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 · 93.1%$931K
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions
Where each dollar goes
$1M
LP $931K · Fees $44K · GP $26K
Gross proceeds at exit
$1M
FFees to Manager
$43,750 · 4.4% of gross
taken before the waterfall→ GP $44K
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 (90% / 10%)
$256,250 · 25.6% of gross
uncapped — takes what remains→ LP $231K · → GP $26K
Where it lands · of gross proceeds
LP $931K (93.1%)Fees $44K (4.4%)GP $26K (2.6%)
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 (90% / 10%)
Limited Partners
$231K
T4
Residual Split (90% / 10%)
General Partner
$26K