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Running the numbers on
MHPI II, LLC· MHP Portfolio, LLC and RV Horizons, Inc.
Back to fund
LP IRR
5.8%
annualized
LP Multiple
1.32×
$663K
LP Take
75.7%
of gross proceeds
GP Take
24.3%
incl. fees
Fee Drag
24.3%
$213K
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 · 75.7%$663K
Fees · 24.3%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions

Where each dollar goes

$875K
LP $663K · Fees $213K · GP $0
Gross proceeds at exit
$875K
FFees to Manager
$212,500 · 24.3% of gross
taken before the waterfallGP $213K
T1Return of Capital
$500,000 · 57.1% of gross
cap $500K · filled 100%LP $500K
T2Preferred Return (8%)
$162,500 · 18.6% of gross
cap $200K · filled 81%LP $163K
T4Residual Split (50% / 50%)
unreached at this exit · $0 → LP/GP
Where it lands · of gross proceeds
LP $663K (75.7%)Fees $213K (24.3%)GP $0 (0.0%)
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
$163K
Compare