About
This skill provides specialized domain expertise for implementing and maintaining venture capital waterfall models, specifically focusing on the Phoenix VC fund structure. It handles both tier-based and ledger-based distribution engines, ensuring accurate calculation of General Partner (GP) carry and Limited Partner (LP) distributions. Its primary strength lies in managing shortfall-based partial clawback semantics, where GP carry is dynamically adjusted based on cumulative fund performance against LP capital and preferred returns, rather than simple time-based triggers. It is essential for developers working on financial analytics engines and fund accounting systems.
