Private Equity Fund Performance Calculator for LPs
Track private equity fund value for an LP: cash already returned and value still held.
- If we paid $100 million into a private equity fund and got $60 million back, what is our DPI?
- If the fund still holds $90 million in NAV for us, what are our RVPI and TVPI?
- How much of our total fund value have we received in cash, and how much remains invested?
Fund performance at a glance
Estimate based on the inputs shown.
$150m of total value reconciles to 0.60x DPI plus 0.90x RVPI.
How it is calculated
TVPI = DPI + RVPI = (distributions + remaining NAV) ÷ paid-in capital
Realization share divides cash returned by total value. It is not DPI, which uses paid-in capital as its base.
Read the result in context
These ILPA-style private equity measures all use paid-in capital as their base. DPI shows cash returned. RVPI shows value still held. TVPI combines both.
How do you calculate DPI, RVPI and TVPI?
DPI equals distributions divided by paid-in capital. RVPI equals remaining NAV divided by paid-in capital. TVPI equals DPI plus RVPI.
What is total value to paid-in capital?
TVPI means total value to paid-in capital. Add all cash returned to the NAV left, then divide by paid-in capital.
What is the difference between TVPI and DPI?
DPI counts only cash returned. TVPI also counts the NAV still held in the fund through RVPI.