Contact Us Visit CNL Securities Overview Investment Strategy Performance Management Investor Resources News Overview Public Offering Highlights Unique Investment Structure A limited liability company, regulated as a direct participation program, taxed as a partnership Investment Managers1 Manager: CNL Strategic Capital Management, LLC Sub-Manager: Levine Leichtman Strategic Capital, LLC Investor Profile Individual and institutional investors Maximum Offering Size Up to $1.1 billion Net Asset Value (NAV)2 Class A: $30.88 Class T: $30.63 Class D: $30.30 Class I: $31.27 Published Net Asset Value (NAV) Monthly Offering Price Per Share3 Class A: $33.75 Class T: $32.16 Class D: $30.30 Class I: $31.27 Share Pricing Frequency3 Monthly Minimum Investment $5,000 Annualized Distribution Rate4 Class A: 3.70% Class T: 3.10% Class D: 3.71% Class I: 3.99% Share Subscription Procedure Monthly escrow sweep Geographic Focus Primarily in the United States Investment Strategy Long-term growth and income Distributions4 Declared and paid monthly. Sources of funds for distribution varies. Limited Share Repurchase Program5 Quarterly share repurchase program is based on net asset value. There will be numerous restrictions that limit an investor’s ability to sell their shares. Tax Reporting One consolidated Schedule K-1; best efforts to provide no later than mid-March Exit Strategy6 The board of directors intends to consider liquidity event options within six years from the termination of the public offering. The exit date can vary. Shares should only be purchased as a long-term investment. Financial Suitability Standards See the Suitability Standards section of the prospectus or your firm’s policies. Some states may have additional standards. These states include AL, CA, IA, ID, KS, KY, MA, ME, MO, ND, NE, NJ, NM, OH, OK, OR, PA, PR, TN and VT. Class FA Highlights7 NAV2 Class FA: $32.53 Annualized Distribution Rate Based on NAV4 Class FA: 3.84% Class S Highlights 8 NAV2 Class S: $32.73 There is no assurance the stated objectives will be met. CNL Strategic Capital pays substantial fees and expenses, which will reduce the amount of cash available for acquisitions or distributions to shareholders. Read the prospectus for complete details on the risks, fees and expenses. 1 Each an investment adviser registered with the U.S. Securities and Exchange Commission. 2 Effective as of Oct. 31, 2021. Asset valuations will be estimates of fair value and do not represent the amount an investor would receive now or at any time in the future. CNL Strategic Capital’s valuation is inherently subjective, and the NAV may not accurately reflect the actual price at which its assets could be liquidated. The realized value of shares will be dependent upon market conditions that are beyond anyone’s ability to control or predict. 3 Effective as of Nov. 26, 2021. The offering price will be adjusted monthly, in connection with the valuation, so shares are sold at a value that, after deducting commissions and dealer manager fees, is equal to NAV. 4 The annualized distribution rate is calculated by annualizing the distributions paid and dividing by the current price per share. For the year-to-date period ended Oct. 31, 2021, distributions paid were 56.2% from net investment income and 43.8% from offering proceeds. For the years ended Dec. 31, 2020, 2019 and 2018, distributions were paid from multiple sources and these sources included net investment income before expense support of 42.3%, 61.7% and 85.2%, reimbursable expense support of 33.2%, 23.5% and 11.1%, and offering proceeds of 24.5%, 14.8% and 3.7%, respectively. Distributions paid are not solely based upon performance. Distributions are not guaranteed in frequency or amount. Distributions from sources other than income can lower overall returns and will be dilutive to later investors. CNL Strategic Capital is obligated to repay expense support to the managers over several years, which will reduce future income available for distributions. Distribution amounts and composition of coverage will vary among share classes and the actual fiscal year distribution composition will not be known until the audited Form 10-K is filed. For the year-to-date period ended Oct. 31, 2021, CNL Strategic Capital’s per share net investment income was $0.82 for Class FA, $0.36 for Class A, $0.13 for Class T, $0.11 for Class D and $0.38 for Class I. For details, please see CNL Strategic Capital’s prospectus which has been supplemented with the most current financial reports. 5 The share repurchase program offers redemptions limited to direct reinvestment program proceeds, or 2.5% of CNL Strategic Capital’s aggregate net asset value per calendar quarter and up to 10% of the aggregate net asset value for the prior four quarters. The board of directors may suspend or modify the program at any time; however, it cannot be terminated absent a liquidity event or unless otherwise required by law. 6 The board of directors is under no obligation to pursue or complete any particular liquidity event during this time frame or otherwise. 7 FA share’s second tranche beginning on April 18, 2019 closed to new investors on Dec. 31, 2019 and the third tranche beginning on July 11, 2019 closed to new investors on March 31, 2020. 8 Class S shares commenced operations on Jan. 21, 2020 and closed to new investors on Dec. 31, 2020. Overview Market Overview Overview Video Quick Links: Home Prospectus Risk Factors Corporate Governance Privacy Policy Terms of Use Contact Us Site Map COVID-19 has had a limited impact on CNL Strategic Capital to date, yet the pandemic may have an adverse impact on the portfolio. Further, the spread of COVID-19 has caused severe disruptions in the U.S. and global economy and financial markets causing issues of unknown magnitude and duration. This is not an offer to sell nor a solicitation of an offer to buy shares of CNL Strategic Capital. Only the prospectus makes such an offer. This piece must be read in conjunction with the prospectus in order to understand fully all the objectives, risks, charges and expenses associated with an investment and must not be relied upon to make a decision. Please read the prospectus, including the Risk Factors section, for full details. Neither the U.S. Securities and Exchange Commission, the Attorney General of the State of New York nor any other state regulator has passed on or endorsed the merits of this offering. Any representation to the contrary is unlawful. An investment in CNL Strategic Capital, LLC is considered speculative and involves a high degree of risk, including the loss of all or a substantial amount of your investment. This offering is not suitable for everyone; investors are expected to meet the following: minimum financial suitability standards, time horizon, and risk tolerance to name a few. See your firm’s policies and the Suitability Standards section of the prospectus for details. An investment in CNL Strategic Capital is illiquid. Shares sold in this offering will not be listed on an exchange or quoted through a quotation system for the foreseeable future, if ever. If investors are able to sell their shares, they will likely receive less than their purchase price. Distributions paid are not solely based upon performance. Distributions are not guaranteed in frequency or amount. Distributions will be paid from net investment income, offering proceeds, borrowings or reimbursable expense support; the latter three will reduce future cash available for distributions and be dilutive to future shareholders. CNL Strategic Capital commenced operations in February 2018 and has a limited operating history. It may be unable to successfully implement its business and acquisition strategies or meet its investment objectives. Investors will not have the opportunity to evaluate businesses prior to acquisition. If CNL Strategic Capital is unable to raise substantially more funds, it will be limited in the number of businesses it acquires, which reduces diversification and increases the potential for volatility. CNL Strategic Capital is managed by CNL Strategic Capital Management, LLC and sub-managed by Levine Leichtman Strategic Capital, LLC, which are affiliates of CNL Financial Group and Levine Leichtman Capital Partners, respectively. Each managing entity is an investment adviser registered with the U.S. Securities and Exchange Commission. CNL Strategic Capital is regulated as a direct participation program (DPP). Managing dealer of CNL Strategic Capital is CNL Securities Corp., member FINRA/SIPC. CNL Securities cannot provide investment advice for any individual or any individual situation, and is not acting in a fiduciary capacity to any investor. Please speak with your financial professional regarding what share class may be best for your investment strategy. © 2021 CNL Strategic Capital Management, LLC. All Rights Reserved. CNL® and the Squares Within Squares design trademarks are used under license from CNL Intellectual Properties, LLC. Not for use in NJ. Our website uses cookies to help us better understand how our site is used and to tailor advertising. By clicking OK and continuing to use this website, you are consenting to the use of cookies. View privacy policy There are significant risks and investment costs associated with an investment in CNL Strategic Capital. This investment is considered speculative and is not suitable for all investors. To view a summary of these risks and costs, see the Risk Factors below. This material must be read in conjunction with the prospectus to fully understand the implications and risks involved in this offering. Carefully read the prospectus before investing. Prospectus [PDF] » Risk Factors » OKCancel