Orlando, Fla., March 27, 2026 (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 year ended Dec. 31, 2025.

Highlights:

As of Dec. 31, 2025, CNL Strategic Capital's portfolio consisted of equity and debt investments in 18 portfolio companies and had approximately $1.5 billion in total assets, compared with approximately $1.3 billion as of Dec. 31, 2024.

For the year ended Dec. 31, 2025, the Company recognized a net change in unrealized appreciation on investments of approximately $113.6 million, including unrealized foreign currency gain and had total investment income of approximately $85.3 million. That compares with a net change in unrealized appreciation on investments of $88.7 million, including unrealized foreign currency gain, and total investment income of approximately $71.7 million in 2024.

The annualized return since inception based on net asset value (NAV) and through Dec. 31, 2025, was approximately 11.1% for Class FA shares, 10.1% for Class A shares, 9.1% for Class T shares, 9.6% for Class D shares, 10.2% for Class I shares and 12.2% 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, 2025, CNL Strategic Capital received approximately $167.4 million in net offering proceeds, including approximately $21.7 million received through the distribution reinvestment plan. Since beginning operations in February 2018 until March 18, 2026, CNL Strategic Capital raised approximately $1.3 billion, including $72.0 million received through the distribution reinvestment plan. 

Cash distributions declared net of distributions reinvested were funded from the following sources (in thousands):

 

 

 

Year Ended Dec. 31,   

 

 

 

 

 

 

2025

 

2024

 

 

 

Amount

 

Percentage2

 

Amount

 

Percentage2

 

 

Net investment income before reimbursement Expense Support (reimbursement)

$   20,294

 

96.2 %

 

$   21,065

 

           106.6 %

 

 

Expense Support (reimbursement)

950

 

4.5    

 

 20

 

  0.1   

 

 

Net investment income

$   21,244

 

100.7 %

 

$   21,085

 

106.7 %

 

 

Net realized gains

1,928

 

              9.1 

 

--

 

          --

 

 

Cash distributions declared, net of distributions reinvested3

$ 21,087

 

100.0 %

 

$   19,754

 

  100.0 %

 

 

Additionally, the Company accrued expense support due from the Manager and Sub-Manager of ...