Risk Appetite Statement
Framework
Telvo's Risk Appetite Statement articulates the firm's tolerance for risk across investment, operational, regulatory, and reputational dimensions.
Investment Risk
Telvo underwrites investments to institutional infrastructure standards with contracted counterparty cash flows, physical asset backing, and clear jurisdictional entitlements. Speculative or non-contracted asset acquisitions require investment committee escalation.
Concentration
Fund-level concentration limits govern maximum single-asset and single-counterparty exposure. Cross-fund concentration is monitored at the platform level and reported to LP Advisory Committees.
Leverage
Fund-level leverage is applied conservatively within the parameters of each fund's LPA. Refinancing risk is monitored on a rolling basis.
Operational Risk
Operational risk including uptime SLA breach, permitting delay, carrier default, and construction overruns is monitored by the platform's asset management and business development teams.
Regulatory Risk
Regulatory risk including FCC licensing, spectrum policy, subsea landing rights, and cross-border communications regulation is monitored by legal counsel and reported to senior leadership.