IRR Vs Cash on Cash Hurdles for Equity

September 22, 2017
by a searcher in San Francisco, CA, USA
How practical (or commonplace) is it to structure the search fund principals’ equity based on cash on cash return as against IRR hurdles? I think this aligns the incentives much better instead of IRR hurdles (I would want to exit sooner with an IRR option relative to cash on cash option).
from University of Kentucky in Houston, TX, USA
from Babson College in Boston, MA, USA