CNL STRATEGIC CAPITAL ANNOUNCES OPERATING RESULTS FOR SECOND QUARTER 2025
Orlando, Fla., Aug. 08, 2025 (GLOBE NEWSWIRE) -- , CNL Strategic Capital, LLC (CNL Strategic Capital or the Company) seeks to provide current income and long-term appreciation to investors by acquiring controlling equity stakes in combination with loan positions in privately owned middle-market businesses. The Company announced its operating results for the six months ended June 30, 2025.
Highlights:
As of June 30, 2025, CNL Strategic Capital's portfolio consisted of equity and debt investments in 17 portfolio companies and had approximately $1.4 billion in total assets, compared with approximately $1.3 billion as of Dec. 31, 2024.
For the six months ended June 30, 2025, the Company recognized a net change in unrealized appreciation on investments, including unrealized foreign currency gain of approximately $55.2 million and had total investment income of approximately $35.1 million. That compares with a net change in unrealized appreciation on investments of $35.2 million and total investment income of approximately $32.1 million during the first six months of 2024.
The cumulative total investment return based on net asset value (NAV) since inception and through June 30, 2025, was approximately 116.7% for Class FA shares, 99.2% for Class A shares, 85.0% for Class T shares, 88.6% for Class D shares, 101.0% for Class I shares and 83.2% for Class S shares.1 These returns are prior to any applicable sales load and assume shareholders reinvested their distributions.
For the six months ended June 30, 2025, CNL Strategic Capital received approximately $74.9 million in net offering proceeds, including approximately $10.5 million received through the distribution reinvestment plan. Since beginning operations in February 2018 until June 30, 2025, CNL Strategic Capital raised approximately $1.2 billion, including $56.9 million received through the distribution reinvestment plan.
Cash distributions declared net of distributions reinvested were funded from the following sources (in thousands):
Six Months Ended June 30,
2025
2024
Amount
Percentage2
Amount
Percentage2
Net investment income before Expense Support (reimbursement)
$ 5,374
51.6 %
$ 9,634
100.1 %
Expense Support (reimbursement)
3,892
37.4
353
3.7
Net investment income
$ 9,266
89.0 %
$ 9,987
103.8 %
Cash distributions net of distributions reinvested in excess of net investment income
1,143
11.0
—
—
Cash distributions declared, net of distributions reinvested3
$ 10,409
100.0 %
$ 9,621
