Returns illustrator · European waterfall · J-curve
Model your commitment.
Illustrative only — not a forecast or guarantee. The single-period view drives the European-style waterfall: return of capital, 8% p.a. preferred return, 100% GP catch-up, then 80/20 carry split. The J-curve view schedules capital calls and distributions across the full fund life and computes real XIRR, DPI, RVPI and TVPI on the dated cashflow stream.
Inputs
Waterfall mechanics
Capital returned first, then 8% p.a. preferred return (compounded annually). GP catch-up at 100% until the GP has received 20% of total profits. Remaining profits split 80% LP / 20% GP. Fund-level, fully cross-collateralised.
Waterfall output
LP outcome
Save and export this scenario
Create a free investor account to save scenarios to your dashboard and download them as branded PDFs.
Does not account for management fees on invested NAV, transaction costs, withholding taxes or recycling. Gross MOIC is a fund-level multiple before fees and carry.
Investor deck — base case
At the default inputs (USD 10M commitment · 2.2× gross MOIC · 5 years): LP receives approximately USD 19.6M — a net MOIC of ~1.96×. This matches the Fund I investor deck base case. All figures illustrative.