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CNL Strategic Capital Announces Monthly NAV, Returns, Distribution Values

CNL Strategic Capital LLC, a publicly registered non-traded limited liability company, had total assets of approximately $1.03 billion at the close of February. It announced its net asset value per share for each share class for the month ended Feb. 29, 2024, as such:

Class FA shares had a NAV per share of $36.82, compared to $36.67 per share the previous month, a 0.41% increase.

Class A shares had a NAV per share of $33.65, compared to $33.54 per share the previous month, a 0.33% increase.

Class T shares had a NAV per share of $33.70, compared to $33.60 per share the previous month, a 0.3% increase.

Class D shares had a NAV per share of $33.38, compared to $33.28 per share the previous month, a 0.3% increase.

Class I shares had a NAV per share of $34.13, compared to $34.02 per share the previous month, a 0.32% increase.

Class S shares had a NAV per share of $37.41, compared to $37.26 per share the previous month, a 0.4% increase.

The change in the company’s NAV per share for each applicable share class was primarily driven by increases in the fair value of eight out of 14 of the company’s portfolio company investments. The fair value of four of CNL’s portfolio company investments decreased during the same period, and two of its portfolio company investments did not change.

The one-year, five-year, and average annual returns since inception for each share class with upfront sales load, as applicable, through Feb. 29, was:

  • Class FA: 0.8% one-year, 57.2% five-year, and 12.3% AAR since inception;
  • Class A: -2.3%, 43.7%, and 9.9%;
  • Class T: 1.2%, 43.1%, and 9.6%;
  • Class D: 6.7%, 54.6%, and 11.4%;
  • Class I: 6.8%, 58.1%, and 12.8%; and
  • Class S: 4.4%, N/A, and 13.3%.

On March 21, 2024, CNL Strategic Capital declared cash distributions on the outstanding shares of all classes of its common shares based on a monthly record date (April 26) and distribution payment date (April 29). Distributions ranged from $0.08 to $0.10.

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