000 · 3.7% of grossLPT1Return of Capital$500,000 · 33.3% of grossLPT2Preferred Return (10%)$305,255 · 20.4% of grossGPT3GP Catch-up (20%)$76,314 · 5.1% of grossLPGPT4Residual Split (80% / 20%) · 37.6%Limited Partners · $451KGeneral Partner · $113K$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
$451K
T4
Residual Split (80% / 20%)
General Partner
$113K
Compare