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ⓘ
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
GROSS PROCEEDS$1MGPFFees to Manager$110,000 · 11.0% of grossA-1T1Return of Capital$250,000 · 25.0% of grossA-1T2Pref (10% IRR)$152,628 · 15.3% of gross$$42K to next pool
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
$153K
Class A-1 Pool (pre-20%)
T3
65/35 split
Class A-1
$28K
T3
65/35 split
Class B (Mgr)
$15K
Class A-2 Pool
T1
Return of Capital
Class A-2
$250K
T2
Pref (12% IRR)
Class A-2
$191K
Class A-2 Pool (pre-20%)
T3
75/25 split
Class A-2
$3K
T3
75/25 split
Class B (Mgr)
$1K
Compare