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You partner with an Institutional LP that requires a cumulative waterfall structure. The institution invests $ 9 8 0 , and MP invests $ 2
You partner with an Institutional LP that requires a cumulative waterfall structure. The institution invests $ and MP invests $
Tier : IRR LP gets of cash flow
Tier : IRR MP gets promotion, with balance split paripassu
Tier : IRR MP gets promotion, with balance split paripassu
What does the cash flow in Year have to be for the MP to earn double the institution IRR for the given set of cash flows, Year $ Year $ Year $ Year TBD
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