Waterfalls
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Running the numbers on
Golden Garages, LLC· Nectar Garages Manager, LLC (Ben Lapidus & Gerrit Van Maanen)
Back to fund
LP IRRⓘ
5.4%
annualized
LP Multipleⓘ
1.30×
$651K
LP Takeⓘ
86.8%
of gross proceeds
GP Takeⓘ
13.2%
incl. fees
Fee Dragⓘ
13.2%
$99K
Dollar split

Where your dollar goes

Every dollar of gross proceeds traced through the waterfall at the current exit.

Total gross proceeds$750,000
LP · 86.8%$651K
Fees · 13.2%
Limited PartnersFees to ManagerGP Promote
Cascade · Class A-1 Pool

Where each dollar goes

$750K
LP $651K · Fees $99K · GP $0
GROSS PROCEEDS$750KGPFFees to Manager$98,750 · 13.2% of grossA-1T1Return of Capital$250,000 · 33.3% of grossA-1T2Pref (10% IRR)$75,625 · 10.1% of gross$pool fully distributed
LPFeesGPhover a tier for the formula · click to pin
Tier-by-tier trace
Same numbers, tabular. Click to expand.
▾
Class A-1 Pool
T1
Return of Capital
Class A-1
$250K
T2
Pref (10% IRR)
Class A-1
$76K
Class A-2 Pool
T1
Return of Capital
Class A-2
$250K
T2
Pref (12% IRR)
Class A-2
$76K
Compare