Private Equity Cap Table & Preferred Return Waterfall

Model commercial real estate and business syndications. Underwrite 8% preferred returns, LP/GP equity ownership, and promote splits.

Syndication Equity Structure

Total Equity Capital Raise ($)

Annual Distributable Cash ($ / yr)

LP Class A Equity Share (%)

Preferred Return Hurdle (%)

Promote Split Above Pref (LP / GP)

Target Hold Period (Years)

8.0% PREF SATISFIED

LP Annual Cash Distribution

$124,000 / yr

GP Sponsor Promote Cash

+$16,000 / yr

LP 5-Year Cash-on-Cash & MoIC Multiple

13.8% LP Cash Yield

Includes $72k baseline preferred return + $52k pro-rata promote cash flow distribution.