Catchup
also known as: catch-up · gp catch-up
Full vs. partial catch-up: how the GP claws their way to the headline split after the LP gets the pref.
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The Catch-Up Provision →7 min read · waterfalls
Related terms
- Catch-UpFull vs. partial catch-up: how the GP claws their way to the headline split after the LP gets the pref.
- GP Catch-UpFull vs. partial catch-up: how the GP claws their way to the headline split after the LP gets the pref.
- Carried InterestDefinitions, common splits (80/20, 70/30, tiered promotes), and the tax background that shapes them.
- CarryDefinitions, common splits (80/20, 70/30, tiered promotes), and the tax background that shapes them.
- Distribution WaterfallHow private fund profits flow to LPs and GPs through the four standard tiers — return of capital, preferred return, catch-up, and carried interest.
- GP SplitDefinitions, common splits (80/20, 70/30, tiered promotes), and the tax background that shapes them.
- HurdleTypical 6–9% bands, simple vs. compounded, accrual vs. current pay — the hurdle the GP has to clear before they earn carry.
- Hurdle RateTypical 6–9% bands, simple vs. compounded, accrual vs. current pay — the hurdle the GP has to clear before they earn carry.