On this page
Use an original interview prompt
The interviewer supplies commitment 200, paid-in 100, distributions 40 and residual 110. They ask whether the investor has received a 50% cash profit and whether the fund has earned 50% per year. The record supplies no transfer dates.
Reconstruct the amounts before answering
TVPI is 1.5× on the stated paid-in basis, comprising DPI 0.4× and RVPI 1.1×. Only the distribution component has been returned under the record; remaining value is residual. No annual rate can be obtained from the multiple alone.
Ask for the missing evidence
| Question | Reason |
|---|---|
| What date and value basis? | Residual comparability |
| Which costs and adjustments? | Consistent input definitions |
| What are the transfer dates? | Investor rate calculation |
| What remains callable? | Future funding question |
Make the limits part of the reasoning
The aim is a precise explanation rather than a confident unsupported ranking. An analyst can demonstrate command of the record by distinguishing a computable ratio from a missing rate or liquidity conclusion. This is original practice, not a claim about a particular employer’s interview.