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Glossary · Fund economics

Catch-up

A clause that lets the GP catch up to its full carry share once the hurdle has been paid to LPs.

Why it matters

It turns a soft hurdle into a fairer share of the total profit.

Related

Carried interest (carry)
The GP's share of profits above a hurdle. Typically around 20%.
Hurdle / preferred return
The minimum LP return — often around 8% — that must be paid before the GP earns carry.
Waterfall
The contractual order in which proceeds are distributed between LPs and GP.

Words are easy. A match is hard.

GPX turns one deal document into a ranked, briefed shortlist of the lenders and investors that actually fit — debt and equity.

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