Founding CEO Cynthia Sachs welcomes new investors Deutsche Bank, Morgan Stanley, U.S. Bancorp and Wells Fargo
At Versana, our mission is to bring real-time, digital innovation to the $5 trillion syndicated loan market – and that begins with our best-in-class investor base. As we continue our journey to become the market standard, we’re even more certain that it’s only through close collaboration and teamwork as an industry that such success is achievable. This is why we’re thrilled and beyond proud to announce today that Deutsche Bank, Morgan Stanley, U.S. Bancorp and Wells Fargo have joined Versana as our newest investors.
For those who have followed us since our launch only one year ago, I’m certain you appreciate the significance of this milestone.
In connection, we’re excited to share that these new investors were part of a $40 million capital raise, with our founding banks also making follow-on contributions. We’re incredibly grateful for their commitments and support and continue to be humbled by the overwhelmingly positive response from so many loan market players across the ecosystem.
With the global capital markets in a fairly volatile state at the moment, now is the time to ensure that agent banks, lenders, fund administrators and trustees all have the needed transparency and digital tools to manage and drive the syndicated loan market forward. As we all know, this asset class has historically lagged well behind the rest of the capital markets from a technology perspective – but not anymore.
While we’ve achieved a good deal of success in a relatively short period of time, we’re cognizant that Versana is still in its infancy and that we have a long, yet incredibly exciting road ahead. Between the tireless work of our fantastic team, extraordinary response from over 150 market participants and now solid commitment from eight leading banks, we’re even more confident that the future of the loan market is exceptionally sunny and bright.
Ready to join the transformation? Reach out to us.