# Preferred Equity Waterfall Model

Model exit waterfall with preferred and common equity, liquidation preferences, anti-dilution, and participation caps without manually calculating conversion mechanics.

- Canonical: https://finamodel.com/templates/preferred-equity-waterfall
- Download (.xlsx): https://finamodel.com/templates/preferred-equity-waterfall.xlsx
- Category: Corporate Finance
- Model type: Fund / Waterfall
- Difficulty: Intermediate
- Audiences: Fund managers, Investors & analysts
- Tags: preferred-stock, waterfall, liquidation, anti-dilution, equity-returns

## Related templates

- [Cap Table Management Model](https://finamodel.com/templates/cap-table)
- [Exit Waterfall Model](https://finamodel.com/templates/exit-waterfall)
- [Convertible Bond Model](https://finamodel.com/templates/convertible-bond)