Entire capital at risk
Private-company investments are speculative and investors may lose their entire investment. A tax credit does not guarantee return of capital.
Illiquidity
Private securities may have no public market and can be difficult or impossible to sell.
Business and financing risk
Companies face execution, market, customer, competition, technology, regulatory, governance and additional-capital risks.
Independent assessment
Investors should review documents, understand terms and obtain independent legal, financial and tax advice.
Last updated March 2026. Contact Vista for questions about this policy.