Performance Metrics
What is TVPI (Total Value to Paid-In)?
TVPI (total value to paid-in) measures a fund’s total value — realized distributions plus remaining unrealized value — relative to capital paid in. It captures both cash returned and paper value.
TVPI equals (distributions + residual value) ÷ paid-in capital. It is the total-return multiple including both money already returned (DPI) and the current value of unrealized holdings (RVPI). A TVPI of 2.0x means the fund has doubled investor capital on paper plus cash.
TVPI and DPI together show how much of a fund’s value is real versus still unrealized.
Also known as: total value to paid-in