Syndicator statement
Per investor: capital in, deployed, earned buckets, distributions, owed.
Owed = earned − distributions paid − settled to house.
How this is calculated
Earned = principal returned + profit accrued + management fees + bank-fee share + commission recovered (the commission they fronted, coming back pro-rata with collections). Commission fronted is what they put up for it at funding. Profit accrues with collections: each deal's profit on their slice × the share of its payback collected so far. A partner settling on a monthly P&L accrues it at 100%; each finalized statement then takes the house's share out of growth past cost (Settled to house), which is why the Partner P&L reads $0 until a deal's collections pass its cost. Owed = earned − distributions paid − settled to house.
| Syndicator | Capital in (net) | True cost to fund | Principal returned | Profit accrued | Mgmt fees | Bank-fee share | Commission recovered | Earned | Commission fronted | Distributions paid | Settled to house | Owed |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cobalt Partners | $200,000.00 | $73,600.00 | $13,584.32 | $2,513.73 | $0.00 | $0.00 | $0.00 | $16,098.05 | $0.00 | $13,629.27 | $0.00 | $2,468.78 |
| Redwood Capital | $350,000.00 | $66,900.00 | $3,714.31 | $362.14 | −$74.29 | $0.00 | $427.15 | $4,429.31 | −$6,900.00 | $3,407.16 | $0.00 | $1,022.15 |
| Sterling Investors | $500,000.00 | $108,000.00 | $54,369.49 | $4,923.62 | $0.00 | $0.00 | $0.00 | $59,293.11 | $0.00 | $55,903.61 | $0.00 | $3,389.50 |