Returns

IRR & MOIC

Money-weighted IRR (XIRR) and MOIC / DPI — from a simple entry-and-exit, or a full stream of dated contributions and distributions.

Inputs

Invested

Exit value

Holding period

yrs

IRR

22.9%

money-weighted (XIRR)

MOIC

2.80×

gross multiple

Total invested$10,000,000

Total distributed$28,000,000

Net gain$18,000,000

DPI (realized / paid-in)2.80×

XIRR is the discount rate that sets the net present value of the dated cash flows to zero — the standard for irregular fund flows. MOIC ignores timing; IRR rewards getting money back sooner.

For modeling and illustration only — not investment, legal, or tax advice. Conventions vary by fund; verify against your governing documents.