You put in money as a limited partner; the GP finds the deal and runs it. Estimate the payoff: preferred return, cash-on-cash distributions, the waterfall split, equity multiple and projected IRR.
The simple yield: what the annual distributions pay on your invested dollars, before the exit.
Most deals pay LPs their preferred return (usually 7–9%) before the GP takes a promote.
The split at exit plus the timing of cash flows drive the true IRR — this model captures both.
All calculations run locally in your browser. Nothing is sent anywhere.
Model the passive deal, then check the asset itself.