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 · 85.2%$745K
Fees · 14.6%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions
Where each dollar goes
$875K
LP $745K · Fees $128K · GP $425
Gross proceeds at exit
$875K
FFees to Manager
$127,500 · 14.6% of gross
taken before the waterfall→ GP $128K
T28% Preferred Return on Unreturned Capital Contributions · Cumulative, non-compounding
$100,000 · 11.4% of gross
uncapped — takes what remains→ C $100K
T416% Capital Transaction Preferred Return · Only from Available Cash from Refinancing/Sale
$200,000 · 22.9% of gross
uncapped — takes what remains→ C $200K
T6Operations residual: shares pro rata with Class B in the 40% pool (no catch-up) · Operations only
$35,400 · 4.0% of gross
uncapped — takes what remains→ C $35K
T7Capital event residual: shares pro rata with Class B in the 80% pool · Cap events (refi/sale) only
$8,496 · 1.0% of gross
uncapped — takes what remains→ C $8K
Where it lands · of gross proceeds
LP $745K (85.2%)Fees $128K (14.6%)GP $425 (0.0%)
LPFeesGPhover a tier for the formula · click to pin
Tier-by-tier traceSame numbers, tabular. Click to expand.▾
Tier-by-tier trace
Same numbers, tabular. Click to expand.
Distributions
T2
8% Preferred Return on Unreturned Capital Contributions · Cumulative, non-compounding
Class C
$100K
T4
16% Capital Transaction Preferred Return · Only from Available Cash from Refinancing/Sale
Class C
$200K
T6
Operations residual: shares pro rata with Class B in the 40% pool (no catch-up) · Operations only
Class C
$35K
T7
Capital event residual: shares pro rata with Class B in the 80% pool · Cap events (refi/sale) only
Class C
$8K