Question: is tvpi net or gross?
Answer: Gross MOIC • Multiple on Money (MOM) • Book Value on Invested Capital • Clarify whether “gross multiple” means: a. Multiple on invested capital (MOIC) b. Multiple on paid-in capital (gross TVPI) • “TVPI” almost always means “net TVPI”. Gross IRR • Rate of return for measuring a GP's raw investment acumen.