Waterfalls
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Running the numbers on
Nico Echo Park, Benefit Corp· Nico Asset Management LLC
Back to fund
LP IRRⓘ
21.6%
annualized
LP Multipleⓘ
2.66×
$1M
LP Takeⓘ
88.7%
of gross proceeds
GP Takeⓘ
11.3%
incl. fees
Fee Dragⓘ
11.3%
$170K
Dollar split

Where your dollar goes

Every dollar of gross proceeds traced through the waterfall at the current exit.

Total gross proceeds$1,500,000
LP · 88.7%$1M
Fees · 11.3%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions

Where each dollar goes

$2M
LP $1M · Fees $170K · GP $0
GROSS PROCEEDS$2MGPFFees to Manager$170,000 · 11.3% of grossLPT1Return of Capital$500,000 · 33.3% of grossLPT2Preferred Return (75%)$830,000 · 55.3% of gross$pool fully distributed
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 (75%)
Limited Partners
$830K
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