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    Distributions To Paid In Capital (Dpi)

    A bright vineyard at harvest, with some grapes already picked into crates and others still hanging on the vines.
    Alternative Investments

    TVPI Explained: Reading a Fund's Real Performance

    TL;DR: TVPI is a fund's total value, cash already paid out plus the manager's estimate of what's left, divided by the capital you've paid in. DPI is only the cash. RVPI is only the estimate. So a 1.5…

    Jeff Barnes, MBA·Oct 12, 2026·9 min read
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