Waterfalls

LP IRR

11.9%

annualized

LP Multiple

1.75×

$877K

LP Take

87.7%

of gross proceeds

GP Take

12.3%

incl. fees

Fee Drag

2.9%

$29K

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 · 87.7%$877K

GP · 9.4%

Limited PartnersFees to ManagerGP Promote

Cascade · Distributions

$1M

LP $877K · Fees $29K · GP $94K

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

Preferred Return (7%)

Limited Partners

$175K

GP Catch-up (20%)

General Partner

$44K

Residual Split (80% / 20%)

Limited Partners

$202K

Residual Split (80% / 20%)

General Partner

$50K