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Running the numbers on
MHPI III, LLC· MHP Portfolio, LLC and RV Horizons, Inc.
Back to fund
Class B IRR
9.4%
annualized, this class
Class B Multiple
1.56×
$391K
LP Take
52.7%
of gross, fund-level
GP Take
47.3%
incl. fees, fund-level
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 · 52.7%$461K
Fees · 20.2%
GP · 27.1%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions

Where each dollar goes

$875K
LP $461K · Fees $177K · GP $237K
Gross proceeds at exit
$875K
FFees to Manager
$176,650 · 20.2% of gross
taken before the waterfallGP $177K
T2Operating residual - Class B share · Of Class B's allocable share of remaining operating cash
$349,175 · 39.9% of gross
uncapped — takes what remainsB $349K
T4Return of Unreturned Capital Contributions (refi/sale) · Until Unreturned Capital Contributions reduced to zero; pro rata across all Members with UCC
$41,901 · 4.8% of gross
uncapped — takes what remainsB $42K
Where it lands · of gross proceeds
LP $461K (52.7%)Fees $177K (20.2%)GP $237K (27.1%)
LPFeesGPhover a tier for the formula · click to pin
Tier-by-tier trace
Same numbers, tabular. Click to expand.
Distributions
T2
Operating residual - Class B share · Of Class B's allocable share of remaining operating cash
Class B
$349K
T4
Return of Unreturned Capital Contributions (refi/sale) · Until Unreturned Capital Contributions reduced to zero; pro rata across all Members with UCC
Class B
$42K
Compare