New Canaan Funding Closes Investment in OutSolve

December 9th, 2022 | Posted by ncfadmin in Uncategorized

October 13, 2022 – New Canaan Funding Mezzanine VII SBIC, LP (“NCF VII SBIC”) provided financing to support the acquisition of OutSolve, LLC (“OutSolve” or the “Company”) by The Riverside Company (“Riverside”). NCF provided debt and equity financing as part of this acquisition.

OutSolve, headquartered in Metairie, Louisiana, provides compliance solutions to assist clients in adhering to federal contracting standards and other regulations designed to promote non-discriminatory policies in the workplace. The Company services more than 2,000 customers in a variety of industries across the U.S.

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 OutSolve represents NCF VII SBIC’s ninth investment in the fund. This financing represents the nineteenth 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 ext. 225

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