Blog
August 3, 2026
A standard 80/20 promote with a 7% pref and 20% catch-up looks simple on paper, but in a real fund those tiers can swing your LP net IRR by hundreds of basis points. Here is the math behind tiered waterfalls and how to keep yours honest.
LP/GP
carry
excel
irr
portfolio-analytics
private-equity
promote
waterfall
(more...)
July 28, 2026
Your NAV doesn't match the GP portal. Before you panic, walk through this systematic checklist to find the source — most discrepancies trace back to fee treatment, ROC classification, or valuation timing.
GP reporting
LP monitoring
NAV
management fees
portfolio tracking
reconciliation
remaining capital
return of capital
(more...)
July 16, 2026
A 2.0x multiple sounds impressive until you realize it took ten years. MOIC and IRR answer fundamentally different questions, and relying on either one alone can distort your view of investment performance.
MOIC
irr
passive-investing
portfolio-analytics
private-equity
real-estate
(more...)
July 13, 2026
A family office imported two years of transaction history and discovered that management fees had been coded as distributions across three funds, inflating IRR by 1.4% and creating a $18,000 tax basis error their CPA nearly missed.
cashflow
family-office
fee-audit
irr
lp-gp
management fees
misclassification
portfolio-management
private-equity
tax-basis
(more...)
July 9, 2026
When K-1s from six different sponsors arrive on six different timelines in six different formats, reconciliation becomes a full-time job. Here is how a unified cashflow record turns K-1 season from chaos into a checklist.
LP investing
cpa
k-1
multi-sponsor
portal-fatigue
real-estate-syndication
tax-reconciliation
(more...)
