Performance

Entity and holdings performance, stakeholder returns with IRR, TVPI, DPI, RVPI.

Performance Views
Three computed views for different perspectives.

Entity Performance

Aggregate performance of the entire entity (fund/company). Shows total invested, total value, realized gains, and entity-level IRR.

Holdings Performance

Per-holding breakdown showing each investment's performance: invested amount, current value, cash realized, and individual metrics.

Stakeholder Returns

Per-stakeholder view showing what each LP/investor has invested, received back, and their net returns.

How Each View is Computed
What data feeds into each performance view.

Entity Performance

Aggregates across all holdings in the entity. Reads from:

  • Holdings — each active investment in the portfolio
  • Holdings Cash Flows — every capital call, distribution, fee, and other cash movement per holding (only flows with Include in IRR = true are used for IRR)
  • Valuation Snapshots — the latest fair value per holding (used as residual/unrealized value)

Total invested = sum of all cash outflows. Total value = sum of latest valuations + distributions received. IRR is computed from the full cash flow timeline across all holdings.

Holdings Performance

Per-holding breakdown. For each holding, reads from:

  • Holdings Cash Flows — capital invested (debit) and distributions received (credit) for this specific holding
  • Valuation Snapshots — the latest snapshot's Fair Value field as current unrealized value

Each holding gets its own IRR (from its cash flows), TVPI, DPI, and RVPI. This lets you compare individual investment performance across the portfolio.

Stakeholder Returns

Per-stakeholder view. Reads from a completely different data source than the other two:

  • Security Transactions — all transactions on the entity's cap table for each stakeholder
  • Invested = sum of Amount Debit from issuance transactions
  • Returned = sum of Amount Credit from distribution/dividend/interest transactions
  • Current units = net units across all transaction types

Shows each stakeholder what they put in, what they got back, and their net position. This is the LP/investor-facing view of the cap table's financial history.

Key Metrics
Understanding fund performance metrics.

IRR (Internal Rate of Return)

Time-weighted annual return. Computed using Newton-Raphson with 10 starting rates for accuracy. Accounts for the timing of cash flows — early returns are worth more than late returns.

TVPI (Total Value to Paid-In)

(Distributions + Residual Value) / Paid-In Capital. Shows total return multiple. A TVPI of 2.0× means the fund has returned or is worth 2× the invested capital.

DPI (Distributions to Paid-In)

Distributions / Paid-In Capital. Shows realized return multiple. A DPI of 1.0× means all invested capital has been returned.

RVPI (Residual Value to Paid-In)

Residual Value / Paid-In Capital. Shows unrealized return multiple. TVPI = DPI + RVPI.

How It Works
Performance is computed, not manually entered.

All performance metrics are computed on-demand from your data:

  • Entity performance aggregates from holdings cash flows
  • Holdings performance reads from individual holding cash flows
  • Stakeholder returns compute from security transactions on the cap table
Read-Only: Performance data is read-only — there's nothing to create or edit. Update your holdings cash flows and valuation snapshots, and performance metrics update automatically.