FREE EQUITY CALCULATOR
JV Waterfall Calculator
Split available cash between LP and GP after preferred return and capital return.
INDICATIVE RESULT
€7,570,000LP total distribution€7,570,000
GP total distribution€1,430,000
Residual cash subject to promote€3,100,000
Calculated directly from the assumptions shown.
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How the jv waterfall calculation works
Cash first pays the LP preferred claim and capital; residual cash is split at the selected LP/GP sharing ratio.
Example calculation
The calculator applies a simple whole-deal preference and one residual promote tier to total distributable cash.
INVESTMENT USE
How professionals use the result
Use this to understand waterfall order. Use the full workbook for dated contributions, multiple tiers, hurdle accrual and reconciliation.
Common mistakes
- Applying the promote before returning capital
- Ignoring GP capital
- Using project IRR instead of partner IRR
- Treating an annual hurdle as a flat percentage
CLEAR ANSWERS