Free XIRR, DPI & TVPI calculator
XIRR Calculator: Calculate the Return on a Private Investment
Enter your contributions, distributions, and current value or exit proceeds to calculate your XIRR, DPI, and TVPI.
Enter Cash Flows
Enter each contribution and distribution on the date it occurred.
Enter Current Value
Enter your estimated value as of a specific date. XIRR will be calculated as of that date.
XIRR
—%
DPI
—x
TVPI
—x
Enter your cash flows and calculate to see your XIRR, DPI, and TVPI.
This is one investment. AltTrack tracks XIRR, DPI, and TVPI like this automatically across your whole portfolio — free to start.
What is XIRR?
XIRR is an annualized return calculation that accounts for the exact date of every contribution and distribution. That makes it especially useful for private equity, real estate, private credit, and other investments where cash does not move on a regular schedule. For a detailed walkthrough, read how to calculate XIRR for an alternative investment portfolio.
What is DPI?
DPI, or Distributed to Paid-In Capital, compares the cash an investment has returned with the capital contributed. A 0.50x DPI means half of the paid-in capital has been returned. Read the full guide to DPI and TVPI in private equity.
What is TVPI?
TVPI, or Total Value to Paid-In Capital, compares realized distributions plus the investment's remaining value with the capital contributed. A 1.20x TVPI means the investment's total realized and unrealized value is 1.2 times its paid-in capital. Learn more in the guide to DPI and TVPI in private equity.
Why are my DPI and TVPI the same number?
For a fully exited investment, exit proceeds are realized distributions and no unrealized value remains. DPI and TVPI therefore use the same numerator and are expected to be identical.
What if a distribution was reinvested?
For the most accurate DPI and TVPI, log the full distribution amount as a Distribution — that's what the fund actually paid out. If it was automatically reinvested into the same fund rather than paid to you as cash, also log that same amount as a Contribution on the same date. The tool still works without this extra step — it just keeps the numbers exact if it applies to you.
What is a good XIRR for a private investment?
A good XIRR depends on the investment's risk, strategy, leverage, liquidity, and holding period. Compare the result with the sponsor's target, similar investments, and the risk you accepted rather than relying on one universal benchmark.
XIRR vs. IRR — what's the difference?
IRR assumes evenly spaced periods. XIRR uses the actual dates of irregular cash flows, so it usually fits private-market investments better. See the full XIRR vs. IRR comparison for private equity.
Why include current value?
An investment that is still open needs a terminal value so XIRR can measure the return to date. Use the latest sponsor-provided valuation; it is an estimate, not cash you have received, and the result is only as current as that valuation.