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Running the numbers on
MHPI III, LLC· MHP Portfolio, LLC and RV Horizons, Inc.
Back to fund
LP IRR
6.9%
annualized
LP Multiple
1.40×
$698K
LP Take
79.8%
of gross proceeds
GP Take
20.2%
incl. fees
Fee Drag
20.2%
$177K
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 · 79.8%$698K
Fees · 20.2%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions

Where each dollar goes

$875K
LP $698K · Fees $177K · GP $0
Gross proceeds at exit
$875K
FFees to Manager
$176,650 · 20.2% of gross
taken before the waterfallGP $177K
T1Return of Capital
$500,000 · 57.1% of gross
cap $500K · filled 100%LP $500K
T2Preferred Return (8%)
$198,350 · 22.7% of gross
cap $200K · filled 99%LP $198K
T4Residual Split (50% / 50%)
unreached at this exit · $0 → LP/GP
Where it lands · of gross proceeds
LP $698K (79.8%)Fees $177K (20.2%)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
$198K
Compare