Private Markets

TVPI

Definition

What is TVPI?

Total value to paid-in capitalCapital actually contributed by investors to a private fund., equal to distributions plus residual value divided by paid-in capital.

Example in practice

How This Looks in Practice

A 0.8x DPIDistributions to paid-in capital, measuring cash returned to investors relative to contributions. plus 1.2x RVPIResidual value to paid-in capital, measuring remaining reported fund value relative to contributions. gives 2.0x TVPI.

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