Waterfalls

LP IRR

14.4%

annualized

LP Multiple

1.96×

$980K

LP Take

65.3%

of gross proceeds

GP Take

34.7%

incl. fees

Fee Drag

26.7%

$400K

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 · 65.3%$980K

Fees · 26.7%

GP · 8.0%

Limited PartnersFees to ManagerGP Promote

Cascade · Distributions

$2M

LP $980K · Fees $400K · GP $120K

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

$500K

GP Catch-up (20%)

General Partner

Residual Split (80% / 20%)

Limited Partners

$480K

Residual Split (80% / 20%)

General Partner

$120K