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Running the numbers on
MHPI III, LLC· MHP Portfolio, LLC and RV Horizons, Inc.
Back to fund
LP IRR
-8.3%
annualized
LP Multiple
0.65×
$323K
LP Take
64.7%
of gross proceeds
GP Take
35.3%
incl. fees
Fee Drag
35.3%
$177K
Dollar split

Where your dollar goes

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

Total gross proceeds$500,000
LP · 64.7%$323K
Fees · 35.3%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions

Where each dollar goes

$500K
LP $323K · Fees $177K · GP $0
Gross proceeds at exit
$500K
FFees to Manager
$176,650 · 35.3% of gross
taken before the waterfallGP $177K
T1Return of Capital
$323,350 · 64.7% of gross
cap $500K · filled 65%LP $323K
T2Preferred Return (8%)
unreached at this exit · $0 → LP
would fill $200K — raise the exit to watch it fill
T4Residual Split (50% / 50%)
unreached at this exit · $0 → LP/GP
Where it lands · of gross proceeds
LP $323K (64.7%)Fees $177K (35.3%)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
$323K
Compare