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小小悟空yu · 2020年10月24日

问一道题:NO.PZ201603110100002802 第2小题 [ CFA III ]

* 问题详情,请 查看题干

问题如下:

2. The SPES composite’s investment multiple (TVPI) is closest to:

选项:

A.

0.13.

B.

0.86.

C.

1.12.

解释:

The GIPS Glossary defines the TVPI (real estate and private equity) as "total value divided by since inception paid-in capital." The GIPS Glossary defines Total Value (real estate and private equity) as "residual value plus distributions". Using the data given in Exhibit I, the simplest way to find TVPI is to add RVPI and DPI. The calculation is: 0.99 + 0.13 = 1.12. Alternately, one can multiply the monetary amount of paid-in capital by RVPI to determine the residual value, add it to cumulative distributions, and divide the sum by paid-in capital. In this approach, the calculation is [(20 ×0.99) + 2.5]/20 = 1.12. (See Section 3.15 of the reading.)

请问这个题怎么做的,tvri是什么

1 个答案

韩韩_品职助教 · 2020年10月25日

嗨,从没放弃的小努力你好:


同学你好,TVPI = DPI + RVPI,DPI是已经给LP支付的部分,而RVPI是归属于LP但是还没有分配的部分,所以TVPI就是total value / paid-in capital.


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