Caltius Structured Capital Provides Add-on Financing and Alan Chen Joins as Vice President
June 25, 2019
Los Angeles, CA, June 2019 – Caltius Structured Capital is pleased to announce it has acquired minority equity in Musculoskeletal Clinical Regulatory Advisors, LLC (MCRA) to fund a dividend for the company’s shareholders. The transaction is Caltius Structured Capital’s third add-on financing for MCRA since investing subordinated debt to support the company’s growth in December 2017.
Founded in 2004, MCRA is a leading adviser and clinical research organization serving the neuro-musculoskeletal and medical device industries. MCRA’s unique value lies in its industry experience together with its successful integration of five business value creators: regulatory, reimbursement, clinical research, healthcare compliance, and quality assurance. MCRA serves nearly 500 clients globally from its offices in Washington, DC, Manchester, Conn., and New York, N.Y.
Separately, Caltius Structured Capital is pleased to announce that Alan Chen has joined the firm as vice president. Mr. Chen, who recently earned his M.B.A. from Columbia Business School, will be responsible for evaluating investment opportunities, leading due diligence for new transactions, monitoring portfolio companies and business development initiatives. He previously was an associate with Endeavour Capital and began his career in investment banking at Piper Jaffray & Co.