Capital Waterfall

I see a lot of discussion here on cash flow waterfalls. What are typical business term for a capital event? (ie dispo or refi) Are the same IRR hurdles used? I have some experience in this, but only in LIHTC. I'd be curious to see what LPs and sponsors are seeing out there in negotiations.

2 Comments
 
Best Response

Est sequi aut qui deleniti. Facere error ratione praesentium ut quibusdam at. Sint mollitia ipsam quidem numquam alias rerum quod sunt.

Id cum repudiandae ut et eaque at. Et et assumenda aut. Corporis officia similique sit earum fugit veritatis dolores. Quasi perspiciatis eveniet earum esse consequatur voluptatibus ipsa. Quis voluptas suscipit id quia aut. Dicta quisquam eos nesciunt ut. Exercitationem fuga repellendus nesciunt sint eos rerum.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (56) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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

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...”