PEINVEST
The estimated fair market value of a fund's portfolio of investments minus any liabilities, reported periodically (usually quarterly) to LPs. NAV is used to calculate unrealized returns and is a key input for TVPI and RVPI calculations.
The most complete return metric in PE, measuring the total value of a fund (distributions plus remaining NAV) relative to total capital contributed. TVPI equals DPI plus RVPI, capturing both realized and unrealized returns in a single measure.
A performance metric measuring the net asset value of a fund's remaining portfolio relative to the total capital contributed by investors. RVPI represents the unrealized value still held in the fund and, combined with DPI, equals TVPI.
A performance metric that measures the cumulative distributions returned to investors relative to the total capital they have contributed to the fund. A DPI of 1.0x means LPs have received back their entire investment; above 1.0x indicates profit has been distributed.