Waterfalls
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Running the numbers on
Joyner Capital LP· Joyner Capital
Back to fund
LP IRRⓘ
8.1%
annualized
LP Multipleⓘ
1.48×
$738K
LP Takeⓘ
84.3%
of gross proceeds
GP Takeⓘ
15.7%
incl. fees
Fee Dragⓘ
8.9%
$78K
Dollar split

Where your dollar goes

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

Total gross proceeds$875,000
LP · 84.3%$738K
Fees · 8.9%
GP · 6.8%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions

Where each dollar goes

$875K
LP $738K · Fees $78K · GP $60K
GROSS PROCEEDS$875KGPFFees to Manager$77,500 · 8.9% of grossLPT1Return of Capital$500,000 · 57.1% of grossLPT2Preferred Return (8%)$234,664 · 26.8% of grossGPT3GP Catch-up (20%)$58,666 · 6.7% of grossLPGPT4Residual Split (80% / 20%) · 0.5%Limited Partners · $3KGeneral Partner · $834$pool fully distributed
LPFeesGPhover a tier for the formula · click to pin
Tier-by-tier trace
Same numbers, tabular. Click to expand.
▾
Distributions
T1
Return of Capital
Limited Partners
$500K
T2
Preferred Return (8%)
Limited Partners
$235K
T3
GP Catch-up (20%)
General Partner
$59K
T4
Residual Split (80% / 20%)
Limited Partners
$3K
T4
Residual Split (80% / 20%)
General Partner
$834
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