Preferred return
A simple preferred return accrued on contributed capital for the period, using actual days over a 365-day year.
Distribution waterfalls
worked out per investor, approved before they’re final.
Enter the cash to distribute and the period. Syndelo pays the preferred return, optionally returns capital, splits the rest between LPs and the GP, and shows the math for every investor. A different team member approves it before anything is final.
For sponsors who calculate distributions in a spreadsheet and double-check it every quarter.A clearer view of your day.
Here’s what’s happening across your investments.
Equity under management$24,850,000Across 8 investments
Active investors128OB JC SMReal relationships. One place.
Distributions this year$1,284,50012 completed distributions
Capital contributions
2026$12m$8m$4m$0
JanMarMayJulSepDec
Needs your attention
3Every next step, accounted for.
Your investments
What you get
Return of capital
Optionally return contributed capital, pro rata, before splitting what’s left.
LP/GP split
Split the remaining cash between investors and the GP promote account, such as 80/20 or 70/30.
Math you can show investors
Each investor’s line shows the preferred return paid, any preference still unpaid, capital returned, and their share of the split.
Two-person approval
The person who prepares a distribution can’t approve it. Syndelo also blocks overlapping periods and payouts larger than the cash on hand.
Payment register
Approved distributions create a payment instruction per investor, which you can export as a CSV for your bank.
A worked example
Two investors contributed $1,000,000: A put in $600,000 and B $400,000. The deal has an 8% preferred return and an 80/20 LP/GP split, and you’re distributing $150,000 for a full year without returning capital.
First, the preferred return: 8% of each investor’s capital for 365 days is $48,000 for A and $32,000 for B, or $80,000 total. That leaves $70,000. Investors get 80% of it, $56,000, split by capital, and the GP promote gets $14,000.
| Preferred return | LP split | Total | |
|---|---|---|---|
| Investor A | $48,000 | $33,600 | $81,600 |
| Investor B | $32,000 | $22,400 | $54,400 |
| GP promote | — | — | $14,000 |
| Total | $80,000 | $56,000 | $150,000 |
What works today
Syndelo is in preview, so here is exactly where each part stands.
In the product now
- Preferred return, return of capital, and configurable LP/GP splits
- GP catch-up, tiered IRR hurdles, share-class terms, and multiple co-GPs
- Two-person approval and overlap checks
- CSV payment register
Planned
- Compounding preferred-return options
- Additional scenario modeling tools
- ACH payouts and bank-specific NACHA files
Common questions
What is a distribution waterfall?
The order in which a deal’s cash is paid out. A typical real estate waterfall pays investors a preferred return first, may return their capital next, and then splits the remaining cash between investors and the sponsor (the promote).
Does Syndelo support a GP catch-up or IRR hurdles?
Yes. Configurable structures include GP catch-up, tiered IRR hurdles, share-class terms, management fees, and multiple co-GPs. Advanced structures require the applicable plan. Classes use parallel capital-weighted pools rather than senior/junior priority, and catch-up applies to the current distribution rather than a lifetime true-up. Validate configured rules against your agreement and approved model before release.
What happens if there isn’t enough cash to pay the full preferred return?
Syndelo pays what it can, pro rata, and shows the unpaid preference on each investor’s line. It doesn’t carry it into the next distribution automatically.
Can Syndelo send the payments?
Not yet. Approved distributions produce a payment register you can export as a CSV. ACH payouts are planned.
How much does Syndelo cost?
Launch is $695 a month for up to 100 investors, $10M AUM, and 3 active vehicles. Growth is $995 for 500 investors, $50M, and 15 vehicles. Scale is $1,995 for 1,500 investors, $100M, and unlimited vehicles. Annual billing costs ten times the monthly price.
Can I sign up today?
Yes. Choose a plan on the pricing page to create your workspace, or book a demo first. Syndelo is still in preview: eSign and investor payments aren’t switched on for live use yet, and anything marked Planned is still in development.
Click through Syndelo
before you talk to anyone.
The product tour uses a sample sponsor and sample investors. No signup, no sales call.