← Glossary
Whole-of-Fund Waterfall (European Waterfall)
A distribution order that returns all contributed capital and the preferred return to investors before the general partner receives any carried interest.
Orivade keeps this on the investor's record — linked to the email or document it came from, so the current status is one search away the moment an LP asks.
See also
- Deal-by-Deal Waterfall (American Waterfall)A distribution order that pays the general partner carried interest as each investment is realized, before the fund's overall result is known.
- WaterfallThe formula that determines how a fund's distributions are split between LPs and the GP, governed by the hurdle rate and carried-interest terms in the LPA.
- Hurdle Rate (Preferred Return)The minimum return a fund must deliver to its LPs before the GP starts earning carried interest, set in the LPA and accrued on a defined basis.
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