Total Value to Paid-In Capital (TVPI) measures the proceeds returned by a Private Equity fund to investors combined with the remaining market value relative to the total paid-in capital. This is also known as the “Investment” Multiple.
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Paid-in-Capital: Total money called in from Limited Partners to Fund
Inputs
There are five inputs for the calculation of the Total Value to Paid-In Capital ratio.
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The field’s end date is always the end date of the calculation single period in each performance calculation result.
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Build Money Multiple Fields
Add to a Report and Field Rule
Money Multiple fields are designed for Performance Calculation reports. They can be selected
Add to a Report and Field Rule
You can select the fields from the Custom folder in General Reporting or by selected the selecting Money Multiple as the Field Type field type in the Metadata Center. All Money Multiple fields in a Field Rule must have the same begin date. If not the report will result in an error and null values in the report results.
Options When Setting Up the TVPI Field
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Field Options
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OptionField | Definition Description |
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Money Multiple | Select the Money Multiple Ratio to Calculate (Distribution to Paid in Capital) |
Distribution Cash Flow | Select the Cash Adjustment field which defines a Fund Distribution to Limited Partner |
Contribution Cash Flow | Select the Cash Adjustment field which defines a called contribution by the Limited Partner into the Fund |
End Market Value | Select the Detail Calculation field which defines the market value and security criteria for Ending Market Value |
Begin Date options | Defines the first date that cash flows will be included in the calculation |
View the Results
TVPI field results will show up in the security rows for the securities which have cash flows and market values that meet the criteria of the Cash Adjustment and Detail Calculation fields selected. The security criteria should be the same in both fields.
Along with the TVPI field the report results also display the supporting fields Contributions Cash Flow (CCF), Distributions Cash Flows (DCF), and Ending Market Value (EMV) in the results.
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