Financial & Investment
DPI in private equity: what LPs now ask GPs about distributions
Distributions to paid-in capital has become the metric limited partners trust. How investor relations teams should evidence a credible exit path. The report sets out the considerations and practical implications discussed in the article.
- Format
- PDF · 14 pages
- Published
- Published Oct 2026
- Article
- Read the article
What's inside
- 01Distributions have become the first question LPs ask GPs
- 02The exit backlog is large and holding periods keep stretching
- 03Exit value is recovering, but the recovery is uneven and concentrated
- 04LPs have already cut their return assumptions, so patience is conditional
- 05Fundraising now depends on proof of cash, not paper marks