Distribution to Paid-In Capital

Topic

Distribution to Paid-In Capital (DPI) is a key financial metric used in private equity and venture capital to measure the cumulative investment returns returned to limited partners relative to the total capital they have paid into the fund. It serves as a cash-on-cash performance measure, indicating the realized portion of a fund's returns. A DPI of 1.0x or greater signifies that the fund has successfully returned all of the investors' initial paid-in capital.