Versana 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. Existing investors Bank of America, Citi , Deutsche Bank, J.P. Morgan, Morgan Stanley and Wells Fargo also “participated in this round.” In addition, Barclays joins as a subscriber and “provider of its agented corporate loan data, becoming the tenth bank to commit to Versana’s next-generation platform.” As a major player in the U.S. and Europe, Barclays’ inclusion is “clear evidence of Versana’s growing success in transforming the $7 trillion broadly syndicated loan and private corporate credit markets globally.” Versana’s Founding CEO Cynthia E. Sachs said: “The significance of bringing Barclays in as an investor, subscriber and agent data contributor is a huge win for the global syndicated loan market. Their significant commitment, alongside meaningful follow-on investments from our existing investors, validates the market’s confidence in our game-changing platform.” The addition of Barclays as a key stakeholder also “advances Versana’s plans to expand globally. Barclays’ long-established foothold in the U.K. and Europe , along with its franchise in the U.S., further strengthens Versana’s mission.” Tim Hartzell , Global Head of Portfolio Management at Barclays: “As […]
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