Skip to content
Home/PE Glossary/TVPI
PE Glossary

TVPI (Total Value to Paid-In)

TVPI · The sum of distributions and residual value divided by paid-in capital. TVPI = DPI + RVPI. It measures a fund's total return including both realized and unrealized value.

Example

A fund has distributed €1.2B (DPI 1.2x) and holds residual NAV of €800M (RVPI 0.8x) on €1B of paid-in capital. The TVPI is 2.0x · total realized plus unrealized value is twice the capital invested.

Related terms

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

Put TVPI in context

Browse 1,000+ European GP profiles with fund histories, portfolio companies, and verified exits.

Browse GPs
Glossary last reviewed