Paid-in-capital

CFA Level II
#1

In PE, invested capital = paid-in-capital?

#2

No, paid-in-capital is the cumulative sum of invested capital. For example: t0: Inv Cap = 5…PIC = 5 t1: Inv Cap = 10…PIC = 15 t2: Inv Cap = 20…PIC = 35 . . etc

#3

Note: I refer to Inv Cap as Capital Called Down.