Category: 2023

(Orlando, Fla.) Nov. 10, 2023 — CNL Strategic Capital, LLC (“CNL Strategic Capital,” the “Company” or “we”) 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 nine months ended Sept. 30, 2023. Highlights: As of Sept. 30, 2023, CNL Strategic Capital’s portfolio consisted of equity and debt investments in 12 portfolio companies and approximately $948.8 million in total assets, compared with approximately $732.5 million as of Dec. 31, 2022. For the nine months ended Sept. 30, 2023, the Company recognized a net change in unrealized appreciation on investments of approximately $24.6 million and had total investment income of approximately $43.7 million. That compares with a net change in unrealized appreciation on investments of $27.6 million and total investment income of approximately $34.1 million during the first nine months of 2022. The cumulative total investment return based on net asset value (NAV) since inception and through Sept. 30, 2023, was approximately 80.1% for Class FA shares, 68.1% for Class A shares, 58.7% for Class T shares, 60.0% for Class D shares, 69.9% for Class I shares and 52.1% for Class S shares.1 These returns are prior to any applicable sales load and assume shareholders reinvested their distributions.  For the nine months ended Sept. 30, 2023, CNL Strategic Capital received approximately $207.6 million in net offering proceeds, including approximately $9.0 million received through the distribution reinvestment plan. Since beginning operations in February 2018 until Sept. 30, 2023, CNL Strategic Capital had raised approximately $857.1 million, including $24.4 million received through the distribution reinvestment plan. Cash distributions declared net of distributions reinvested during the periods presented were funded from the following sources (in thousands): Nine Months Ended Sept. 30, 2023 2022 Amount % of Cash Distributions Declared Net of Distributions Reinvested Amount % of Cash Distributions Declared Net of Distributions Reinvested Net investment income before expense support (reimbursement) $17,918 141.2 % $ 14,575 141.1 % Expense support (reimbursement) $     (644) (5.1) % $   (2,535) (24.5) % Net investment income $   17,274 136.1 % $   12,040 116.6 % Cash distributions declared, net of distributions reinvested2 $12,694 100.0 % $10,392 100.0 % Sources of declared distributions on a GAAP basis (in thousands): Nine Months Ended Sept. 30, 2023 2022 Amount % Distributions Declared Amount % Distributions Declared Net investment income3 $     17,274 79.7 % $  12,040 76.1 % Distributions in excess of net investment income4 $          4,387 20.3 % $     3,774 23.9 % Total distributions declared $     21,661 100.0 % $15,814 100.0 % Total investment return based on net asset value (NAV) after incentive fees per share for the nine months ended Sept. 30, 20231: Class FA Class A Class T Class D Class I Class S 5.8% 5.1% 4.6% 5.0% 5.1% 6.2% (These returns are prior to any applicable sales load and assume shareholders reinvested their distributions. These are not actual shareholder returns. Actual returns may vary materially.) Cumulative total investment return based on NAV after sales fees since inception and through the nine months ended Sept. 30, 20231: Class FA Class A Class T Class D Class I Class S 80.1% 68.1% 58.7% 60% 69.9% 52.1% (These returns are prior to any applicable sales load and assume shareholders reinvested their distributions. These are not actual shareholder returns. Actual returns may vary materially.) 1This is not shareholder returns. Total investment return is calculated for each share class as the change in the net asset value for such share class during the period and assuming all distributions are reinvested. Amounts are not annualized and are not representative of total return as calculated for purposes of the total return incentive fee. Since there is no public market for the Company’s shares, terminal market value per share is assumed to be equal to net asset value per share on the last day of the period presented. The Company’s performance changes over time and currently may be different than that shown above. Past performance is no guarantee of future results. Investment performance is presented without regard to sales load that may be incurred by shareholders in the purchase of the Company’s shares.2Excludes $8,967 and $5,485 of distributions reinvested pursuant to our distribution reinvestment plan during the nine months ended Sept. 30, 2023 and 2022, respectively. 3Net investment income includes Expense Support reimbursement, net of $644 and $2,535 for the nine months ended Sept. 30, 2023, and 2022, respectively. 4Consists of distributions made from offering proceeds for the periods presented. About CNL Strategic Capital CNL Strategic Capital is a publicly registered, non-traded limited liability Company that seeks to provide current income and long-term appreciation to individuals by acquiring controlling equity stakes in combination with loan positions in durable and growing middle-market businesses. The Company is externally managed by CNL Strategic Capital Management, LLC and Levine Leichtman Strategic Capital, LLC (LLSC). For additional information, please visit cnlstrategiccapital.com. About CNL Financial Group CNL Financial Group (CNL) is a private investment management firm providing real estate and alternative investments. Since inception in 1973, CNL and/or its affiliates have formed or acquired companies with more than $36 billion in assets. CNL is headquartered in Orlando, Florida. For more information, visit cnl.com. About Levine Leichtman Strategic Capital LLSC is an affiliate of Levine Leichtman Capital Partners, LLC (LLCP), a middle-market private equity firm with a 39-year track record of investing across various targeted sectors, including Franchising & Multi-unit, Business Services, Education & Training and Engineered Products & Manufacturing. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity. LLCP’s global team of dedicated investment professionals is led by nine partners who have worked at LLCP for an average of 19 years. Since inception, LLCP has managed approximately… Continue reading CNL Strategic Capital Announces Operating Results for Third Quarter 2023

(Orlando, Fla.) Oct. 24, 2023 — CNL Strategic Capital, LLC acquired a majority equity stake and made a concurrent debt investment in Sill Public Adjusters (Sill) in partnership with Sill’s management. This is the 13th company in CNL Strategic Capital’s portfolio. Founded in 1928 and headquartered in Cleveland, Ohio, Sill is among the leading specialty insurance consulting firms exclusively representing business and property owners in connection with their property insurance claims. The company focuses on providing expert claim preparation, management and resolution services across North America and the Caribbean. Through its wide range of services (including end-to-end property loss adjusting, forensic accounting, and business interruption analysis), the company seeks to deliver expert representation and support for claims stemming from fire, catastrophic, and other related events. In partnership with management, CNL Strategic Capital seeks to expand Sill’s geographic footprint, broaden its service offering to customers and pursue acquisition opportunities in a fragmented industry. About CNL Strategic Capital CNL Strategic Capital is a publicly registered, non-traded limited liability company that seeks to provide current income and long-term appreciation to individuals by acquiring controlling equity stakes in combination with loan positions in durable and growing middle-market businesses. The company is externally managed by CNL Strategic Capital Management, LLC and Levine Leichtman Strategic Capital, LLC (LLSC). For additional information, please visit cnlstrategiccapital.com. About CNL Financial Group CNL Financial Group (CNL) is a private investment management firm providing real estate and alternative investments. Since inception in 1973, CNL and/or its affiliates have formed or acquired companies with more than $36 billion in assets. CNL is headquartered in Orlando, Florida. For additional information, please visit cnl.com. About Levine Leichtman Strategic Capital LLSC is an affiliate of Levine Leichtman Capital Partners, LLC (LLCP), a middle-market private equity firm with a 39-year track record of investing across various targeted sectors, including Franchising & Multi-unit, Business Services, Education & Training and Engineered Products & Manufacturing. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity. LLCP’s global team of dedicated investment professionals is led by nine partners who have worked at LLCP for an average of 19 years. Since inception, LLCP has managed approximately $14.1 billion of institutional capital across 15 investment funds and has invested in over 100 portfolio companies. LLCP currently manages $9.3 billion of assets and has offices in Los Angeles, New York, Chicago, Miami, London, Stockholm, The Hague and Frankfurt. For additional information, please visit llcp.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities. The information in this press release may include “forward-looking statements.” These statements are based on the beliefs and assumptions of CNL Strategic Capital’s management and on the information currently available to management at the time of such statements. Forward-looking statements generally can be identified by the words “believes,” “expects,” “intends,” “plans,” “estimates” or similar expressions that indicate future events. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond CNL Strategic Capital’s control. Important risks, uncertainties and factors that could cause actual results to differ materially from those in the forward-looking statements include the risks associated with the Company’s ability to pay distributions and the sources of such distribution payments, the Company’s ability to locate and make suitable investments and other risks  described in the “Risk Factors” section of the Company’s Annual Report on Form 10-K and the other documents filed by the Company with the Securities and Exchange Commission. ### Download

(Orlando, Fla.) Aug. 11, 2023 — CNL Strategic Capital, LLC (“CNL Strategic Capital,” the “Company” or “we”) 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, 2023. Highlights As of June 30, 2023, CNL Strategic Capital’s portfolio consisted of equity and debt investments in 12 portfolio companies and had approximately $865.4 million in total assets, compared with approximately $732.5 million as of Dec. 31, 2022. For the six months ended June 30, 2023, the Company recognized a net change in unrealized appreciation on investments of approximately $12.6 million and had total investment income of approximately $27.8 million. That compares with a net change in unrealized appreciation on investments of $16.7 million and total investment income of approximately $21.9 million during the first six months of 2022. The cumulative total investment return based on net asset value (NAV) since inception and through June 30, 2023, was approximately 76.2% for Class FA shares, 64.9% for Class A shares, 55.9% for Class T shares, 57.0% for Class D shares, 66.7% for Class I shares and 48.7% 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, 2023, CNL Strategic Capital received approximately $134.0 million in net offering proceeds, including approximately $5.6 million received through the distribution reinvestment plan. Since beginning operations in February 2018 until June 30, 2023, CNL Strategic Capital has raised approximately $783.5 million, including $21.0 million received through the distribution reinvestment plan. Cash distributions declared net of distributions reinvested during the periods presented were funded from the following sources (in thousands): Six Months Ended June 30, 2023 2022 Amount % of Cash Distributions Net of Distributions Reinvested Amount % of Cash Distributions Net of Distributions Reinvested Net investment income before Expense Support (reimbursement) $12,156 147.7 % $9,783 145.2 % Expense Support (reimbursement) $(644) (7.8) % $(2,352) (34.9) % Net investment income $11,512 139.9 % $7,431 110.3 % Cash distributions declared, net of distributions reinvested3 $8,230 100.0 % $6,738 100.0 % Sources of declared distributions on a GAAP basis (in thousands): Six Months Ended June 30, 2023 2022 Amount % of Distributions Declared Amount % of Distributions Declared Net investment income4 $11,512 83.4 % $7,431 72.9 % Distributions in excess of net investment income2 $2,284 16.6 % $2,756 27.1 % Total distributions declared $13,796 100.0 % $10,187 100.0 % Total investment return based on net asset value (NAV) after incentive fees per share for the six months ended June 30, 2023:1 Class FA Class A Class T Class D Class I Class S 3.5% 3.1% 2.8% 3.1% 3.1% 3.8% (These returns are prior to any applicable sales load and assume shareholders reinvested their distributions. These are not actual shareholder returns. Actual returns may vary materially.)   Cumulative total investment return based on NAV after sales fees since inception and through the six months ended June 30, 2023:1 Class FA Class A Class T Class D Class I Class S 76.2% 64.9% 55.9% 57.0% 66.7% 48.7% (These returns are prior to any applicable sales load and assume shareholders reinvested their distributions. These are not actual shareholder returns. Actual returns may vary materially.) 1 This is not shareholder returns. Total investment return is calculated for each share class as the change in the net asset value for such share class during the period and assuming all distributions are reinvested. Amounts are not annualized and are not representative of total return as calculated for purposes of the total return incentive fee. Since there is no public market for the Company’s shares, terminal market value per share is assumed to be equal to net asset value per share on the last day of the period presented. The Company’s performance changes over time and currently may be different than that shown above. Past performance is no guarantee of future results. Investment performance is presented without regard to sales load that may be incurred by shareholders in the purchase of the Company’s shares. 2Consists of offering proceeds for the six months ended June 30, 2023. 3Excludes $5,566 and $3,449 of distributions reinvested pursuant to our distribution reinvestment plan during the six months ended June 30, 2023 and 2022, respectively. 4Net investment income includes Expense Support reimbursement, net of $644 and $2,352 for the six months ended June 30, 2023, and 2022, respectively. About CNL Strategic Capital CNL Strategic Capital is a publicly registered, non-traded limited liability Company that seeks to provide current income and long-term appreciation to individuals by acquiring controlling equity stakes in combination with loan positions in durable and growing middle-market businesses. The Company is externally managed by CNL Strategic Capital Management, LLC and Levine Leichtman Strategic Capital, LLC (LLSC). For additional information, please visit cnlstrategiccapital.com. About CNL Financial Group CNL Financial Group (CNL) is a private investment management firm providing real estate and alternative investments. Since inception in 1973, CNL and/or its affiliates have formed or acquired companies with more than $34 billion in assets. CNL is headquartered in Orlando, Florida. For more information, visit cnl.com. About Levine Leichtman Strategic Capital LLSC is an affiliate of Levine Leichtman Capital Partners, LLC (LLCP), a middle-market private equity firm with a 39-year track record of investing across various targeted sectors, including Franchising & Multi-unit, Business Services, Education & Training and Engineered Products & Manufacturing. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity. LLCP’s global team of dedicated investment professionals is led by nine partners who have worked at LLCP for an average of 19 years. Since inception, LLCP has managed approximately $13.3 billion of institutional capital across 15 investment funds… Continue reading CNL Strategic Capital Announces Operating Results for Second Quarter 2023

(Orlando, Fla.) May 15, 2023 — CNL Strategic Capital, LLC (“CNL Strategic Capital,” the “Company” or “we”) 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 three months ended March 31, 2023. Highlights As of March 31, 2023, CNL Strategic Capital’s portfolio consisted of equity and debt investments in 12 portfolio companies and had approximately $794.9 million in total assets, compared with approximately $732.5 million as of Dec. 31, 2022. For the three months ended March 31, 2023, the Company recognized a net change in unrealized appreciation on investments of approximately $13.1 million and had total investment income of approximately $13.3 million. That compares with a net change in unrealized appreciation on investments of $11.1 million and total investment income of approximately $11.7 million during the first three months of 2022. The cumulative total investment return based on net asset value (NAV) since inception and through March 31, 2023, was approximately 74.6% for Class FA shares, 63.8% for Class A shares, 55.0% for Class T shares, 55.9% for Class D shares, 65.5% for Class I shares and 47.1% for Class S shares.1 These returns are prior to any applicable sales load and assume shareholders reinvested their distributions. For the three months ended March 31, 2023, CNL Strategic Capital received approximately $62 million in net offering proceeds, including approximately $2.6 million received through the distribution reinvestment plan. Since beginning operations in February 2018 until March 31, 2023, CNL Strategic Capital has raised approximately $711.5 million, including $18.1 million received through the distribution reinvestment plan. Cash distributions net of distributions reinvested during the periods presented were funded from the following sources (in thousands): Three Months Ended March 31, 2023 2022 Amount % of Cash Distributions Net of Distributions Reinvested Amount % of Cash Distributions Net of Distributions Reinvested Net investment income before expense support (reimbursement) $4,798 119.6 % $5,676 172.1 % Expense support (reimbursement) 113 2.8 % (1,630) (49.4) % Net investment income 4,911 122.4 % 4,046 122.7 % Cash distributions net of distributions reinvested in excess of net investment income2 – – % – – % Cash distributions net of distributions reinvested3 $4,011 100.0 % $3,298 100.0 % Sources of declared distributions on a GAAP basis (in thousands): Three Months Ended March 31, 2023 2022 Amount % Distributions Declared Amount % Distributions Declared Net investment income4 $4,911 74.4 % $4,046 82.1 % Distributions in excess of net investment income2 1,690 25.6 % 882 17.9 % Total distributions declared $6,601 100.0 % $4,928 100.0 % Total investment return based on net asset value (NAV) after incentive fees per share for the three months ended March 31, 2023:1 Class FA Class A Class T Class D Class I Class S 2.6% 2.4% 2.2% 2.3% 2.4% 2.7% (These returns are prior to any applicable sales load and assume shareholders reinvested their distributions. These are not actual shareholder returns. Actual returns may vary materially.) Cumulative total investment return based on NAV after sales fees since inception and through the three months ended March 31, 2022:1 Class FA Class A Class T Class D Class I Class S 74.6% 63.8% 55.0% 55.9% 65.5% 47.1% (These returns are prior to any applicable sales load and assume shareholders reinvested their distributions. These are not actual shareholder returns. Actual returns may vary materially.) 1This is not shareholder returns. Total investment return is calculated for each share class as the change in the net asset value for such share class during the period and assuming all distributions are reinvested. Amounts are not annualized and are not representative of total return as calculated for purposes of the total return incentive fee. Since there is no public market for the Company’s shares, terminal market value per share is assumed to be equal to net asset value per share on the last day of the period presented. The Company’s performance changes over time and currently may be different than that shown above. Past performance is no guarantee of future results. Investment performance is presented without regard to sales load that may be incurred by shareholders in the purchase of the Company’s shares. 2Consists of offering proceeds for the three months ended March 31, 2023. 3Excludes $2,590 and $1,630 of distributions reinvested pursuant to our distribution reinvestment plan during the three months ended March 31, 2023 and 2022, respectively. 4Net investment income includes Expense Support (reimbursement), net of $113 and $(1,630) for the three months ended March 31, 2023 and 2022, respectively. About CNL Strategic Capital CNL Strategic Capital is a publicly registered, non-traded limited liability Company that seeks to provide current income and long-term appreciation to individuals by acquiring controlling equity stakes in combination with loan positions in durable and growing middle-market businesses. The Company is externally managed by CNL Strategic Capital Management, LLC and Levine Leichtman Strategic Capital, LLC (LLSC). For additional information, please visit cnlstrategiccapital.com. About CNL Financial Group CNL Financial Group (CNL) is a private investment management firm providing real estate and alternative investments. Since inception in 1973, CNL and/or its affiliates have formed or acquired companies with more than $34 billion in assets. CNL is headquartered in Orlando, Florida. For more information, visit cnl.com. About Levine Leichtman Strategic Capital LLSC is an affiliate of Levine Leichtman Capital Partners, LLC (LLCP), a middle-market private equity firm with a 39-year track record of investing across various targeted sectors, including Franchising & Multi-unit, Business Services, Education & Training and Engineered Products & Manufacturing. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity. LLCP’s global team of dedicated investment professionals is led by nine partners who have worked at LLCP for an average of 19 years. Since inception,… Continue reading CNL Strategic Capital Announces Operating Results for First Quarter 2023

(Orlando, Fla.) March 30, 2023 — CNL Strategic Capital, LLC (“CNL Strategic Capital,” the “Company” or “we”) 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 year ended Dec. 31, 2022. Highlights: As of Dec. 31, 2022, CNL Strategic Capital’s portfolio consisted of equity and debt investments in 11 portfolio companies and had approximately $732.5 million in total assets, compared with approximately $514.8 million as of Dec. 31, 2021. For the year ended Dec. 31, 2022, the Company recognized a net change in unrealized appreciation on investments of approximately $41.3 million and had total investment income of approximately $47 million. That compares with a net change in unrealized appreciation on investments of $32.9 million and total investment income of approximately $31.5 million in 2021. The cumulative total investment return based on net asset value (NAV) since inception and through Dec. 31, 2022, was approximately 70.3% for Class FA shares, 60.0% for Class A shares, 51.7% for Class T shares, 52.3% for Class D shares, 61.6% for Class I shares and 43.2% for Class S shares.1 These returns are prior to any applicable sales load and assume shareholders reinvested their distributions. For the year ended Dec. 31, 2022, CNL Strategic Capital received approximately $193.2 million in net offering proceeds, including approximately $8.3 million received through the distribution reinvestment plan. Since beginning operations in February 2018 until March 24, 2023, CNL Strategic Capital has raised approximately $685.9 million, including $17.2 million received through the distribution reinvestment plan. Cash distributions net of distributions reinvested during the periods presented were funded from the following sources (in thousands): Sources of declared distributions on a GAAP basis (in thousands): Year Ended Dec. 31, 2022 2021 Amount % of Cash Distributions Declared Amount % of Cash Distributions Declared Net investment income4 $16,716 76.3 % $10,09 65.2 % Distributions in excess of net investment income2 5,195 23.7 % 5,396 34.8 % Total distributions declared $21,911 100.0 % $15,489 100.0 % Total investment return based on net asset value (NAV) after incentive fees per share for the year ended Dec. 31, 2022:1 Class FA Class A Class T Class D Class I Class S 10.8% 9.7% 9.3% 9.7% 9.7% 11.8% (These returns are prior to any applicable sales load and assume shareholders reinvested their distributions. These are not actual shareholder returns. Actual returns may vary materially.) Cumulative total investment return based on NAV after sales fees since inception and through the year ended Dec. 31, 2022:1 Class FA Class A Class T Class D Class I Class S 70.3% 60.0% 51.7% 52.3% 61.6% 43.2% (These returns are prior to any applicable sales load and assume shareholders reinvested their distributions. These are not actual shareholder returns. Actual returns may vary materially.) 1 This is not shareholder returns. Total investment return is calculated for each share class as the change in the net asset value for such share class during the period and assuming all distributions are reinvested. Amounts are not annualized and are not representative of total return as calculated for purposes of the total return incentive fee. Since there is no public market for the Company’s shares, terminal market value per share is assumed to be equal to net asset value per share on the last day of the period presented. The Company’s performance changes over time and currently may be different than that shown above. Past performance is no guarantee of future results. Investment performance is presented without regard to sales load that may be incurred by shareholders in the purchase of the Company’s shares. 2Consists of offering proceeds for the year ended Dec. 31, 2022. 3Excludes $7,794 and $4,429 of distributions reinvested pursuant to our distribution reinvestment plan during the years ended Dec. 31, 2022, and 2021, respectively. 4Net investment income includes reimbursement of expense support of $2,449 and $1,831 for the year ended Dec. 31, 2022, and 2021, respectively. About CNL Strategic Capital CNL Strategic Capital is a publicly registered, non-traded limited liability Company that seeks to provide current income and long-term appreciation to individuals by acquiring controlling equity stakes in combination with loan positions in durable and growing middle-market businesses. The Company is externally managed by CNL Strategic Capital Management, LLC and Levine Leichtman Strategic Capital, LLC (LLSC). For additional information, please visit cnlstrategiccapital.com. About CNL Financial Group CNL Financial Group (CNL) is a private investment management firm providing real estate and alternative investments. Since inception in 1973, CNL and/or its affiliates have formed or acquired companies with more than $34 billion in assets. CNL is headquartered in Orlando, Florida. For more information, visit cnl.com. About Levine Leichtman Strategic Capital LLSC is an affiliate of Levine Leichtman Capital Partners, LLC (LLCP), a middle-market private equity firm with a 39-year track record of investing across various targeted sectors, including Franchising & Multi-unit, Business Services, Education & Training and Engineered Products & Manufacturing. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity. LLCP’s global team of dedicated investment professionals is led by nine partners who have worked at LLCP for an average of 19 years. Since inception, LLCP has managed approximately $13.3 billion of institutional capital across 15 investment funds and has invested in over 100 portfolio companies. LLCP currently manages $8.9 billion of assets and has offices in Los Angeles, New York, Chicago, Charlotte, Miami, London, Stockholm, The Hague and Frankfurt. For additional information, please visit llcp.com. The information in this press release may include “forward-looking statements.” These statements are based on the beliefs and assumptions of CNL Strategic Capital’s management and on the information currently available to management at the time of such statements. Forward-looking statements generally can be identified by the… Continue reading CNL Strategic Capital Announces Year-end Operating Results for 2022

Orlando, Fla.) March 27, 2023 — CNL Strategic Capital, LLC acquired a majority equity stake and made a concurrent debt investment in TacMed Solutions (TacMed). At the closing of the transaction, all of the remaining TacMed equity is owned by members of TacMed’s executive team and its founder. This is the 12th company in CNL Strategic Capital’s portfolio. Founded in 2003 and headquartered in Anderson, South Carolina, TacMed designs, develops and manufactures medical products that equip, train and protect professionals in pre-hospital, emergency trauma situations. TacMed’s suite of traumatic injury products, hemorrhage control tourniquets, immobilization tools and critical care kits serve first responders, military, law enforcement and civilian public safety operations. TacMed’s medical simulation training solutions combine advanced technology and durable materials to offer customers the highest fidelity training simulators and provide realistic replicas for emergency medical personnel training exercises. About CNL Strategic Capital  CNL Strategic Capital is a publicly registered, non-traded limited liability company that seeks to provide current income and long-term appreciation to individuals by acquiring controlling equity stakes in combination with loan positions in durable and growing middle-market businesses. The company is externally managed by CNL Strategic Capital Management, LLC and Levine Leichtman Strategic Capital, LLC (LLSC). For additional information, please visit cnlstrategiccapital.com. About CNL Financial Group CNL Financial Group (CNL) is a private investment management firm providing real estate and alternative investments. Since inception in 1973, CNL and/or its affiliates have formed or acquired companies with more than $34 billion in assets. CNL is headquartered in Orlando, Florida. For additional information, please visit cnl.com. About Levine Leichtman Strategic Capital LLSC is an affiliate of Levine Leichtman Capital Partners, LLC (LLCP), a middle-market private equity firm with a 39-year track record of investing across various targeted sectors, including Franchising & Multi-unit, Business Services, Education & Training and Engineered Products & Manufacturing. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity. LLCP’s global team of dedicated investment professionals is led by nine partners who have worked at LLCP for an average of 19 years. Since inception, LLCP has managed approximately $13.3 billion of institutional capital across 15 investment funds and has invested in over 100 portfolio companies. LLCP currently manages $8.9 billion of assets and has offices in Los Angeles, New York, Chicago, Charlotte, Miami, London, Stockholm, The Hague and Frankfurt. For additional information, please visit llcp.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities. The information in this press release may include “forward-looking statements.” These statements are based on the beliefs and assumptions of CNL Strategic Capital’s management and on the information currently available to management at the time of such statements. Forward-looking statements generally can be identified by the words “believes,” “expects,” “intends,” “plans,” “estimates” or similar expressions that indicate future events. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond CNL Strategic Capital’s control. Important risks, uncertainties and factors that could cause actual results to differ materially from those in the forward-looking statements include the risks associated with the Company’s ability to pay distributions and the sources of such distribution payments, the Company’s ability to locate and make suitable investments and other risks  described in the “Risk Factors” section of the Company’s Annual Report on Form 10-K and the other documents filed by the Company with the Securities and Exchange Commission.  ###   Download

(Orlando, Fla.) Jan. 6, 2023 — CNL Strategic Capital, LLC (“CNL Strategic Capital,” the “Company” or “we”) 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 nine months ended Sept. 30, 2022. Highlights As of Sept. 30, 2022, CNL Strategic Capital’s portfolio consisted of equity and debt investments in 11 portfolio companies and had approximately $661.3 million in total assets, compared with approximately $514.8 million as of Dec. 31, 2021. For the nine months ended Sept. 30, 2022, the Company recognized a net change in unrealized appreciation on investments of approximately $27.6 million and had total investment income of approximately $34.1 million. That compares with a net change in unrealized appreciation on investments of $30.3 million and total investment income of approximately $23.2 million for the first nine months of 2021. The cumulative total investment return based on net asset value (NAV) since inception and through Sept. 30, 2022, was approximately 65.2% for Class FA shares, 55.8% for Class A shares, 48.1% for Class T shares, 48.5% for Class D shares, 57.5% for Class I shares and 39.0% for Class S shares.1 These returns are prior to any applicable sales load and assume shareholders reinvested their distributions.1 These returns are prior to any applicable sales load and assume shareholders reinvested their distributions. For the first nine months of 2022, CNL Strategic Capital received approximately $136.7 million in net offering proceeds, including approximately $5.3 million received through the distribution reinvestment plan. Since beginning operations in February 2018 until Sept. 30, 2022, CNL Strategic Capital has raised approximately $593.1 million, including $12.5 million received through the distribution reinvestment plan. Cash distributions net of distributions reinvested during the periods presented were funded from the following sources (in thousands): Nine Months Ended Sept. 30, 2022 2021 Amount % of Cash Distributions Net of Distributions Reinvested Amount % of Cash Distributions Net of Distributions Reinvested Net investment income before expense support (reimbursement) $14,575 141.1 % $7,999 100.5 % Expense support (reimbursement) (2,535) (24.5) % 1,055 (13.3) % Net investment income 12,040 116.6 % 6,944 87.2 % Cash distributions net of distributions reinvested in excess of net investment income2 – – % 1,016 12.8 % Cash distributions net of distributions reinvested3 $10,329 100.0 % $7,960 100.0 % Sources of declared distributions on a GAAP basis (in thousands): Nine Months Ended Sept. 30, 2022 2021 Amount % of Cash Distributions Declared Amount % of Cash Distributions Declared Net investment income4 $12,040 76.1 % $6,944 63.4 % Distributions in excess of net investment income2 3,774 23.9 % 4,001 36.6 % Total distributions declared $15,814 100.0 % $10,945 100.0 % Total investment return based on net asset value (NAV) after incentive fees per share for the nine months ended Sept. 30, 2022:1 Class FA Class A Class T Class D Class I Class S 7.5% 6.8% 6.7% 7.0% 6.9% 8.5% (These returns are prior to any applicable sales load and assume shareholders reinvested their distributions. These are not actual shareholder returns. Actual returns may vary materially.) Cumulative total investment return based on NAV after sales fees since inception and through the nine months ended Sept. 30, 2022:1 Class FA Class A Class T Class D Class I Class S 65.2% 55.8% 48.1% 48.5% 57.5% 39.0% (These returns are prior to any applicable sales load and assume shareholders reinvested their distributions. These are not actual shareholder returns. Actual returns may vary materially.) 1 This is not shareholder returns. Total investment return is calculated for each share class as the change in the net asset value for such share class during the period and assuming all distributions are reinvested. Amounts are not annualized and are not representative of total return as calculated for purposes of the total return incentive fee. Since there is no public market for the Company’s shares, terminal market value per share is assumed to be equal to net asset value per share on the last day of the period presented. The Company’s performance changes over time and currently may be different than that shown above. Past performance is no guarantee of future results. Investment performance is presented without regard to sales load that may be incurred by shareholders in the purchase of the Company’s shares. 2 Consists of distributions made from offering proceeds for the period presented. 3 Excludes $5,485 and $2,985 of distributions reinvested pursuant to our distribution reinvestment plan during the nine months ended Sept. 30, 2022, and 2021, respectively. 4 Net investment income includes reimbursement of expense support of $2,535 and $1,055 for the nine months ended Sept. 30, 2022, and 2021, respectively. About CNL Strategic Capital CNL Strategic Capital is a publicly registered, non-traded limited liability company that seeks to provide current income and long-term appreciation to individuals by acquiring controlling equity stakes in combination with loan positions in durable and growing middle-market businesses. The company is externally managed by CNL Strategic Capital Management, LLC and Levine Leichtman Strategic Capital, LLC (LLSC). For additional information, please visit cnlstrategiccapital.com. About CNL Financial Group CNL Financial Group (CNL) is a private investment management firm providing real estate and alternative investments. Since inception in 1973, CNL and/or its affiliates have formed or acquired companies with more than $34 billion in assets. CNL is headquartered in Orlando, Florida. For additional information, please visit cnl.com. About Levine Leichtman Strategic Capital LLSC is an affiliate of Levine Leichtman Capital Partners, LLC (LLCP), a middle-market private equity firm with a 38-year track record of investing across various targeted sectors, including franchising, business services, education and engineered products. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. This unique structure provides a less dilutive solution for management teams and entrepreneurs, while delivering growth and income with a significantly lower risk profile. LLCP’s global team of dedicated investment professionals is led by nine partners who have worked together for an average of 19 years. Since inception, LLCP has managed… Continue reading CNL Strategic Capital Announces Operating Results for Third Quarter 2022