Carried Interest Waterfall Calculator

Model how fund proceeds split between LPs and the GP, tier by tier — European vs American, with hurdle and catch-up. Free, no signup.

Fund size

USD

Exit multiple

Years to exit

Carried interest

Preferred return (hurdle)

GP catch-up

Waterfall structure

Enter your fund terms and click Calculate split to see the tier-by-tier waterfall.

Fundry reads your real LPA and computes this with section citations — plus DDQs, tax review, and FP&A.