GP · Fund · Per exit
Distribute exit proceeds
Exit proceeds go out to LPs on the LPA’s waterfall, recorded, booked and explained to each LP.
PlanDistribute exit proceeds
Run the waterfall
HeldOperator runs your LPA’s waterfall on the proceeds, citing each clause: return of capital, preferred return, catch-up and carry.
OperatorDraft each LP’s share
HeldChecks the pro-rata split of the LP total, then drafts each LP’s amount, what it counts as, and the journal lines.
OperatorCheck the waterfall
HeldYour accountant checks the waterfall and the amounts against the LPA.
PersonAccountant approvesApprove and send the wires
HeldYou approve the amounts and send the wires from the fund’s bank.
PersonGP approvesRecord the distribution
HeldRecords the paid distribution with each LP’s amount, once the wires are out.
API actionGP confirmsBook it on the ledger
HeldPosts one entry for the realized gain, the carry allocation and the distribution, once your accountant confirms it.
API actionAccountant confirmsSend each LP their notice
HeldSends every LP a notice with their amount and what it counts as, behind one approval.
API actionper LPGP approves all in one goShow the result
HeldReads the fund’s performance after the distribution. You see each LP’s amount, a junior sees the total, and each LP sees only their own.
API action
The plan as it runs: each step waits for the one before it, and stops at its gate until the owner approves.
At a glance
Who runs it, and when
- Who runs it
- GP
- What starts it
- Proceeds from an exit or a secondary sale land in the fund’s bank account.
- How often
- Per exit
- Vehicle
- Fund
Ask Operator
Start it in a sentence
Ask Operator in chat. It drafts the plan for your fund, and nothing runs until you release it.
- You
We got the proceeds from the acquisition, distribute them to LPs.
- You
Run the waterfall on the sale proceeds and pay out.
- You
Distribute the secondary sale proceeds.
The outcome
The proceeds are paid out on your LPA’s waterfall, recorded and booked, with your accountant’s and your sign-off first, and every LP has a notice with their amount.
What it proves
- Runs your LPA’s waterfall on the real proceeds and cites the clauses it used.
- Moves no money until your accountant and you have each signed off.
- Records, books and notifies from the same approved figures, with no retyping.
- Sends every LP their notice behind one approval.
- Shows each viewer only what they should: an LP sees their own amount, a junior the total.