Barclays Joins , Accelerating the Digital Transformation of the Global Corporate Loan Market
Summary
NEW YORK (September 10, 2024) Versana today announced the closing of a $26 million capital raise with the addition of Barclays as an investor in its centralized, real-time digital data platform. In addition, Barclays joins as a subscriber and provider of its agented corporate loan data, becoming the tenth bank to commit to Versanas next-generation platform.As a major player in the U.S. and Europe, Barclays inclusion is clear evidence of Versanas growing success in transforming the $7 trillion broadly syndicated loan and private corporate credit markets globally.The significance of bringing Barclays in as an investor, subscriber and agent data contributor is a huge win for the global syndicated loan market, said Versanas Founding CEO Cynthia E. Sachs. Their significant commitment, alongside meaningful follow-on investments from our existing investors, validates the markets confidence in our game-changing platform.The addition of Barclays as a key stakeholder also advances Versanas plans to expand globally. Barclays long-established foothold in the U.K. and Europe, along with its franchise in the U.S., further strengthens Versanas mission.As a global leader in the debt capital markets, we are thrilled to join Versana to support their U.S. growth, as well as lead them into the U.K. and European markets in the coming year, said Tim Hartzell, Global Head of Portfolio Management at Barclays. Through its centralized platform, participants can rest assured they are accessing the loan markets most credible source of deal information.