Dollar split
Where your dollar goes
Every dollar of gross proceeds traced through the waterfall at the current exit.
Total gross proceeds$1,000,000
LP · 83.8%$838K
Fees · 12.8%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions
Where each dollar goes
$1M
LP $838K · Fees $128K · GP $35K
Gross proceeds at exit
$1M
FFees to Manager
$127,500 · 12.8% of gross
taken before the waterfall→ GP $128K
T1Return of Capital
$500,000 · 50.0% of gross
cap $500K · filled 100%→ LP $500K
T2Preferred Return (8%)
$200,000 · 20.0% of gross
cap $200K · filled 100%→ LP $200K
T4Residual Split (80% / 20%)
$172,500 · 17.3% of gross
uncapped — takes what remains→ LP $138K · → GP $35K
Where it lands · of gross proceeds
LP $838K (83.8%)Fees $128K (12.8%)GP $35K (3.5%)
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
T1
Return of Capital
Limited Partners
$500K
T2
Preferred Return (8%)
Limited Partners
$200K
T4
Residual Split (80% / 20%)
Limited Partners
$138K
T4
Residual Split (80% / 20%)
General Partner
$35K