IRR vs MOIC vs DPI vs TVPI: The 4 VC Return Metrics Every LP Asks About
Understanding IRR, MOIC, DPI, and TVPI is essential for anyone working with VC funds. Here's what each actually measures and why DPI dominates LP conversations in 2026.
LP Relations & Venture Capital Fund Economics
Limited partners shape the venture capital industry through allocation decisions, fund sizing, and manager selection. Our LP relations coverage explores fund economics, emerging manager dynamics, and the institutional trends driving VC fundraising.
LP & Fund Economics Topics
- Fund structures: Management fees, carry, hurdle rates, and fund life
- LP allocation: Endowments, pensions, family offices, and fund-of-funds
- Performance metrics: TVPI, DPI, IRR, and vintage-year comparisons
- Emerging managers: First-time funds and diversification strategies
Read LP relations and fund economics articles below.
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