easy · Private Credit fund-structures-returns-economics
In private credit fund terminology, what does the 'DPI' (Distributed to Paid-In) multiple specifically measure?
- The total estimated value of the portfolio, including unrealized gains, relative to the total cost
- The percentage of the loan portfolio that is currently making its interest payments in-kind (PIK)
- The ratio of cumulative cash distributions received to cumulative capital contributed by investors
- The annual net interest income generated by the fund divided by its gross assets
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