Principal® supports Iron Path Capital’s investment with Versant Diagnostics


DES MOINES, Iowa – (COMMERCIAL THREAD) – Main global investors®, through its direct lending business, Principal Alternative Credit, today announced that it is the sole senior arranger and administrative agent of senior secured credit facilities for Versant Diagnostics, a portfolio company of Iron Path Capital, in partnership with Alliance Pathology Consultants.

The funding supports the emergence of Versant Diagnostics as one of the largest independent, physician-led pathology groups in the Midwest region.

“We are delighted to support Iron Path Capital and Versant as they continue to successfully execute their acquisition strategy, ”said Doug Koch, Managing Director of Sponsorship Creation at Principal. “We look forward to the continued growth and expertise that Versant’s talented management team and physician partners will contribute to this new brand.

“Principal delivered by committing to the entire facility in support of Versant, ”said Rob Reistetter, co-founder of Iron Path Capital. “Their knowledge in the healthcare sector enabled them to act quickly to provide the optimal financing solution for the transaction, demonstrating their flexibility and ability to execute.

Principal Alternative Credit invests in privately negotiated debt transactions with sponsored and unsponsored middle market companies across North America that typically have $ 5 million or more in EBITDA. The direct lending team targets transactions of $ 25 million to $ 200 million, with typical hold amounts of $ 10 million to $ 50 million.

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About Versant Diagnostics

Founded in 2021 by prominent physicians and operating executives Ven Aduana, MD, Jim Billington and Brian Carr, Versant Diagnostics is a leading physician services company focused on anatomical pathology, precision medicine and digital transformation Of the industry. Her areas of focus include urology, dermatology, women’s health, gastroenterology and hematology. Versant is based in Chicago, Ill., With the goal of consolidating the nation’s largest independent pathology platform. Learn more at

About Iron Path Capital

Founded in 2021 by seasoned investors and operating executives Rob Reistetter and Scott Mraz, Iron Path Capital is a private equity firm specializing in building large businesses in healthcare and specialty industries. With offices in Nashville, TN and Charlottesville, VA, Iron Path Capital supports executive teams with strategic leadership, operational expertise and flexible capital to achieve visionary growth plans through defined and defensible execution. Learn more at

The recent transaction described above is intended to demonstrate the application of Principal Alternative Credit’s investment strategy and represents intermediary marketing loan transactions previously entered into by Principal Alternative Credit. There is no guarantee that future transactions entered will have the characteristics of the transactions described above.

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