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.
Stop paying for fund admin you don't need.
Most GPs only need one thing from their software — a waterfall they can trust. WaterfallOne does that one thing. No per-investor fees, no per-seat pricing, no bundled modules you'll never open.
When an LP calls, you have the answer.
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 pull up the record. No digging through old files. No "let me get back to you."
The math you can actually double-check.
Every distribution shows the tier-by-tier breakdown for every investor. Return of capital, pref, catch-up, promote — all visible, all reconcilable. You see exactly where every dollar went and why, the same way every time.
It doesn't live in one person's head.
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.
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.
Priced for your firm, not per seat or per investor.
Waterfall calculation software with 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.