American waterfall
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Mar 24, 2025 by Ed Grefenstette · across every show →
Everything said about American waterfall, oldest first
Mar 24, 2025 negative
LPs agreeing to American deal-by-deal carry waterfalls is absurd
“So professionally, I wonder how any LP could agree to terms where there's an American waterfall. Okay, and for those who are uninitiated on this topic, an American waterfall pays the GP a carry on a deal-by-deal basis. Okay, imagine the absurdity of this in an…”