Waterfall Calculation - 80/20 Split

TRANSACTION
Date
Capital Investe $(10,000,000) 12/31/2020
Proceeds $ 30,000,000 12/31/2025
EQUITY PARTICIPANTS
GP
Limited Partners
EQUITY PARTICIPATION TERMS
Return of principal to Limited Partners plus an 8% cummulative
Then 80 / 20 split between GP / LP.
IRR HURDLES
LP IRR Hurdle
Principal 0.0%
Preferred Retur 8.0%
PROCEEDS REQUIRED TO ACHIEVE HURDLES
Proceeds Required
by LP for Hurdle
Principal 10,000,000
Principal + Pref 14,693,281
WATERFALL
IRR Achieved 24.6%
First Distribution:
Limited Partner 14,693,281 100.0%

Proceeds Remai 15,306,719

Second Distribution:
GP 3,061,344 20.0%
Limited Partner 12,245,375 80.0%
GRAND TOTAL PROCEEDS
GP 3,061,344 10.2%
Limited Partner 26,938,656 89.8%
TOTAL 30,000,000
 COMMENTS

% cummulative return on principal.

*Remaining Proceeds Split Pro
*Remaining Proceeds Split Pro

*Matches Transaction Proceed

oceeds Split Pro Rata
oceeds Split Pro Rata

saction Proceeds