Joint Venture Structuring
JV equity splits, co-invest terms, major/minor partner economics — from LOI to close.
Every JV has its own economics — different equity splits, different promote structures, different buyout provisions. Your analyst builds a custom model for each partnership, manually coding the distribution logic every time. Comparing two JV structures means two separate spreadsheets.
Describe the partnership terms in chat. Upload the JV agreement to the Data Room for Apers to parse the economic provisions. Apers models both sides — LP and GP economics — with co-invest, pref accrual, and promote mechanics visible simultaneously. Approve the output, open it in Google Sheets, and save the JV model to your Library.
Four Steps to a JV Model
Describe the partnership
Enter the JV terms in chat — equity split, co-invest amount, preferred return, promote tiers, buyout provisions. Upload the JV agreement to the Data Room for Apers to parse.
Apers models both sides
LP and GP economics modeled simultaneously — equity contributions, distribution priorities, promote mechanics, and partner-level returns. Co-invest tracked separately with its own return profile.
Review and approve
Before writing cells, Apers shows the equity structure, pref accrual mechanics, and promote calculations. Approve the full model, or run sub-chats to compare alternative JV structures.
Export and share
The JV model opens in Google Sheets with full formula transparency. Save to your Library, download as .xlsx for partner presentations, or share with your legal team.
Both Sides of the Table
Major and minor partner economics modeled simultaneously. Each party sees their return profile, capital exposure, and promote participation in one view.
Recap & Exit Mechanics
Buyout options, recapitalization scenarios, fair market value triggers — the provisions that govern how partnerships end, modeled before they begin.
Co-Invest & Alignment
GP co-investment, alignment of interest provisions, clawback mechanics — the structures that keep partners aligned through the hold period.
Approve Every Step
Apers shows its plan before writing a single cell — which equity splits it will model, how the promote tiers work, and how co-invest returns are calculated. Approve one section at a time or switch to Fast Mode.
Google Sheets + Library
The JV model lives in Google Sheets with full version history and formula transparency. Save to your Library for partnership tracking, download as .xlsx, or share with your JV partner.
Models
Frequently Asked Questions
How does Apers model JV equity splits?
Describe the partnership terms in chat or upload the JV agreement to the Data Room. Apers models both LP and GP economics — co-invest, preferred return accrual, promote mechanics, and catch-up provisions — with every dollar traced from property cash flow to partner distributions.
Can Apers parse a JV operating agreement?
Yes. Upload the LPA or JV agreement to the Data Room and the UDPE engine extracts the economic provisions — equity splits, pref rates, promote tiers, buyout provisions — and maps them into the financial model automatically.
How does Apers handle promote structures?
The XL-2 engine models multi-tier promote structures with preferred return hurdles, catch-up provisions, and lookback/clawback mechanics. You can see LP and GP distributions at each tier and test how different return outcomes affect the promote split.
Can I compare two JV structures side by side?
Yes. Model each structure in a separate sub-chat using the same deal economics. Apers calculates partner-level returns for each structure so you can compare how different terms affect LP and GP economics.