
Ep. 96 All Things Independent Sponsors, with Drew Brantley, Managing Director of Frisch Capital Partners
Investors & Operators
00:00
The Importance of Understanding the Waterfall of the Economics
Most people think they understand it, but I think until they actually see it, they don't really understand it. One of the things we always ask for is if we get a proposal from somebody and somebody's consiercally considering a capital provider,. We say, hey, will you give us a waterfall? That illustrates the math of the economics of the carry in the promote structure. It's not always as simple as everybody wants it to be.
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