#USA #New York #Morgan Stanley #Versana #BSL Deals

Morgan Stanley's Innovative Leap into Digital Loan Management

April 9, 2025, marks a significant milestone in the world of corporate finance as Morgan Stanley proudly announces the live operation of its agented broadly syndicated loan (BSL) deals on Versana's real-time digital data platform. This partnership comes on the heels of Morgan Stanley's strategic investment in Versana back in March 2023, showing a clear commitment to modernizing the sprawling $8 trillion corporate loan asset class.

Versana's platform promises to streamline processes by offering a centralized hub where Morgan Stanley can securely deliver its global loan reference and agency data, sourced directly from its golden-source ledger system. This transformation will undoubtedly improve transparency for institutional clients who benefit from real-time access to vital loan information. Moreover, the integration of Morgan Stanley’s deals into Versana’s systems not only augments loan market coverage but also enhances operational efficiencies and workflow management for its subscribers.

Cynthia E. Sachs, the Founding CEO of Versana, expressed her enthusiasm about this launch, stating, "The addition of Morgan Stanley's deals signifies a major advancement in our efforts to reshape the loan market ecosystem. With every new agent contributor, we can significantly enhance market coverage and speed up the implementation of our core digital data products. We appreciate Morgan Stanley’s partnership, which is pivotal as we continue to expand our impactful initiative."

Echoing Sachs' sentiments, John Gally, Global Co-Head of Leveraged Finance at Morgan Stanley, commented on the significance of this collaboration, saying, "Integrating our agented BSL deals onto Versana’s platform furthers the digital transformation occurring within our industry. By sharing our leveraged loan deals data with our buy-side clients through Versana, we’re not only facilitating market scalability but also fostering growth."

This latest connectivity marks a vital step in Versana’s mission to revolutionize both the BSL and private corporate credit market landscapes. In January 2025, Versana welcomed Bain Capital Credit as its first buy-side subscriber, further indicating the platform's expanding influence. Currently, Versana boasts over 6,000 corporate loan facilities, amounting to a staggering $3.5 trillion in notional commitments available on its next-generation platform.

Versana stands as an industry-backed enterprise data and technology innovator focused on reshaping the syndicated loan and private credit sectors. Their robust platform digitally captures and organizes corporate loan data provided by agent banks in real-time, fostering unprecedented transparency into granular loan details and lender portfolio positions. As a result, participants in the financial markets can rely on Versana for the most credible source of deal information available today. By garnering substantial investment support, Versana is swiftly establishing itself as the go-to technology solution to usher in the long-awaited modernization of the corporate loan market. For more detailed information on their services, prospective users can visit versana.io.

With these developments, both Morgan Stanley and Versana are poised to redefine the parameters of traditional lending, positioning themselves at the forefront of financial innovation. This progress not only promises to deliver substantial benefits to their clients but also sets a new standard within the corporate finance landscape, inviting further advancements and collaborations in the financial sector's ever-evolving journey towards digital transformation.