Fund metrics computed for you
TVPI, DPI, net IRR and gross MOIC are derived from your committed, called and distributed capital plus current marks. The math runs the same way every period, so the figures hold up when an LP checks them.
Fund
Calculate TVPI, DPI, IRR and MOIC across the fund and every position
CX Cash pulls your capital calls, distributions and company marks into one place, computes each metric at the fund and deal level, and updates them as valuations change.
CX Cash
TVPI
2.41x
DPI
0.78x
Net IRR
24.6%
Gross MOIC
3.12x
Fund I · Vintage 2021
$48M committed · $39M called · 14 active positions
| Company | Invested | Current value | MOIC |
|---|---|---|---|
| Northwind Labs | $3.50M | $11.20M | 3.20x |
| Verdant Bio | $2.00M | $5.40M | 2.70x |
| Lumen Robotics | $2.75M | $9.90M | 3.60x |
| Cohort Analytics | $1.50M | $1.95M | 1.30x |
| Halyard Health | $2.25M | $0.45M | 0.20x |
LP questions come due before the spreadsheet is ready
TVPI, DPI and net IRR sit in a fund model that one person maintains, usually in Excel, usually a quarter behind. When an LP asks where the fund stands or a partner wants MOIC on a single deal, someone re-keys capital calls, pulls the latest marks from a dozen update emails, and reconciles distributions by hand. The number that comes out is only as fresh as the last time that file got touched, and a stale mark or a missed call can move the whole picture.
What you can do
Metrics down to the company
Every position carries its own invested cost, current value and MOIC, so you can see which deals are carrying the fund and which are dragging it before you summarize for the partnership.
Marks that flow through
Update a company valuation once and it rolls into that position's MOIC and the fund's TVPI and IRR. No second file to reconcile and no version that quietly disagrees.
Vintage and called-capital context
Commitment, called and distributed totals sit next to the multiples, so net IRR reads against how much capital is actually deployed rather than the full fund size.
4 metrics
TVPI, DPI, IRR, MOIC
Fund + deal
rolled up and per company
Live
recalculates as marks change
Onboard in three steps
- 01
Load fund and deal data
Bring in capital calls, distributions, commitments and the cost basis for each position. CX Cash organizes them by fund and company with nothing to map by hand each period.
- 02
Mark the portfolio
Enter or import current valuations per company, and CX Cash computes MOIC for each one alongside fund-level TVPI, DPI and net IRR.
- 03
Report from the live view
Open the dashboard for the current numbers, drill into any company behind a multiple, and pull the figures straight into an LP update.
Early access
Be first to use Fund metrics for VCs
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Questions
How are TVPI, DPI and net IRR calculated? +
DPI is distributions divided by paid-in capital. TVPI adds current value to distributions over paid-in. Net IRR is the time-weighted return on the called-and-distributed cash flows net of fees and carry. CX Cash applies the same definitions every period so the trend stays comparable.
Can I see metrics for a single company, not just the fund? +
Yes. Each position shows its invested cost, current value and MOIC, so you can rank deals and see exactly which ones are moving the fund-level numbers.
How do valuation updates affect the metrics? +
When you change a company mark, that position's current value and MOIC update, and the fund's TVPI and net IRR recompute from the new total value. There is no separate model to refresh.
What is the difference between MOIC and TVPI here? +
MOIC is a gross multiple on a single investment, current value plus any realized proceeds over what was invested. TVPI is the fund-level multiple net of called capital across all positions. CX Cash shows both so a strong deal multiple and the fund's net return stay distinct.
Can I report these to LPs? +
Yes. The figures are computed consistently and tie back to your capital calls, distributions and marks, so you can carry TVPI, DPI, net IRR and per-company MOIC straight into a quarterly LP update.