Run your waterfall in seconds.
WaterfallOne is a calculation engine for GPs who are tired of spreadsheets and paying for additional tools they don't need.
No credit card required. Free forever for 1 asset.
The spreadsheet works until it doesn't.
An LP questions a distribution from two quarters ago. You spend the afternoon in Excel trying to reconstruct math no one documented. The file says "ONLY EDIT THE YELLOW." Nobody remembers why.
Your controller built the waterfall model three years ago. They just gave notice. No one else can walk the waterfall or explain how the catch-up tier works. The whole distribution process lives in one person's head.
You're paying for fund admin software that still can't handle your deal structure. So you export to Excel, manipulate the data, and pray nothing broke by the time distributions go out.
One distribution run. A locked record you can trace.
Enter a distribution amount. WaterfallOne runs it through your waterfall structure and produces a finalized record with per-investor allocations broken down tier by tier. When an LP asks how you got their number, you show them.
No more key-person risk
Configure your waterfall once. Anyone on your team can run it, review it, and explain it. When the person who built the spreadsheet leaves, the distribution process doesn't leave with them.
Every allocation defensible
Every finalized distribution produces a locked record: who received what, from which tier, and why. When an LP asks how you got their number, you show them. No digging through old files.
Your deal structure, not a template
Configure custom waterfall tiers, promote splits, and catch-up rates that match your operating agreement. No exporting to Excel because the software can't handle your terms.
Just the waterfall. No bloat.
Built for real estate waterfall calculations, not generic fund admin. You don't need a whole platform when you need one thing done right.
Audit-ready by design. No sensitive data stored.
WaterfallOne produces locked allocation records with full calculation history. We store investor names and capital positions only. No emails, no tax IDs, no bank details. We never process or initiate payments. When your auditor asks for support on a distribution, the answer is already there.
Waterfall calculation software priced for your firm, not the enterprise.
One subscription per firm. No per-seat fees. 14-day free trial on any paid plan.
Catch the error before your LPs do.
Run your last quarter through WaterfallOne and compare the results to your spreadsheet. If the numbers match, you have a locked record you can show any auditor. If they don't, you found the problem before it went out the door.
Try It FreeNo credit card required. Free forever for 1 asset.