Am I doing this right?

[Chris Gooden]

So I am getting started and am trying to do my due diligence. I’m planning on trying to find a small equity deal (I believe it’s more conservative than a debt deal) to go into at approx 10k. I may do 25k but only if the sponsor has a great track record.

I have read the definitions and think I know but please humor me. Let’s say distributions are quarterly.

If the IRR is 15%, does that mean I should expect a quarterly distribution of 15%of my money?

If Equity multiple is 2.5x, I should expect 2.5x’s my money at close

Targeted average cash yield is 5%, I'm lost here. I do not know the difference between IRR and this.

Other than really looking at sponsor history, what other things should I look at?  I appreciate the time and have a wonderful evening!