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    Distribution Waterfall

    PE Distribution Waterfall Explained: The Math That Determines Whether LPs Get Paid Before the GP
    Private Equity

    PE Distribution Waterfall Explained: The Math That Determines Whether LPs Get Paid Before the GP

    PE Distribution Waterfall: How LPs Get Paid PE Distribution Waterfall Explained: The Math That Determines Whether LPs Get Paid Before the GP TL;DR: A distribution waterfall is a contractual sequence t

    Jeff Barnes, MBA·Jun 28, 2026·11 min read
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