Bain Capital Joins Versana Platform, Accelerating Corporate Loan Market Modernization
- Editor
- Jan 28
- 2 min read
What's Happening: Versana, a digital data platform for the syndicated loan and private credit markets, has added Bain Capital Credit as its 13th top-tier financial institution subscriber. This move validates Versana's product-market fit and buy-side value proposition, while accelerating the digital transformation of the corporate loan market.
The Key Moves:
Bain Capital Credit joins Versana's centralized, digital data platform as the 13th top-tier financial institution subscriber.
Bain Capital is an early adopter of Versana's recently launched Reconciliation Module (VRM) for electronic position matching.
Versana now has over 6,000 corporate loan facilities totaling $3.5 trillion in notional commitments on its platform.
By The Numbers :
Versana's platform includes more than 6,000 corporate loan facilities.
The total notional commitments on Versana's platform amount to $3.5 trillion.
Versana closed a $26 million capital raise in mid-2024.
Key Quotes:
"The addition of Bain Capital is a huge win for Versana as it further validates our product-market fit and buy-side value proposition," said Cynthia E. Sachs, Founding CEO of Versana.
"Exciting new technologies are emerging across the industry, and Versana has firmly established itself as a leader in this space," said Kevin Gallagher, Head of Operations for Bain Capital Credit.
"Their portal, partnership with agent banks and innovative approach to digital loan data have real potential to transform how the overall loan market functions, particularly in back and middle office servicing," added Gallagher.
The Bottom Line: Bain Capital's adoption of Versana's platform marks a significant step in the modernization of the corporate loan market. As a leading global credit investor, Bain Capital's participation is expected to encourage other peer institutions to follow suit, potentially leading to widespread adoption of digital solutions in the loan market.
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