Is it better a higher TVPI or lower?
Reading CIT about PE Secondaries, one quantiative benefit is a lower TVPI, but given that the formula is D+NAV/C i though that a higher ratio would be preferable in every case because the terminal value (NAV) of the numerator would be higher hance, the fair value of your investment given your contributions would be higher.
Can someone clarify this for me?
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