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The $5 trillion corporate loan market is primed for continued growth, but poor data quality, antiquated processes and lack of bold innovation are holding it back. As the industry’s most credible source of syndicated loan data, Versana is bringing transparency, efficiency and velocity to the entire market.
Versana is a case study in collaboration. Backed by a consortium of leading global banks, our four founding investors – J.P. Morgan, Bank of America, Citi and Credit Suisse – first came together to address the poor data quality, operational challenges and inefficiencies in the leveraged loan market. With their commitment, and the addition of new investors Deutsche Bank, Morgan Stanley, U.S. Bancorp and Wells Fargo in March 2023, Versana is ideally positioned to create innovative solutions to reduce manual processing, improve data quality and mitigate operational risks for all loan market participants. And that’s just the beginning. We have ambitious plans to expand further into the private corporate credit space by adding new facility types, moving into middle-market deals as well as growing internationally over the coming years.
Born out of the sheer determination of the industry’s largest players to bring innovation to the private segment of the corporate credit market, Versana’s first mission is to make the broadly syndicated loan asset class better. Bolstered by our high-quality data, leading-edge technology and user-friendly design, we are laying the foundation for a more efficient, scalable and ultimately bigger marketplace.
The $5 trillion corporate loan asset class sits at the crossroads of many segments of the capital markets – private debt, private equity, private wealth and asset management – yet it has lacked the digital innovation that has transformed other asset classes. Enter Versana.
We provide unprecedented transparency into deal, facility and contract level details, as well as notices, portfolio positions and transaction history by digitally capturing administrative agents’ loan data on a real-time basis.
Our platform is already powered by the syndicated loan market’s largest players, and the value proposition of our product is rapidly growing. With our early momentum and determination to bring about real innovation to the market, we are poised for broad industry adoption.
Our platform has been designed by seasoned veterans of the loan market ecosystem. We are intimately familiar with the data, operational and technological challenges that exist today and are committed to creating a new, modern market paradigm.
With cutting-edge technology, high quality real-time data and a host of innovative tools, we are facilitating long-term, scalable market growth. Participants will immediately benefit from our foundational product offering, and be empowered to collaborate with us today, tomorrow and in the future.
If you are interested in becoming a client, data contributor or partner in helping us usher in a new era for the syndicated loan market, we want to hear from you.
