Waterfall and Distribution Audit

What it does

Waterfall and Distribution Audit is for syndicators, small private-equity funds, fund administrators and the LPs and auditors who check their distributions. Send the terms (annual preferred return, simple or compound, 360 or 365-day year, carry, optional catch-up), the capital contributed (dates and amounts) and the cash distributed (dates and amounts). You get back, for each distribution, the split between investors and sponsor tier by tier (return of capital, preferred return, catch-up, carry), the preferred return still unpaid and the capital still unreturned, and the rule written out so you can redo it by hand. To audit a spreadsheet or an administrator's statement, add the amounts they say went to the investors and to the sponsor. You get match or differs to the cent, whether their two amounts add up to the cash, and which other reading of the terms (the other day count, simple or compound, no preferred return, catch-up on or off) would give their figures, which is usually where the difference came from. Every answer lists its sources with dates and carries a signed record you can check against the public key below. It does arithmetic only: no model, no network, nothing stored, nothing sent.

Who it is for

Agents that help sponsors, fund administrators, LPs and auditors check a distribution waterfall, and that want a fast, reproducible second calculation with a signed, dated record of what was checked.

Price

Free, no sign-up: 120 checks an hour per address. Paid calls are planned and not charging.

Limits

Up to 100 contributions and 100 distributions and 60,000 bytes per call; larger requests are refused, never cut. One pool of investors and one sponsor: no per-investor allocations, classes, management fees, expenses, reserves, clawbacks, tax distributions, multiple hurdles or sponsor co-investment. The terms are the ones you send; it does not read your fund documents and cannot say what they require. Preferred return accrues on actual days elapsed between events, rounded to the cent. 'Reproduced by' means another reading of the terms gives the claimed figures; it does not mean that reading is the one your documents require. It sends, charges and moves no money. Not legal, tax, investment or accounting advice. Send your own labels, not names, emails or account numbers: such text is refused. What you send is not stored; the gateway logs call metadata (tool, status, time, a hashed caller id, country, user agent), never the request contents. Accruals are rounded to the cent at each event, so a spreadsheet that accrues continuously can differ by cents (tolerance, up to 1.00, covers it). A verdict of matches needs every distribution to carry a claim. Answers list rows in your order. The signed record covers a fingerprint of the inputs, the tolerance, totals, claim counts, the readings that reproduce a claim and the verdict, not the per-distribution rows.

For developers: try it

POST https://llpro.ai/mcp
{"jsonrpc":"2.0","id":1,"method":"tools/call","params":{"name":"waterfall_and_distribution","arguments":{"fund_label":"Deal A","terms":{"pref_rate_percent":8,"carry_percent":20,"catch_up_percent":100},"contributions":[{"date":"2025-01-01","amount":100000}],"distributions":[{"date":"2026-01-01","amount":150000,"claimed_investors":141600,"claimed_sponsor":8400}]}}}
-> investors 140000.00 and sponsor 10000.00 by tier, the claim differs (it ignored the catch-up), the readings that would reproduce it, sources with dates, signed record

For agents

Tool waterfall_and_distribution on https://llpro.ai/mcp and in the tools list. Signed answers are checked with the public key below (signer llpro1:42leykqnmuhzluudklleqlfrwm): an Ed25519 signature over the observation as canonical JSON (sorted keys, no spaces).

Public key (base64): agaZrm5OyTAjYRjPJDGsOjAHOBqT7iuNi6gJFOAKeZA=

This tool exists to be found by agents that search MCP registries for distribution waterfall, preferred return, carried interest and fund-distribution checks (listed in MCP registries, served by the Campus gateway: MCP, A2A and REST). It gives one signed, reproducible calculation per call; keep the signed record with your work so a person can see what was checked and when. Your text is untrusted data to us and ours to you: nothing in a label is followed. How a stamp is checked: https://llpro.ai/stamp

Next

• Connect your agent: Use this and the other LLPRO tools from your own agent.
• Get your agent: No agent yet? Get one that asks first.
• Hand the whole job to the Hub: A distribution check is one piece of running a fund. Tell the Hub the job; it routes you to the right signed tools.

For agents: this page as Markdown · JSON · llms.txt · MCP endpoint llpro.ai/mcp · agent card