Share of each fund's offering proceeds allocated to its managing member, including reimbursement of costs; Fund IV reported $9,912,253 of $49,598,765 paid.
The filings do not show how much is reimbursement and how much is retained; the sales pages describe only the manager's 20% share of profit.
“Up to 20% of proceeds will be paid to Issuer's Managing Member, which amount includes reimbursements for all offering costs”

