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Running the numbers on
MHPI IV, LLC· MHP Portfolio, LLC and RV Horizons, Inc.
Back to fund
LP IRR
5.9%
annualized
LP Multiple
1.33×
$668K
LP Take
76.3%
of gross proceeds
GP Take
23.7%
incl. fees
Fee Drag
23.7%
$208K
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 · 76.3%$668K
Fees · 23.7%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions

Where each dollar goes

$875K
LP $668K · Fees $208K · GP $0
Gross proceeds at exit
$875K
FFees to Manager
$207,500 · 23.7% of gross
taken before the waterfallGP $208K
T1Return of Capital
$500,000 · 57.1% of gross
cap $500K · filled 100%LP $500K
T2Preferred Return (8%)
$167,500 · 19.1% of gross
cap $200K · filled 84%LP $168K
T4Residual Split (20% / 80%)
unreached at this exit · $0 → LP/GP
Where it lands · of gross proceeds
LP $668K (76.3%)Fees $208K (23.7%)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
$168K
Compare