PIPE Financing
Private investment in public equity (PIPE) financing for HKEX-listed companies and major shareholders. Squadron Capital deploys direct capital from $1 million to $100 million — non-recourse, with no personal or corporate guarantees required.
How We Can Help
Key Features
- $1M to $100M direct capital deployment
- Non-recourse structures available, subject to eligibility and facility terms
- No personal or corporate guarantees required, subject to underwriting
- Private execution — no public raise or market disclosure of terms
- Capital deployed in the preferred currency and jurisdiction
- Professional discretion throughout
- Fast execution — indicative terms typically available within days of documentation
- Focused on HKEX and Asia-Pacific listed equities
- Retain exposure to the future upside of the position
About PIPE Financing
Squadron Capital provides PIPE financing — private investment in public equity — to listed companies and their major shareholders across Hong Kong and the wider Asia-Pacific region. As a direct capital provider with 15+ years operating in Asia, we deploy our own capital quickly and discreetly, without the delays of a public raise.
PIPE financing allows an HKEX-listed company or its major shareholders to raise capital privately using an existing listed equity position, while retaining exposure to the future upside of that position. Facilities range from $1 million to $100 million. Subject to eligibility, underwriting and the terms of the definitive facility agreement, structures are available on a non-recourse basis with no personal or corporate guarantees required. Capital is deployed in the recipient's preferred currency and jurisdiction, handled with professional discretion throughout.
Our focus is Asia-Pacific — Hong Kong (HKEX), Singapore (SGX), Thailand (SET), Malaysia (Bursa Malaysia), Japan and beyond.
Key Benefits
- Raise capital without a dilutive public offering
- Retain equity upside while accessing liquidity
- Move quickly on time-sensitive opportunities
- Professional discretion throughout the engagement
- Standard structures without predetermined capital usage requirements
Our Process
Confidential consultation to assess the listed position and capital requirement
Evaluation of the equity position and liquidity profile
Custom structuring of the PIPE facility with preferred terms
Discreet documentation and due diligence
Direct capital deployment to the shareholder
Frequently Asked Questions About PIPE Financing
PIPE (private investment in public equity) financing is a private capital arrangement in which a direct capital provider deploys capital to a listed company or its major shareholders using an existing listed equity position, without a public offering. Squadron Capital provides PIPE financing across Asia-Pacific on a non-recourse basis.
An HKEX-listed company or major shareholder receives direct capital from Squadron Capital based on the value of a listed equity position. The facility is non-recourse, requires no personal or corporate guarantees, and is arranged privately and confidentially — typically closing within 5–10 days once paperwork is processed.
A public raise involves market disclosure, regulatory process and potential dilution. PIPE financing from Squadron Capital is private and confidential, deploys direct capital quickly, and lets the shareholder retain exposure to the future upside of the position.
Squadron Capital deploys direct capital from USD 1 million to USD 100 million per facility, structured to the specifics of each listed position.
Squadron Capital focuses exclusively on Asia-Pacific, including Hong Kong (HKEX), Singapore (SGX), Thailand (SET) and Malaysia (Bursa Malaysia), Japan and other APAC exchanges.
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