Waterfalls
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Running the numbers on
SPARK FUND ONE LLC· Vita Senior Living
Back to fund
LP IRRⓘ
13.5%
annualized
LP Multipleⓘ
1.88×
$940K
LP Takeⓘ
94.0%
of gross proceeds
GP Takeⓘ
6.0%
incl. fees
Fee Dragⓘ
6.0%
$60K
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 · 94.0%$940K
Fees · 6.0%
Limited PartnersFees to ManagerGP Promote
Cascade · Distributions

Where each dollar goes

$1M
LP $940K · Fees $60K · GP $0
GROSS PROCEEDS$1MGPFFees to Manager$60,000 · 6.0% of grossLPT1Return of Capital$500,000 · 50.0% of grossLPT2Preferred Return (8%)$200,000 · 20.0% of grossLPGPT4Residual Split (100% / 0%) · 24.0%Limited Partners · $240KGeneral Partner · $0$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 (8%)
Limited Partners
$200K
T4
Residual Split (100% / 0%)
Limited Partners
$240K
T4
Residual Split (100% / 0%)
General Partner
$0
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