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 · 86.9%$869K
Fees · 7.5%
GP · 5.6%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions
Where each dollar goes
$1M
LP $869K · Fees $75K · GP $56K
Gross proceeds at exit
$1M
FFees to Manager
$75,000 · 7.5% of gross
taken before the waterfall→ GP $75K
T1Return of Capital
$500,000 · 50.0% of gross
cap $500K · filled 100%→ LP $500K
T2Preferred Return (8%)
$200,000 · 20.0% of gross
cap $200K · filled 100%→ LP $200K
T4Residual Split (75% / 25%)
$225,000 · 22.5% of gross
uncapped — takes what remains→ LP $169K · → GP $56K
Where it lands · of gross proceeds
LP $869K (86.9%)Fees $75K (7.5%)GP $56K (5.6%)
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
$169K
T4
Residual Split (75% / 25%)
General Partner
$56K