Waterfalls
Carry Deferral & GP Special Tax Distribution Improvements
We've made it easier to add Carry Deferrals and GP Special Tax Distributions to waterfalls!
Under Capital Activity → Run Capital Event → Add Distribution → Run Waterfall → View Waterfall → Adjust Waterfall:
Users will notice a new and improved waterfall adjustment modal
Users can first select type of adjustment they’re doing:
GP Special Tax DistributionGP Special Tax Distribution RepaidCarry Deferral
If
GP Special Tax Distribution Repaidis selectedNew help text below "enter amount" field shows
Left to repay
As users type in
Enter Amountbox:The system now populates the
Participating PartnersandGPcolumns automatically
Improvements to Detailed Breakdown Table
Under Capital Activity → Distribution (create new or click into past distribution) → View Waterfall:
For
Return of CapitalandReturn Hurdletiers, we now display data in the following format:Total Due ITD
Paid Prior
Total Due Current Distribution
Owed After Current Distribution
We now show a more detailed breakdown of the math behind calculations for
GP Catch-uptiers
Fees
Adjusting Fee Postings
As part of our commitment to flexibility, we've exposed adjustments to fee postings. With this update, users can now adjust fee postings for individual LPs as needed.
Under Fees → Create Fee Posting → Review Fees (final screen):
Users can click three-dot menu in top right
Users can click
Adjust Fees By Investor EntityUsers can adjust
Gross FeesUsers can adjust
OffsetsUsers can adjust
Waivers(if applicable)
Usability
Adjustments Rounding Plugs & Stat Bar
Users can now use + and - buttons to make adjustments in increments of $0.01 or $1, depending on their fund's rounding methodology. In addition, users will now see a Net Adjustment stat bar at the top of the adjustments screen that updates in real-time as draft adjustments are being made.
Adjustments Bulk Copy-Paste
Users can now copy & paste multiple cells of adjustments from any other document (Excel, Notes, Sheets, etc.) into Maybern!