Key Metrics for Your Fund

Key Metrics for Your Fund

June 4, 2020 by investor

Hello, this is Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.

There are three key metrics for tracking the performance of a Fund.

The first is Net Internal Rate of Return (called Net IRR) — this measures the performance of fund distributions and the change in value of the invested companies over time, after management fees. 

The second is Total Value to Paid in Capital (called TVPI) — this measures the total value of a fund’s holdings plus distributions, as compared to total paid in capital. This takes into account investments that have increased in value but have not been paid out. 

Finally, there is Distributions to Paid in Capital (called DPI) — this measures total distributions paid to investors compared to total paid in capital. This compares the investors paid in capital to their distributions, as measured on a cash-on-cash basis. 

DPI is the metric investors care about the most.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.