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Running the numbers on
MHPI IV, LLC· MHP Portfolio, LLC and RV Horizons, Inc.
Back to fund
Class B IRR
17.8%
annualized, this class
Class B Multiple
2.27×
$568K
LP Take
76.3%
of gross, fund-level
GP Take
23.7%
incl. fees, fund-level
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
T18% Preferred Return on Unreturned Capital (Operating) · pro rata with Class C based on relative Unreturned Capital Contributions
$100,000 · 11.4% of gross
uncapped — takes what remainsB $100K
T22% Bonus Return on Unreturned Capital (Operating) - Class B only · Solely to Class B Members; Class C and Class A receive nothing at this tier
$467,500 · 53.4% of gross
uncapped — takes what remainsB $468K
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
8% Preferred Return on Unreturned Capital (Operating) · pro rata with Class C based on relative Unreturned Capital Contributions
Class B
$100K
T2
2% Bonus Return on Unreturned Capital (Operating) - Class B only · Solely to Class B Members; Class C and Class A receive nothing at this tier
Class B
$468K
Compare