CNL STRATEGIC CAPITAL ANNOUNCES OPERATING RESULTS FOR YEAR-END 2024
Orlando, Fla., April 01, 2025 (GLOBE NEWSWIRE) -- 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, 2024.
Highlights:
As of Dec. 31, 2024, CNL Strategic Capital's portfolio consisted of equity and debt investments in 16 portfolio companies and approximately $1.3 billion in total assets, compared with 13 portfolio companies and approximately $1.0 billion in total assets as of Dec. 31, 2023.
For the year ended Dec. 31, 2024, the Company recognized a net change in unrealized appreciation on investments, including unrealized foreign currency gain of approximately $88.7 million and had total investment income of approximately $71.7 million. That compares with a net change in unrealized appreciation on investments of $41.7 million and total investment income of approximately $59.5 million in 2023.
The cumulative total investment return based on net asset value (NAV) since inception and through Dec. 31, 2024, was approximately 105.5% for Class FA shares, 89.5% for Class A shares, 77.2% for Class T shares, 79.8% for Class D shares, 91.1% for Class I shares and 73.5% 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, 2024, CNL Strategic Capital received approximately $237.5 million in net offering proceeds, including approximately $18.1 million received through the distribution reinvestment plan. Since beginning operations in February 2018 through March 24, 2025, CNL Strategic Capital has raised approximately $1.2 billion, including $49.8 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):
Year Ended Dec. 31,
2024
2023
Amount
% of Cash Distributions Declared Net of Distributions Reinvested
Amount
% of Cash Distributions Declared Net of Distributions Reinvested
Net investment income before reimbursement of expense support (reimbursement)
$
21,065
106.6
%
$
23,110
133.5
%
Expense Support (reimbursement)
20
0.1
(644)
(3.7)
Net investment income
$
21,085
https://www.benzinga.com/pressreleases/25/04/g44596677/cnl-strategic-capital-announces-operating-results-for-year-end-2024
