Estimate GP carry after preferred return hurdle — simplified European whole-fund waterfall.
GP carried interest
$14,400,000 (20% of profit above hurdle)
LP total (after carry): $165,600,000 · MOIC 1.8×
Simplified European waterfall: carry applies only to profits above the hurdle (no catch-up modeled).
Waterfall breakdown
- Total profit (distributions − capital)
- $80,000,000
- Preferred return hurdle
- $8,000,000
- Profit above hurdle
- $72,000,000
- LP share of excess (after carry)
- $57,600,000
- GP carry as % of total profit
- 18%
Carried Interest Calculator helps you estimate gp carry after preferred return hurdle — simplified european whole-fund waterfall. It is commonly used by finance teams, founders, individual planners for carried interest calculator, private equity carry calculator, gp carry calculation.
What it calculates
Carried interest is the GP’s share of fund profits above a preferred return (hurdle) — commonly 20% in the “2 and 20” model.
This tool uses:
Carry = (Total profit − Hurdle) × Carry %
where Total profit = Total distributions − Committed capital.
Example (pre-filled)
$100M committed · $180M distributions · 8% hurdle (simple) · 20% carry → $14.4M GP carry.
Hurdle methods
- **Simple** — % of committed capital (one-shot preferred return)
- **Cumulative** — annual % × fund life years
- **Compounded** — `(1 + r)^years − 1` on committed capital
Limits
Real LPAs may include catch-up, clawback, American vs European waterfalls, and deal-level tiers. This is an illustrative model only.
Disclaimer: This calculator provides information only and is not financial, tax, or legal advice.