Class A
also known as: multi-class · class b · share classes
When sponsors slice the cap stack, how class-level waterfalls change LP outcomes, and what to ask before you pick a class.
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Multi-Class Equity Structures (A/B/I shares) →7 min read · structure
Related terms
- Class BWhen sponsors slice the cap stack, how class-level waterfalls change LP outcomes, and what to ask before you pick a class.
- Multi-ClassWhen sponsors slice the cap stack, how class-level waterfalls change LP outcomes, and what to ask before you pick a class.
- Share ClassesWhen sponsors slice the cap stack, how class-level waterfalls change LP outcomes, and what to ask before you pick a class.
- 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.
- LPAThe sections that matter, the sections to skim, and where the waterfall language actually lives.
- MFNWhat gets negotiated, who gets MFN, and why MFN scope matters more than the headline term.
- Most-Favored-NationWhat gets negotiated, who gets MFN, and why MFN scope matters more than the headline term.
- PPMThe sections that matter, the sections to skim, and where the waterfall language actually lives.