Canadian Self-funded Investor Terms

Fellow Canadian Searchers/ETA Operators... How common are "step-up" investor terms for self-funded deals ($1-3M EBITDA), vs. the traditional GP/LP model? - Traditional: GPs up to 25-30% carry (over tranches) and LP's 70-75% (+pref coupon). - "Step-up" model (simplified): LP pref rate of 8-15% converts to###-###-#### 5x common. Searcher retains >50% ideally. I understand the "step-up" model is used more commonly in the US with SBA-backed deals, but is anyone willing to validate and share any additional terms you're hearing about in Canada? I've also heard Family Offices are a little more flexible, so perhaps I focus my time there?