Waterfalls

LP IRR

19.3%

annualized

LP Multiple

2.42×

$1M

LP Take

80.5%

of gross proceeds

GP Take

19.5%

incl. fees

Fee Drag

8.8%

$133K

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 · 80.5%$1M

Fees · 8.8%

GP · 10.6%

Limited PartnersFees to ManagerGP Promote

Cascade · Class A-1 Pool

Where each dollar goes

$2M

LP $1M · Fees $133K · GP $160K

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

$183K

65/35 split

Class B (Mgr)

$98K

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

$181K

75/25 split

Class B (Mgr)

$60K

Class A-2 Pool (post-20%)

40/60 split

Class A-2

$469

40/60 split

Class B (Mgr)

$703

⇅ Compare