- Churchill has $41 billion of committed capital
- Based in San Francisco, Gryphon Investors backs middle-market companies
- As of December 31, 2021, Gryphon has over $9 billion of assets under management
Churchill Asset Management has made a debt investment to back Gryphon Investors‘ recapitalization of Chicago-based Heartland Veterinary Partners, a provider of veterinary support services. No financial terms were disclosed.
“Heartland is a strategic platform investment for Gryphon, as the company continues executing accretive acquisitions and is a Top 10 national player with significant scale and density in multiple attractive geographies,” said Michael Chiulli, a principal on Churchill’s private equity & junior capital team, in a statement. “We are excited to partner with the Gryphon team as they have implemented multiple value creation opportunities for Heartland.”
Churchill is an investment-specialist affiliate of Nuveen, the asset manager of TIAA. Churchill has $41 billion of committed capital.
Based in San Francisco, Gryphon Investors backs middle-market companies. As of December 31, 2021, Gryphon has over $9 billion of assets under management. Gryphon targets making equity investments of $50 million to $300 million in portfolio companies with enterprise values ranging from approximately $100 million to $600 million.