What is the definition of RVPI: Residual value to Paid-in capital

The ratio of Residual value attributable to LPs (net of carried interest) to Paid-in capital. This calculation uses the data presented in the capital account on the “Total for investors” line. Note that not all payments by Investors are classified as Paid-in capital. See the explanation provided for Net IRR. The ratio is presented as a number, not a percentage.