CNL Strategic Capital Launches Second Follow-On Offering of $1.1 Billion

Orlando, Fla., Nov. 01, 2024 (GLOBE NEWSWIRE) -- CNL Strategic Capital, a public, non-traded company that seeks to provide current income and long-term appreciation to its investors, has launched its second follow-on offering for up to $1.1 billion of shares.

CNL Strategic Capital's second follow-on offering will maintain its investment strategy that seeks to acquire and grow durable, middle-market businesses for its portfolio. The second follow-on offering was declared effective by the U.S. Securities and Exchange Commission on Nov. 1, 2024, and includes up to $100 million in shares to be issued pursuant to the company's distribution reinvestment plan.

The initial public offering closed to investors on Nov. 1, 2021, after raising aggregate gross offering proceeds of approximately $264.7 million from the sale of common shares. The follow-on public offering that ran from Nov. 1, 2021, through Nov. 1, 2024, raised aggregate gross offering proceeds of approximately $704.8 million from the sale of common shares. A combined total of $969.5 million was raised through the initial and follow-on public offerings.

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 ...