Waterfalls

LP IRR

11.8%

annualized

LP Multiple

1.75×

$874K

LP Take

87.4%

of gross proceeds

GP Take

12.6%

incl. fees

Fee Drag

11.0%

$110K

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 · 87.4%$874K

Fees · 11.0%

Limited PartnersFees to ManagerGP Promote

Cascade · Class A-1 Pool

Where each dollar goes

$1M

LP $874K · Fees $110K · GP $16K

LPFeesGPhover a tier for the formula · click to pin

Tier-by-tier trace

Same numbers, tabular. Click to expand.

▾

Class A-1 Pool

Return of Capital

Class A-1

$250K

Pref (10% IRR)

Class A-1

$153K

Class A-1 Pool (pre-20%)

65/35 split

Class A-1

$28K

65/35 split

Class B (Mgr)

$15K

Class A-2 Pool

Return of Capital

Class A-2

$250K

Pref (12% IRR)

Class A-2

$191K

Class A-2 Pool (pre-20%)

75/25 split

Class A-2

$3K

75/25 split

Class B (Mgr)

$1K

⇅ Compare