Who uses a Lombard loan?
One instrument, several recurring holders — each with its own structuring considerations. The profiles below set out how a Lombard loan is shaped around the person who holds the position.
A Lombard loan is a single instrument, credit secured by a pledge of listed shares, but the reasons for using one, and the constraints around it, differ sharply from one holder to the next. A founder is bound by lock-ups and insider rules; a family office answers to a trust deed and a succession plan; a controlling shareholder must protect a voting position and a disclosure threshold. Each profile below sets out the structuring a Lombard facility calls for.
Founder Lombard Loans
Liquidity against a founder’s freely tradable listed stake, raised without selling and planned around lock-ups and insider rules.
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Family-Office Lombard Lending
Credit within trust and succession structures — for diversification, downstream deployment, and bridging a generational transfer.
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Controlling-Shareholder Financing
Liquidity that leaves voting control, the share register, and a takeover-code position undisturbed.
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Concentrated Single-Stock Liquidity
Capital released from a concentrated single-name position — to diversify or deploy — without selling the holding.
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Planning for Lock-Up Expiry
A facility prepared during the post-IPO lock-up, ready to draw once the shares are freely tradable.
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