Why it matters
It is where sponsor returns live — and where losses land first.
Related
- Preferred equity
Equity that carries a fixed priority return ahead of common equity.
- Capital stack
The layered financing in a deal, from senior debt (lowest risk and return) up through mezzanine, preferred equity and common equity (highest).
- Carried interest (carry)
The GP's share of profits above a hurdle. Typically around 20%.
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.