Hire an AI fund subscription-line return and hurdle checker

Everything it can hand back

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

• LP returns with and without the bridge, the financing cost and both money multiples
• The preferred return for the period and the total unpaid
• A split of the cash: capital returned, preference paid, GP carry and LP cash
• Any shortfall left in the first tier
• A list of what is MISSING and which checks were missed

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 fund used a subscription line, and you must show investors what it did to returns.

• outputs/step-1-subscription-line-timing-checker.md. Returns and money multiples with and without the bridge, plus the financing cost.
• outputs/step-2-preferred-return-accrual-checker.md. The hurdle start, eligible capital, year fraction, preference and unpaid total.
• outputs/step-3-no-catchup-waterfall-checker.md. Capital returned, preference paid, GP carry, LP cash and any shortfall.
• HAND-BACK SUMMARY. Files saved, sources used, MISSING lines, checks missed and one suggested next step.

How the work is checked

• Hurdle start and eligible capital come from the clause, never from the delayed call. The bridge cost is counted once. Capital, preference and carry add up to the cash available.
• Each material input traces to its source, date, currency, scale, sign and period. Unresolved items stay as MISSING: lines.
• Real zeros, unavailable evidence and inapplicable ratios are told apart. No statement is forced to tie with an unexplained plug.
• Original source locations, assumptions, formula conventions, failed checks and actual verification results are saved. End with CHECKS MISSED: none, or the exact outstanding checks.
• 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

• Subscription line timing checker. Compares periodic IRR and money multiples with and without a one-year bridge, using the simple bridge cost. Labels each IRR as periodic and stops for irregular dates. Hands step 3 the financing cost, so it is counted once.
• Preferred return accrual checker. Finds the hurdle start, the eligible capital and the year fraction from the agreement's own clause. Accrues the simple preference and never copies the return holding period into it. Hands step 3 the unpaid preference.
• No-catchup waterfall checker. Splits the cash after financing: unreturned eligible capital first, then the accrued preference, then carry on what is left. Keeps the return comparison apart from the split. Check before you finish: the parts add up to the cash.

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 review-a-fund-bridge-and-hurdle 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/review-a-fund-bridge-and-hurdle/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 investment amounts and exit cash, with exact annual dates over two years
• The bridge: one year long, a simple annual cost, and a call at the first anniversary
• The fund agreement's hurdle clause: the rate, when it starts and which capital counts
• The cash available to distribute, after financing costs
• The carry share, such as 20 percent, from the agreement
• The currency, scale and reporting date

Helpful context (optional)

• The last fund statement, to check the capital balances.
• The credit line terms for the bridge cost.

Tools and access

• A chat AI that reads long documents: The hurdle clause decides the answer. In plain chat, paste the exact wording.
• Claude, ChatGPT or Gemini: Any of them can do these sums in a chat and show each step.
• 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.
• Claude, ChatGPT or Gemini: Any of them can do these sums in a chat.
• 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

• Fund subscription-line return and hurdle checker: Share dated fund cash flows, bridge costs and fund terms. Get a return-timing comparison and a separate hurdle and distribution check.
  • LP returns with and without the bridge, the financing cost and both money multiples
  • The preferred return for the period and the total unpaid
  • A split of the cash: capital returned, preference paid, GP carry and LP cash
  • Any shortfall left in the first tier
  • A list of what is MISSING and which checks were missed
• Fund bridge loan return analyst: Share investment cash and a one-year bridge loan. Compare investor returns, financing cost and the timing effect.
  • The yearly return (IRR) with no bridge, over two years
  • The bridge cost and the larger call it makes
  • The yearly return (IRR) with the bridge, measured from the delayed call
  • The money multiple with and without the bridge
  • A list of missing facts and checks that could not run
  • A small workbook with the same sums, if your AI can make files
• 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.
• 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 fund used a subscription line, and you must show investors what it did to returns.
• You need to find out when the preferred return starts under the fund agreement.
• A distribution is due, and you must split it between LPs and the GP with no catch-up.
• A reviewer asks why returns with and without the line differ.

Limits to check before starting

• Cash flows fall on irregular dates: run an XIRR in a spreadsheet first. This covers two annual periods only.
• Your agreement has a GP catch-up: this does not fit. Use your fund administrator's waterfall.
• You only need to split one distribution: use the No-catchup fund payout checker workflow.
• You want to check a capital call notice: use the Private fund commitment and capital call checker workflow.

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, in a chat that accepts files.
• Attach the fund agreement pages, the investment and exit dates and the bridge terms. Say the reporting date and currency.
• Ask your AI to follow the pack, save a file for each step and stop a step when an input is missing.
• After step 2, check the hurdle start date against the clause. It is not always the call date.
• After step 3, check that capital, preference and carry add up to the cash you had. A spreadsheet tool is needed for the workbook. Without one, your AI gives the tables in chat.

Read it as data

Read the complete role setup as JSON. Connect your AI to the AI Blocks MCP library and read aiblocks://roles/review-a-fund-bridge-and-hurdle 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.