Hire an AI no-catchup fund payout checker

Everything it can hand back

Your task sets the actual outputs. The specialist picks the methods that cover them.

• The preferred return owed, worked out from capital, rate and the exact part of a year
• How the cash splits: capital back, preferred return paid, then what is left
• The GP carry, which stays at zero until capital and preferred return are paid in full
• Any shortfall still owed to LPs
• A list of missing facts and checks that could not run

How it does the job well

• Reconcile to source documents, such as bank statements, ledgers and invoices, before reporting.
• Show the calculation, inputs and period for every figure.
• Label actuals, estimates and forecasts clearly.
• Send tax, legal and regulatory questions to a qualified professional.

Mistakes it avoids

• Mixing cash and accrual figures, or different periods, in one comparison.
• Rounding or formula errors that do not tie back to totals.
• Giving personal investment advice.

What a good result looks like

An example, not your task: A distribution is due and you want to check the carry number before anyone is paid.

• outputs/step-1-preferred-return-accrual-checker.md. The preferred return owed, kept separate from the unreturned capital, with the year fraction used.
• outputs/step-2-no-catchup-waterfall-checker.md. Capital returned, preference paid, GP carry, LP cash and any shortfall in the first tier.
• Workbook (if asked). Inputs, calculations and checks on separate areas, recalculated and reopened.
• HAND-BACK SUMMARY. Files saved, sources used, assumptions, MISSING lines, checks missed and one suggested next step.

How the work is checked

• Use only the supported simple-accrual no-catchup structure; record any compounding, GP capital or catch-up as a blocker.
• Trace each material input to its source, date, currency, scale, sign and reporting period. Retain unresolved MISSING: lines.
• Keep hardcoded inputs separate from live formulas. Inspect changed inputs, actual recalculation, exported formulas and saved-file reopening.
• A real zero, missing evidence and a ratio that does not apply are three different things. Say which one it is.
• States which checks passed, failed or could not run, and names missing inputs.

These checks have not been run against a model yet. Your AI uses them to check its own work.

A second opinion

Before it hands back, your AI reviews the draft the way Warren Buffett would. This is a way of reviewing the work. It does not mean they wrote or endorse it.

Capabilities

• Preferred return accrual checker. Confirms the return is simple, not compound, and that capital did not change in the period. Multiplies capital by the rate and the year fraction, then adds any unpaid amount from before. Hands step 2 the preference and the unreturned capital as two separate figures. Check before moving on, if capital changed, split the period first.
• No-catchup waterfall checker. Pays unreturned capital and the preference first from the cash on hand. Only cash left after both goes to the carry split. If cash runs short, carry stays zero and the shortfall shows. Check before you pay, LP cash, GP cash and the shortfall equal the cash you entered.

How the role works

1. Checks your task, context and available tools.
2. Picks the methods needed and prepares a work plan.
3. Carries out supported tasks, with each method's limits and review gates.
4. Checks the real deliverables and corrects supported faults.
5. Hands back files, evidence and unresolved gaps.

Your specialist's working setup

Download the base specialist without a task form or account. README.md and SETUP.md explain how to use the folder. SOUL.md defines its scope. INTAKE.md asks missing questions inside your AI. PLAYBOOK.md, SKILLS.md, BEST_PRACTICES.md, CHECKS.md and HANDOFF.md guide the work and its checked deliverables.

Complete associated skills, supporting files and licences are included. Choose only the methods needed for the actual task. Keep context, working files and accepted feedback in your AI project.

Use this specialist through MCP or the API

Call prepare_specialist with role_id check-a-no-catchup-fund-distribution only. No task is required to load it. Your AI asks what job you need done, what you want back and which relevant context it can use.

For task-led hiring, call find_specialist, explain the suggested specialists and let the user accept or change the team.

Complete ZIP: Download base specialist. API: GET /api/v1/specialists/check-a-no-catchup-fund-distribution/pack. The host AI supplies its own model, tools and execution; a pack does not connect accounts or run a task.

Inputs and helpful context

The specialist starts from the task brief. Only active methods require their inputs.

For the primary method, when used

• The fund agreement clauses on preferred return, return of capital and the carry split
• The capital that earns the preferred return, and the dates it was held (from your capital account statement)
• The preferred return rate and how the agreement counts a year
• Any preferred return still unpaid from before (from your last distribution notice)
• The cash available to distribute this time (from the fund's bank or cash records)
• The GP's carry share of what is left, such as the percentage in the agreement
• Your own spreadsheet or template (optional)

Helpful context (optional)

• Your last distribution notice, so the unpaid preference matches what LPs were told.
• A named reviewer, such as your fund administrator.

Tools and access

• A spreadsheet tool and an AI that reads files: The preferred return and the split are small calculations. The AI should recalculate them and reopen the saved file.
• Claude, ChatGPT or Gemini: Any of them can do these sums in a chat.
• An AI that can make spreadsheet files: It can build the workbook, recalculate it and check that it reopens.
• Node.js 20 or later (optional): Runs the small script that comes with the skill, for a second check of the numbers.
• A spreadsheet engine and file-capable AI: Create, recalculate, render and reopen the requested native workbook.
• Node.js 20 or later: Run the bundled dependency-free reference calculation against explicit numeric inputs.

Functions and deliverables

• No-catchup fund payout checker: Check a fund payout that returns capital and preferred return before splitting the cash left with the manager.
  • The preferred return owed, worked out from capital, rate and the exact part of a year
  • How the cash splits: capital back, preferred return paid, then what is left
  • The GP carry, which stays at zero until capital and preferred return are paid in full
  • Any shortfall still owed to LPs
  • A list of missing facts and checks that could not run
• Preferred return accrual calculator: Share simple-return terms, unpaid amounts and dates. Check accrued preference and cash needed for the first payout tier.
  • The preferred return built up in this period
  • The total unpaid preferred return
  • The cash needed first, which is unreturned capital plus the unpaid preferred return
  • A list of missing facts and checks it could not run
  • A small workbook with the same sums, if your AI can make files
• Fund payout without catch-up checker: Share fund terms and cash to distribute. Check capital returns, preferred payments and the manager's remaining share.
  • Capital returned, preference paid, GP carry, LP cash and remaining first-tier shortfall.
  • An editable workbook of the fund distribution waterfall, with its inputs, formulas and test cases to rerun.
  • A tie-out of investor cash plus manager cash and the amount distributed, the inputs still missing and the checks that ran.
• Fund manager clawback checker: Share profit fees paid, the verified amount earned and allowed deductions. Check possible repayment, cash held as security and any uncovered amount.
  • The potential clawback still outstanding, never below zero
  • How much of it escrow covers
  • The unsecured exposure left after escrow
  • A note on any figure that could not be traced to a signed source
  • A list of every input marked MISSING and every check that could not run
  • A workbook version of the same lines, if your AI can make files
• me.md builder: Answer a few questions, or let your AI use what it remembers. Get one private file that tells any AI who you are.
  • One me.md file with up to ten dated sections
  • A list of facts taken from memory, for you to check
  • A short note of what it removed for privacy
  • The two next steps, to save it and set it up
• Warren Buffett: Review a business using Warren Buffett’s recorded principles. Check how it earns, what protects it, how managers use cash and which facts remain uncertain.
  • Your problem worked on the way Warren Buffett would: their questions, their method, their push-back
  • The answer or the work, in Warren Buffett's voice, using their ideas by name
  • Anything that goes beyond their public record, marked
  • One suggested next step

Tasks you can use it for

• A distribution is due and you want to check the carry number before anyone is paid.
• An LP asks why the GP received no carry this quarter.
• You are building or auditing a distribution schedule for a fund with a simple hurdle and no catch-up.
• A reviewer wants every figure tied back to a clause in the fund agreement.

Limits to check before starting

• Your agreement has a catch-up, compound interest on the preferred return, or GP capital that earns the hurdle: this check stops there. Ask your fund administrator to model it.
• The preferred return clock starts later than the capital call because of a credit line: use the Fund subscription-line return and hurdle checker workflow.
• You want to know if the GP must pay carry back: use the Fund manager clawback checker.

Best way to use this role

Give it one clear outcome, the actual files and a definition of done. Keep the work in one AI project so it can reuse checked context and earlier files.

• Download the workflow pack and add it to Claude, ChatGPT or Gemini. Pick a chat that accepts files and can run code or a spreadsheet.
• Attach the agreement pages on returns and carry, plus your cash records. Say the distribution date, currency and whether figures are in thousands.
• Tell your AI to follow the pack and save each step's file. If it cannot run code, it shows the arithmetic in the chat.
• After step 1, check the rate, the dates and the year fraction against the agreement. A wrong year fraction carries into step 2.
• After step 2, check that capital back, preference paid, GP carry, LP cash and any shortfall add up to the cash you entered. Finish every MISSING line before you pay anyone.

Read it as data

Read the complete role setup as JSON. Connect your AI to the AI Blocks MCP library and read aiblocks://roles/check-a-no-catchup-fund-distribution for its role instructions and pinned sources.

This is a prepared AI role. No task has run. Your AI carries out authorized work using its available tools and reports the actual deliverables and checks.