GP/LP carry waterfall

Compute return of capital, preferred return, GP catch-up, and tiered carry; roll results into per-investor DPI, RVPI, TVPI, MOIC, and IRR.

RBL Treasury And Structured Capital · Structuring · v1

Quality-uplift proof

Quality lift unmeasured

Registry maturity does not prove response or artifact quality. No qualifying same-model skill-on versus no-skill improvement has been verified.

Required comparison: same model with this skill enabled versus the same model without the skill.

Policy visibility is not execution proof. Authentication is checked before a run.

Partially available

Some declared steps need additional operator access or setup.

Partially available

Some declared steps need additional operator access or setup.

Review approval is required before consequential use.

Declared; runtime enforcement pending

This gate is declared but not yet bound to an executable runtime check. Treat it as uncleared.

Blocks: payment

Declared; runtime enforcement pending

This gate is declared but not yet bound to an executable runtime check. Treat it as uncleared.

Blocks: external release, payment

Waterfall Markdown is missing or unverified: CRUX abstains until the required evidence is supplied and validated.

Preview capability: useful but incomplete eval or SME coverage; human review required.
Do not use to calculate an executable LPA distribution, a deal-by-deal/European hybrid waterfall, time-weighted preferred return on contribution lots, NAV-based carry crystallization, escrow/clawback/giveback, side-letter or tax allocations, actual partner capital accounts, or investor statements.

No workflow relationship is declared.

Authentication and the required buyer profile are checked before any work runs.