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 · 72.3%$1M
Fees · 5.5%
GP · 22.3%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions
Where each dollar goes
$2M
LP $1M · Fees $83K · GP $334K
Gross proceeds at exit
$2M
FFees to Manager
$82,500 · 5.5% of gross
taken before the waterfall→ GP $83K
T1Return of Capital
$500,000 · 33.3% of gross
cap $500K · filled 100%→ LP $500K
T2Preferred Return (10%)
$250,000 · 16.7% of gross
cap $250K · filled 100%→ LP $250K
T4Residual Split (50% / 50%)
$667,500 · 44.5% of gross
uncapped — takes what remains→ LP $334K · → GP $334K
Where it lands · of gross proceeds
LP $1M (72.3%)Fees $83K (5.5%)GP $334K (22.3%)
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 (10%)
Limited Partners
$250K
T4
Residual Split (50% / 50%)
Limited Partners
$334K
T4
Residual Split (50% / 50%)
General Partner
$334K