capital vantage
The Investment
The Capital ExplainerWhere the money goes,
Where the money goes,
and in what order.
You are last in line behind five claims. Here they are, in order, with what each one takes.
AS-04.bThe Structure
Getaway Collective
Governs. Holds NO equity in the vehicles it governs.
The Vehicle
Owns the land title. Funded and owned by its Members.
Sensory Getaways
Operates under contract. Measured on SLA.
AS-04.cThe Waterfall · six stagesPaper ground · assertion
Gross revenue
₹40,00,000
Operating revenue for the period, before any claim.
1 · Operating Partner
₹14,00,000
Contracted operator. Measured on SLA.
2 · Brand
₹4,00,000
Brand & Digital Co. licence.
3 · Admin Reserve
₹1,00,000
2.5% OF REVENUE — not a fee on asset value. A fee on asset value rewards holding assets at a high mark.
4 · Sinking Fund
₹1,00,000
CapEx reserve. Funds replacement before failure.
5 · Debt Service
₹4,80,000
THE SENIOR CLAIM. Absent entirely from the source prototype.
6 · To Partners
₹15,20,000
No preferred return, no catch-up, no carry. Blocked if the reserve would fall below its floor.
AS-04.dThe Floor
Reserve against floor
₹48,20,000 held₹39,60,000 floor
Stage 6 does not run if paying it would take the reserve below this line. The floor is the greater of 6 months non-operational fixed obligations or the Board minimum, and it is not NAV-linked.