New Canaan Funding Closes Investment in Clinical Education Alliance

January 11th, 2021 | Posted by ncfadmin in Uncategorized

December 21, 2020 – New Canaan Funding Mezzanine VII SBIC, LP (“NCF VII SBIC”) provided financing to support the acquisition of Clinical Education Alliance, LLC (“CEA” or the “Company”) by The Riverside Company (“Riverside”). NCF provided debt and equity financing as part of this acquisition.

CEA, headquartered in Reston, Virginia, develops learning materials delivered through in-person or virtual events developed by on-staff scientific experts. CEA is the global leader in the development of innovative virtual and live continuing medical education. The Company allows healthcare practitioners to learn and discover novel treatments and updates in medical science, all with the goal of helping better treat patients, and to stay compliant with various regulatory requirements.

New Canaan Funding (“NCF”), with offices in Naples, Florida, New Canaan, Connecticut and Wheaton, Illinois, is a mezzanine firm focused on the middle market private sponsor community. Since its beginnings in 1995, NCF has targeted acquisitions, recapitalizations and growth financings in conjunction with its private equity clients. NCF is currently investing out of its seventh fund. The investment in CEA represents NCF VII SBIC’s third investment in the fund. This financing represents the seventeenth investment with Riverside, including fifteen investments made in the prior NCF investment vehicles.

The Riverside Company fosters long-term growth through fundamental operating improvements and add-on acquisitions, preferring to partner with sellers seeking to remain involved in the company and working together to drive growth. Through more than 600 investments, Riverside has honed its approach to sourcing ‘little leading’ companies with teams of financial and operational experts delivering a fair, fast process that aims to provide successful outcomes.

Contact and additional information for The Riverside Company can be found at

Contact at New Canaan Funding:

Mark Thies 203-966-1071

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