Legal Director | Fondo de Fondos

Daniel Basurto Caro
Legal Director | Fondo de Fondos
Career Biography
I am a lawyer with more than 27 years of experience across the financial sector and public administration. I have been directly involved in both the public and private sectors in the legal structuring, negotiation and execution of numerous sophisticated and strategic financial transactions of national significance to Mexico. My experience spans the telecommunications, energy, water, social infrastructure, roads and transport sectors, as well as financings provided by international financial institutions, treasury and hedging transactions, and financings constituting federal, state and municipal public debt.
I worked at Banobras, one of Mexico’s development banking institutions, where I participated in structuring and implementing financial transactions related to the development of infrastructure and public services, as well as in executing projects of national significance.
In the private sector, I joined Chávez Vargas Minutti as Counsel in the Banking and Finance practice. This role gave me the opportunity to bring to private practice the knowledge and experience I had acquired in the public sector. This combination of perspectives helped consolidate one of the defining features of my professional practice: the ability to understand a transaction from all sides of the table and recognise that a lawyer’s role is to reconcile the interests and objectives of the various parties in order to build viable, balanced and executable structures, while never losing sight of the need to protect the client’s interests.
I subsequently joined the Mexican Ministry of Finance and Public Credit (SHCP), where, among other responsibilities, I advised on the legal aspects of designing and preparing the Ministry’s standard-form hedging agreement, including the corresponding credit support strategy, in coordination with Banco de México and the Federal Treasury. I also participated in the legal aspects of designing the Mexican Federal Government’s oil hedging programme. These instruments have contributed to the Federal Government’s ability to manage more effectively the financial risks associated with financing activities and mitigate its exposure to volatility in energy markets.
I subsequently joined the Federal Electricity Commission (CFE), where I implemented the restructuring of its financing arrangements following the enactment, in 2025, of new legislation governing the organisation and operation of the company and modifying its legal nature.
I currently serve as General Counsel of Fondo de Fondos, a company whose mission is to catalyse domestic and international private capital investment in Mexico and across the Pan-American region. Through a multi-sector approach, Fondo de Fondos seeks to foster the growth and unlock the potential of companies operating across different sectors of the economy.
My principal current project involves participating in the structuring of an investment vehicle intended to leverage each peso invested by a factor of between 5x and 19x, directing capital towards projects aligned with the objectives of shared prosperity, innovation, productive relocation and nearshoring, sustainable infrastructure, the energy transition, and the creation and preservation of formal employment, in accordance with the Federal Government’s strategy known as “Plan México”.