- Regulatory risk
- Changes in Mexican (Fintech Law, CNBV) or U.S. securities regulation could restrict the issuance, transfer, or distribution of the tokens or shares.
- Acquisition execution risk
- Acquisitions may close late or not at all, which would delay cash flow.
- Liquidity risk
- A secondary market is planned but not yet available. Until it opens, investors may be unable to sell their tokens.
- Counterparty risk
- Returns depend on the operating and financial performance of the portfolio companies and the issuing SPV.
- FX risk (MXN/USD)
- The platform earns revenue in both Mexican pesos and U.S. dollars, so exchange-rate swings can affect consolidated cash flow and distributions.
- Government contract award risk
- Government contracts are awarded through competitive bidding, and the group may not win them.
- Portfolio concentration risk
- The portfolio is concentrated in U.S. and Mexican healthcare, so a single industry or regulatory event could affect several companies at once.