Vietnam Equity-Backed Funding
Direct, non-recourse capital for shareholders of HOSE and HNX–listed securities — fast terms, no personal or corporate guarantees, deployed from Squadron Capital’s own balance sheet.
Squadron Capital deploys direct, non-recourse capital for shareholders of Ho Chi Minh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX)–listed equities. Vietnam is one of Asia’s fastest-growing capital markets, and its founders and major shareholders frequently hold concentrated single-line positions with limited access to flexible single-stock capital. Facilities are arranged in days, not weeks, with no personal or corporate guarantees.
Squadron deploys its own capital, so every decision is direct, discreet and fast. Founders, listed-company executives, brokers, intermediaries and family offices across HOSE and HNX use Squadron to unlock liquidity from concentrated holdings while retaining market exposure. Squadron has operated in Asia for more than 15 years.
Traditional Financing vs Squadron Direct Capital
| Traditional institutional financing | Squadron Capital direct capital | |
|---|---|---|
| Execution timeframe | Weeks of internal committee review | Indicative terms within 24–48 hours |
| Recourse | Typically full recourse to the recipient | Non-recourse — no personal liability beyond the facility |
| Guarantees | Personal and corporate guarantees usually required | No personal or corporate guarantees |
| Concentrated positions | Single-line holdings often declined | Concentrated single-line positions considered |
| Local market knowledge | Very limited frontier-market single-line appetite | HOSE and HNX positions considered, including founder holdings |
| Focus | Generalist mandate across asset classes | 15+ years dedicated to Asia-Pacific listed equity |
Market-Specific Regulations
- •State Securities Commission of Vietnam (SSC) regulatory framework
- •Compliance with the Law on Securities 2019
- •Alignment with HOSE and HNX listing rules and market practices
- •Custody and settlement through the Vietnam Securities Depository and Clearing Corporation (VSDC)
- •Major shareholder disclosure (5% threshold) and insider reporting obligations
- •Foreign ownership limits considered where applicable
- •Adherence to Anti-Money Laundering obligations
Benefits
- ✓Access to liquidity across HOSE and HNX–listed equities
- ✓Fast, market-competitive funding terms
- ✓Non-recourse structure with no personal or corporate guarantees
- ✓Same-week capital deployment for most facilities
- ✓Squadron team operating in Asia for more than 15 years
Process Timeline
Initial Consultation
1-2 daysAssessment of funding needs and eligibility verification
Documentation
2-3 daysPreparation and execution of required legal agreements
Facility Arrangement
1 daySettlement of facility requirements
Capital Deployment
1 dayDirect deployment of capital to the shareholder
Ongoing Management
Facility termRegular mark-to-market assessments and facility adjustments
Track Record
A Vietnamese founder held a concentrated HOSE position and needed liquidity to fund business expansion. Squadron deployed a non-recourse facility in days, with no personal guarantee, and the founder retained upside exposure to the listed holding throughout the facility term.
Illustrative and anonymized. Squadron Capital holds no fiduciary responsibility.
Frequently Asked Questions — Vietnam Equity-Backed Funding
It is direct, non-recourse capital that Squadron Capital deploys to a shareholder using their HOSE or HNX–listed equity as the reference for the facility. Squadron provides the capital itself, so terms are fast and discreet.
Indicative terms are typically issued within 24–48 hours, with capital often deployed the same week once documentation is complete.
No. Squadron facilities are non-recourse, with no personal or corporate guarantees.
Squadron considers a broad range of HOSE and HNX–listed equities, including concentrated founder holdings that traditional institutions often decline. Foreign ownership limits are considered where applicable.
Founders, listed-company executives, brokers, intermediaries, family offices and private bankers across HOSE and HNX. Squadron deploys capital directly and holds no fiduciary responsibility.
Learn More
Educational guides for shareholders and intermediaries exploring direct, non-recourse capital:
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