TVPI

Venture Capital KPIs: 20 Metrics Every GP Should Track

Most GPs are flying blind. Here are the 20 VC KPIs that separate disciplined fund managers from everyone else — with benchmarks, formulas, and why each one matters.

IRR: What Internal Rate of Return Means in Venture Capital

IRR (Internal Rate of Return) is how venture capitalists measure the time-adjusted performance of their investments. Here's what it means, how it's calculated, why timing matters, and what good IRR looks like for a VC fund.

LP Reporting Best Practices: Quarterly Reports That Build Trust

How to write LP quarterly reports that build trust and keep your investors informed. Templates, metrics to include, and the cadence top GPs follow.

TVPI: What Total Value to Paid-In Means in Venture Capital

TVPI (Total Value to Paid-In) is the primary fund performance metric used by LPs and VCs to measure total return — both realized and unrealized — relative to capital invested. Here's what it means, how it's calculated, and what benchmarks matter.

Venture Capital Fund Administration: What It Is, Who Does It, and Why It Matters

Fund administration is the operational backbone of every venture fund — handling NAV calculations, capital calls, LP reporting, K-1s, and compliance. Here's what emerging managers need to know before they raise.

What LPs Actually Care About When Investing in VC Funds

DPI vs TVPI, track record, team stability, differentiated access, fund size discipline—here's what limited partners actually evaluate when committing to a venture fund.