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Running the numbers on
MHPI VII, LLC· Elevation Events, LLC (d/b/a Elevation Capital Group)
Back to fund
LP IRR
8.2%
annualized
LP Multiple
1.48×
$741K
LP Take
84.7%
of gross proceeds
GP Take
15.3%
incl. fees
Fee Drag
10.6%
$93K
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 · 84.7%$741K
Fees · 10.6%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions

Where each dollar goes

$875K
LP $741K · Fees $93K · GP $41K
Gross proceeds at exit
$875K
FFees to Manager
$92,500 · 10.6% of gross
taken before the waterfallGP $93K
T1Return of Capital
$500,000 · 57.1% of gross
cap $500K · filled 100%LP $500K
T2Preferred Return (8%)
$200,000 · 22.9% of gross
cap $200K · filled 100%LP $200K
T4Residual Split (50% / 50%)
$82,500 · 9.4% of gross
uncapped — takes what remainsLP $41K · GP $41K
Where it lands · of gross proceeds
LP $741K (84.7%)Fees $93K (10.6%)GP $41K (4.7%)
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
$200K
T4
Residual Split (50% / 50%)
Limited Partners
$41K
T4
Residual Split (50% / 50%)
General Partner
$41K
Compare