Waterfalls
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Running the numbers on
Joyner Capital LP· Joyner Capital
Back to fund
LP IRRⓘ
10.8%
annualized
LP Multipleⓘ
1.67×
$836K
LP Takeⓘ
83.6%
of gross proceeds
GP Takeⓘ
16.4%
incl. fees
Fee Dragⓘ
8.0%
$80K
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 · 83.6%$836K
Fees · 8.0%
GP · 8.4%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions

Where each dollar goes

$1M
LP $836K · Fees $80K · GP $84K
GROSS PROCEEDS$1MGPFFees to Manager$80,000 · 8.0% of grossLPT1Return of Capital$500,000 · 50.0% of grossLPT2Preferred Return (8%)$234,664 · 23.5% of grossGPT3GP Catch-up (20%)$58,666 · 5.9% of grossLPGPT4Residual Split (80% / 20%) · 12.7%Limited Partners · $101KGeneral Partner · $25K$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
$101K
T4
Residual Split (80% / 20%)
General Partner
$25K
Compare