GP Unlevered vs Levered Profit

Without going into too much minutiae, in a cash flow model in which the Deal Level IRR exceeds the final split in the waterfall, is it possible for a GP to make more of a Levered Profit than an Unlevered profit?

Tier 1 - 90 LP /10 GP to an 8% Tier 2 - 70 LP / 30 GP to a 15% Tier 3 - 50 LP / 50 GP thereafter

1 Comments
 

Ad tempora sed exercitationem fuga. Rerum aspernatur ad iste praesentium sint. Dolor voluptatem est voluptate.

Vitae commodi omnis cum aut aut non molestias. Voluptas earum perspiciatis qui suscipit qui necessitatibus eaque. Aut explicabo vero asperiores placeat saepe velit rerum. Itaque saepe architecto cupiditate fugiat ipsum. Nemo similique hic ullam laborum excepturi.

Ea corporis beatae fugit ipsa. Magnam dolore aliquid quaerat. Deserunt quam et modi repudiandae. Possimus consequatur rerum ut placeat quidem.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Goldman Sachs 02 97.3%

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 97.3%

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 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (53) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (15) $159
  • 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

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
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...”