Churchill’s Private Equity & Junior Capital team completes direct investment alongside Gridiron Capital in Vistage Worldwide

Charlotte, NC, August 1, 2022 Churchill Asset Management (“Churchill”) announced a direct investment in support of Gridiron Capital (“Gridiron”) in their acquisition of Vistage Worldwide (“Vistage” or the “Company”). Vistage is a professional membership organization offering peer-to-peer networking and education services including group advisory meetings, one-on-one coaching, access to expert speakers and events, online content, and more. Members are primarily CEOs as well as other operational and functional leaders.

“Vistage is a compelling investment opportunity with a strong value proposition to members, decades-long track record of growth and member retention, recession resilience, and a robust cash flow profile,” said Derek Fricke, a Managing Director on Churchill’s Private Equity & Junior Capital team. “Vistage uniquely aligns with Gridiron’s experience in professional training, human capital management, and member-centric businesses. We are excited about our partnership with Gridiron on this opportunity.”

About Churchill Asset Management LLC

Churchill, an investment-specialist affiliate of Nuveen (the asset manager of TIAA), provides customized financing solutions to middle market private equity firms and their portfolio companies across the capital structure. With $39 billion of committed capital, Churchill provides first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments and private equity fund commitments. Churchill has a long history of disciplined investing across multiple economic cycles and our unique origination strategy, best in class execution and investment are driven by more than 130 professionals in New York, Charlotte, Chicago, Dallas and Los Angeles. More information can be found at www.churchillam.com.

About Gridiron Capital

Gridiron Capital is an investment firm focused on partnering with founders, entrepreneurs, and management teams, and creating value by building middle-market companies into industry-leaders in branded consumer, B2B and B2C services, and niche industrial segments in the United States and Canada. We help transform growing companies by winning together through hard work, partnerships grounded in shared values and a unique culture that comes from hands-on experience building and running businesses. As a team led by former operators and entrepreneurs, we know what it takes to run successful businesses on a day-to-day basis. Additional information is available on the firm’s website: www.gridironcapital.com.

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This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Financial professionals should independently evaluate the risks associated with products or services and exercise independent judgment with respect to their clients.

Churchill Asset Management is a registered investment advisor and majority-owned, indirect subsidiary of Teachers Insurance and Annuity Association of America. Certain Nuveen products are advised by Nuveen Alternatives Advisers LLC, a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, Member FINRA and SIPC.

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Churchill Asset Management
Location
430 Park Avenue, 14th Floor
New York, NY 10022
Phone
(212) 478-9200
Email
info@churchillam.com

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The material is for informational purposes only and should not be regarded as a recommendation or an offer to buy or sell any product or service to which this information may relate. Certain products and services may not be available to all entities or persons. Past performance does not guarantee future results. Please note investments in middle market loans are subject to various risk factors, including credit risk, liquidity risk and interest rate risk. Churchill Asset Management LLC is a majority-owned subsidiary and member of the TIAA group of companies.