Council Ring Capital

Council Ring Capital

Council Ring Capital was established in 2022 by Andy Mills following the 2021 sale of Medline Industries to a consortium that included Blackstone, Carlyle, and Hellman & Friedman. The firm manages wealth generated by that transaction for the Mills family and operates as a single-family office based in Libertyville, Illinois. The office pursues a multi-strategy approach that includes public equities, buyouts, growth equity, secondaries, and fund commitments. It participates in direct co-investments and SPVs alongside sponsors while also allocating to hedge funds and external managers. Confirmed activity includes a co-investment with Antti Herlin in the Medix Biochemica continuation fund managed by DevCo Partners. Geographic reach covers North America, Europe, and Asia, with additional exposure to enterprise software, biotech, and consumer technology. The team includes CIO Chuck Murphy and CFO Jennifer Blockinger. Andy Mills serves as a trustee of Rush University Medical Center and Charlie Mills serves as a director of Northwestern Memorial Hospital. The firm maintains two philanthropic vehicles, the Mills Family Charitable Foundation and the Mills Family Foundation. No operational events from the last 24 months appear in available records. Council Ring Capital maintains a hybrid structure that combines direct deal execution with selective fund commitments, allowing it to retain control over permanent capital while accessing sponsor-backed opportunities through existing relationships formed during the Medline transaction.