Our Focus

Strategic Liquidity

Substantial liquidity. Without selling your public equity position.

Our Investment
Practice

Some of the most significant concentrations of wealth in public markets sit in single positions built over years by founders, earned by executives, and accumulated by long-term investors. Accessing that capital has historically meant one thing: selling.

Argonaut Capital introduces qualified shareholders to a curated institutional lending platform that provides a different path. Limited-recourse, equity-backed financing structured against a single listed position, with market-leading loan-to-value ratios, institutional pricing, and a framework built to protect the borrower at every stage. Beneficial ownership is retained. Upside participation is preserved.

Qualified Borrowers

These facilities are structured for shareholders with significant listed equity positions who require liquidity without the tax consequences, signaling risk, or permanent loss of ownership that a sale would entail.

 

Typical borrowers include:

  • Founders and co-founders holding concentrated positions in public companies
  • C-suite executives and senior officers with meaningful listed equity
  • Private investors and family offices with substantial public company stakes
Structure and Execution

Each facility is structured against a single public equity position, held in a custodial account for the beneficial owner throughout the life of the loan. Liability is expressly limited to the pledged collateral, a contractual protection built into the structure of every transaction and not a characterization applied after the fact.

No personal assets or guarantees.

No cross collateralization.

Facility Terms

Single-Position Structure
Each facility is built around one listed equity position. No diversification requirement. No portfolio pledge.
Loan-to-Value Up to 65%
Market-leading LTVs that unlock meaningful liquidity against qualifying positions.
Custodial Security
Pledged securities are held in a custodial account for the beneficial owner, not transferred to the lender.
Perfected First-Priority Lien
Lenders take a perfected, first-priority security interest in the pledged collateral.
Confidential Execution
Transactions are structured within the private credit market. Execution is discreet by design.
Institutional Pricing
Rates are benchmarked to the institutional credit market, not retail margin or brokerage terms.
Limited to Pledged Shares
Borrower liability is limited to the pledged collateral. Personal assets and other holdings are fully insulated.
Retained Beneficial Ownership
Borrowers maintain beneficial ownership of their pledged shares throughout the facility term, including any appreciation in value.
Flexible Cure Provisions
Reasonable cure periods give borrowers room to address margin events without the risk of forced liquidation.

Argonaut's Role

Argonaut serves as a trusted referral partner. We make introductions to a curated institutional lending platform and support borrowers through the structuring and diligence process, ensuring each transaction is appropriately sized, properly documented, and aligned with the borrower’s broader financial and ownership objectives.

The Briefing

Updates & Insights.
The latest insights from Argonaut.
July 2, 2026
The Signal Cost of Selling
The financial math on a large insider sale is well understood. What rarely gets modeled is what that transaction communicates to the institutional investors watching the tape.
July 2, 2026
What the 10b5-1 Reforms Actually Changed for Executives
The 2022 amendments tightened a rule that needed tightening, but the friction fell on everyone, including executives who weren’t abusing the system. For those who never intended to sell in the first place, the more useful question is whether a trading plan was ever the right tool.
June 30, 2026
The Concentration Paradox and Why Most Solutions Don’t Solve It
The standard tools for managing concentrated equity, selling, exchange funds, tender offers, all require the holder to give up the very conviction that built the position in the first place. There is a structurally different path, and most advisory conversations never get there.