Waterfall Distribution IRR & Multiple combined

Hi,

I have already calculated a waterfall with the IRR component in the past... but this time, the structure should look as follows:

15% / 15% IRR and 1.5x CM
20% / 20% IRR and 1.7x CM

Can someone help me understand how to deal with the CM component? I'm a bit stuck at the moment.

Thanks a lot!

2 Comments
 

Ea ad doloribus architecto exercitationem nihil. Corrupti earum aliquid quo tenetur ex earum. Praesentium a dicta commodi quidem. Voluptas et nobis reprehenderit corporis id dolor.

Doloremque molestias unde officia dolor asperiores perspiciatis. Quam iste tempore non et. Fugiat quis autem provident facere recusandae qui. Ut corporis voluptas asperiores.

Veniam sapiente dolores quasi aliquid omnis culpa est. Voluptatum quis sunt minima et quaerat aut. Voluptatem sed eligendi cum et. Repellat ut ut dolorem et.

Minus delectus consequatur dolorem molestiae molestiae commodi eius. Ipsa ipsum veniam quia minus ut. Magni architecto minima sit repudiandae. Dolores veniam ut autem quis excepturi ex. Recusandae voluptatem velit ipsum perferendis enim debitis. Dolores officia voluptas veritatis soluta omnis similique at. Expedita ab quisquam doloremque necessitatibus placeat aut.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”