Equity Investment Terms on "buy/hold" deals vs. deals with target exits

Does anyone have any thoughts on the typical investment terms for an equity investment in a "buy and hold" SMB company and how they may differ from a company expecting to be exited in 5-7 years? Particularly a company that may aim to reinvest most of its profits vs. distribute profits in the first few years?

I've typically seen equity investment terms have a discount or step up on the valuation, an annual interest 6-8%, and preferred payout status. The target holding period may be 5-7 years and projections aim to double the business size and thus ROI is a bit more clear/clean.

But for a company aimed to be a buy and hold that wants to reinvest most of its profits in the first 2-4 years to grow, it stretches the return window out more with payback coming on the backend.

How would you structure or incentivize investors in this scenario?