Scribd Logo
Upload

Welcome to Scribd!

  • Carried Interest Waterfall With Catch Up

    Uploaded by

    ricgordon
    161 views4 pages
    This document outlines the details of an investment including capital invested, proceeds, equity participants, proceeds required to achieve hurdles, the waterfall distribution of proceeds, and gross value of carried interest for the general partner under different scenarios. It shows that $3.2 million was invested in 2019 with projected proceeds of $4.9 million in 2024. The proceeds will be distributed first to limited partners to achieve their hurdle of 10% IRR, then any remaining amounts split 80% to limited partners and 20% to the general partner.

    Original Description:

    Carried Interest Waterfall with Catch Up Model

    Original Title

    Carried Interest Waterfall with Catch Up

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document outlines the details of an investment including capital invested, proceeds, equity participants, proceeds required to achieve hurdles, the waterfall distribution of proceeds, and gross value of carried interest for the general partner under different scenarios. It shows that $3.2 million was invested in 2019 with projected proceeds of $4.9 million in 2024. The proceeds will be distributed first to limited partners to achieve their hurdle of 10% IRR, then any remaining amounts split 80% to limited partners and 20% to the general partner.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    161 views4 pages

    Carried Interest Waterfall With Catch Up

    Uploaded by

    ricgordon
    This document outlines the details of an investment including capital invested, proceeds, equity participants, proceeds required to achieve hurdles, the waterfall distribution of proceeds, and gross value of carried interest for the general partner under different scenarios. It shows that $3.2 million was invested in 2019 with projected proceeds of $4.9 million in 2024. The proceeds will be distributed first to limited partners to achieve their hurdle of 10% IRR, then any remaining amounts split 80% to limited partners and 20% to the general partner.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 4

    x Waterfall Calculation - incl.

    catch up
    TRANSACTION
    Item Cash Flows Date
    Capital Invested ($ (3,200,000) 12/31/2019
    Proceeds $ 4,913,794 6/30/2024

    x EQUITY PARTICIPANTS

    GP
    Limited Partners

    x PROCEEDS REQUIRED TO ACHIEVE HURDLES

    Proceeds Required
    by LP for Hurdle
    LP Hurdle 4,524,357 1,713,794 342,759
    GP Proceeds 342,759

    x WATERFALL

    Gross IRR 10.0%

    First Distribution:
    Limited Partners 4,524,357 1.54

    Proceeds Remaining 389,437


    Gain Allocated to LP 1,324,357

    Second Distribution:
    GP 342,759
    Limited Partners 46,678

    x GRAND TOTAL PROCEEDS


    % Proceeds % of Gain
    GP 342,759 7.0% 20.0%
    Limited Partners 4,571,035 93.0% 80.0%
    TOTAL 4,913,794 100.0% 100.0%
    Net IRR to LPs 8.3%
    Personnal Share 5,141
    x @ 70% 3,599
    Gross Value of Carried Interest
    IRR 10.0% 5,141 50.0% 60.0% 70.0%
    Hold Period 4.5 8.0%
    Hurdle 8.0% 8.5%
    Perf Fee 20.0% 9.0%
    % Catch Up 90.0% 9.5%
    % of Carry Pool 1.5% 10.0%
    5 Year Vesting 70.0% 10.5%
    11.0%
    11.5%
    12.0%
    12.5%
    13.0%
    13.5%
    14.0%

    Gross Value of Carried Interest if Leave after 5 Years

    50.0% 60.0% 70.0%


    8.0% #VALUE! #VALUE! #VALUE!
    8.5% #VALUE! #VALUE! #VALUE!
    9.0% #VALUE! #VALUE! #VALUE!
    9.5% #VALUE! #VALUE! #VALUE!
    10.0% #VALUE! #VALUE! #VALUE!
    10.5% #VALUE! #VALUE! #VALUE!
    11.0% #VALUE! #VALUE! #VALUE!
    11.5% #VALUE! #VALUE! #VALUE!
    12.0% #VALUE! #VALUE! #VALUE!
    12.5% #VALUE! #VALUE! #VALUE!
    13.0% #VALUE! #VALUE! #VALUE!
    13.5% #VALUE! #VALUE! #VALUE!
    14.0% #VALUE! #VALUE! #VALUE!
    80.0% 90.0% 100.0%

    ve after 5 Years

    80.0% 90.0% 100.0%


    #VALUE! #VALUE! #VALUE!
    #VALUE! #VALUE! #VALUE!
    #VALUE! #VALUE! #VALUE!
    #VALUE! #VALUE! #VALUE!
    #VALUE! #VALUE! #VALUE!
    #VALUE! #VALUE! #VALUE!
    #VALUE! #VALUE! #VALUE!
    #VALUE! #VALUE! #VALUE!
    #VALUE! #VALUE! #VALUE!
    #VALUE! #VALUE! #VALUE!
    #VALUE! #VALUE! #VALUE!
    #VALUE! #VALUE! #VALUE!
    #VALUE! #VALUE! #VALUE!

    You might also like