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European Waterfall Modeler

Middle Eastern institutional capital almost exclusively prefers European (whole-fund) waterfall structures to align GP/LP incentives. Model the distribution split below.

Fund Parameters

Total Contributed Capital ($M)

Total Distributions ($M)

Preferred Return / Hurdle ($M)

Dollar value of the 8% (or similar) preferred return.

Carried Interest (%)

LP vs GP Split ($M)

1. Return of Capital

2. Preferred Return (LP)

3. GP Catch-up

4. 80/20 Split Phase (LP/GP)

Total LP

Total GP (Carry)

JavaScript Required: A European waterfall requires returning 100% of contributed capital + pref before any GP catch-up is paid.