Free calculator · Fund Economics
Fund Multiples, DPI, RVPI, TVPI
Calculates the fund performance multiples DPI, RVPI, and TVPI, the realized, unrealized, and total value created per dollar paid in. Inputs are paid-in capital, cash distributions to date, and the residual value still held.
Interactive Tool
Fund Multiples, DPI, RVPI, TVPI
TVPI · total value to paid-in
2.30×
DPI + RVPI
DPI · realized
1.20×
distributions ÷ paid-in
RVPI · unrealized
1.10×
residual ÷ paid-in
DPI is money in hand, the multiple that ultimately matters; RVPI is value still on paper that depends on marks. Their sum is TVPI. Multiples show how much value was created; IRR shows how fast, read them together.
Learn the concept
This calculator comes from the free Entrepreneurial Finance course, where the concept is taught with readings, worked examples, and practice questions.
Built by Devon Coombs, CPA, MBA, Teaching Professor of Finance at Santa Clara University.