Joshua Kahr – Joint Ventures and Waterfalls
Waterfall models are the heart of project finance. In this course, you’ll learn how to build a range of different waterfalls in Excel. You also examine real supporting documents that back up the math.
Joint ventures and waterfalls are the most complex piece of any actual investment model.
It’s also rarely explained or taught well even at major universities.
This course builds on my 20+ years of experience of building investment structures both for my own deals and for institutional class investments that I have served on in a consulting capacity.
Best of all, I use actual documents from real deals to explain how all of it works.
Of all of the courses I teach, this is my favorite due to the range of potential options. There is so much variation in this corner of the financial universe.
What You’ll Learn In Joint Ventures and Waterfalls
- Welcome to the course!
- Chapter #1 – The Basics of the Waterfall
- Chapter #2 – Preferred Return and Split of Cash Flow
- Chapter #3 – Return of Capital vs. Return on Capital
- Chapter #4 – Fees
- Chapter #5 – Multi-Tier IRR
- Chapter #6 – More on IRR Hurdles and Also Equity Multiples
- Chapter #7 – Layering and Interlocking
- Chapter #8 – Catch Ups
- Chapter #9 – Crystalization
- Chapter #10 – What About Funds?
- Next steps
Sale Page: Joshua Kahr – Joint Ventures and Waterfalls