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PE Glossary

DPI (Distributions to Paid-In)

DPI · A metric measuring the cumulative distributions returned to LPs relative to the capital they have paid into the fund. A DPI above 1.0x means LPs have received more cash than they invested.

Example

A 2014-vintage fund has paid €1.5B in distributions back to LPs who collectively contributed €1B. The DPI is 1.5x · LPs have already received 1.5 times the cash they invested, with any remaining unrealized value still to come.

Related terms

TVPI (Total Value to Paid-In)RVPI (Residual Value to Paid-In)IRR (Internal Rate of Return)
All glossary terms

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