Waterfall Builder
European-style distribution waterfall with LP preferred return, return of capital, optional GP catch-up, and 2- or 3-tier promote splits.
Inputs
Distributable cash by year
Y1
Y2
Y3
Y4
Y5
Promote structure
✓ ReconciledLP + GP $2,115,000 = Distributable $2,115,000
LP IRR
17.64%
LP Multiple
2.08x
GP IRR
19.43%
GP Promote $
$31.5K
Year-by-year distributions
| Year | Distributable | LP Pref | LP Capital Returned | GP Catch-up | LP Residual | GP Residual | LP Total | GP Total |
|---|---|---|---|---|---|---|---|---|
| Y1 | $60,000 | $60,000 | $0 | $0 | $0 | $0 | $60,000 | $0 |
| Y2 | $75,000 | $75,000 | $0 | $0 | $0 | $0 | $75,000 | $0 |
| Y3 | $90,000 | $82,757 | $7,243 | $0 | $0 | $0 | $90,000 | $0 |
| Y4 | $110,000 | $71,421 | $38,579 | $0 | $0 | $0 | $110,000 | $0 |
| Y5 | $1,780,000 | $68,334 | $854,177 | $89,378 | $614,488 | $153,622 | $1,537,000 | $243,000 |
| Total | $2,115,000 | $1,872,000 | $243,000 | |||||