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 · 70.8%$1M
Fees · 5.2%
GP · 12.0%
? · 12.0%
Limited PartnersFees to ManagerGP PromoteUnallocated (extracted waterfall doesn't consume the pool)
Cascade · Distributions
Where each dollar goes
$2M
LP $1M · Fees $78K · GP $181K
Gross proceeds at exit
$2M
FFees to Manager
$77,500 · 5.2% of gross
taken before the waterfall→ GP $78K
T1Return of Capital
$500,000 · 33.3% of gross
cap $500K · filled 100%→ LP $500K
T2Preferred Return (8%)
$200,000 · 13.3% of gross
cap $200K · filled 100%→ LP $200K
T4Residual Split (50% / 25%)
$541,875 · 36.1% of gross
uncapped — takes what remains→ LP $361K · → GP $181K
Where it lands · of gross proceeds
LP $1M (70.8%)Fees $78K (5.2%)GP $181K (12.0%)$181K undistributed
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 (50% / 25%)
Limited Partners
$361K
T4
Residual Split (50% / 25%)
General Partner
$181K