Leveraged Breakdowns

REPE Waterfall Breakdown

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  • #23670
    roryhcompton
    Participant

    In the breakdown of the waterfall under pari passu, why are we deducting the LCF, but adding in the coupon?  Shouldn’t we be deducting the coupon for that tier out of the LCF and carrying the remainder to the next promote?

    #23671
    roryhcompton
    Participant

    Also it appears the CF at pari passu under gross LCF to distribute is the same as that in tier III.

    #23672
    roryhcompton
    Participant

    Disregard this post.  I am still lost, but I believe I am seeing the logic.

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