CNL Strategic Capital Reports 1.8% Increase on Total Monthly NAV
CNL Strategic Capital LLC – a publicly registered non-traded limited liability company externally managed by CNL Strategic Capital Management LLC and Levine Leichtman Strategic Capital LLC – declared a total net asset value of $1.16 billion, an approximate 1.84% increase from the previous month’s $1.14 billion.
Its declared monthly NAV per share as of Sept. 30, 2024, was as follows:
Class FA shares had a NAV per share of $38.41, compared to $37.93 per share the previous month, an approximate 1.27% increase.
Class A shares had a NAV per share of $34.78, compared to $34.40 per share the previous month, an approximate 1.11% increase.
Class T shares had a NAV per share of $34.83, compared to $34.44 per share the previous month, an approximate 1.13% increase.
Class D shares had a NAV per share of $34.53 compared to $34.14 per share the previous month, an approximate 1.14% increase.
Class I shares had a NAV per share of $35.26, compared to $34.90 per share the previous month, an approximate 1.03% increase.
Class S shares had a NAV per share of $38.96 compared to $38.53 per share the previous month, an approximate 1.12% increase.
According to the company, the increase in its net asset value per share for each applicable share class for the month ended Sept. 30 was primarily driven by the increases in the fair value of 11 out of 16 of the company’s portfolio investments. The fair value of four of the company’s portfolio company investments decreased during the same period.
The company’s outstanding shares were 32.66 million. It also declared November 2024 distributions of $0.104167 – identical to the prior month – and payable on Nov. 26.
In July 2024, CNL Strategic Capital closed on an approximately $29.5 million investment in its 16th portfolio company: Madison Retirement Holdings TopCo LLC, or MAP.
According to previous reporting by The DI Wire, MAP is a third-party administrator of retirement plans. Serving small and mid-sized businesses across all 50 states, MAP provides customers with plan design and implementation, plan administration, compliance, fiduciary services and customized support to approximately 3,700 plans and 200,000 participants. Established in 1993, MAP has over 100 employees and is headquartered in Appleton, Wis.
CNL Strategic Capital 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.
Click here to visit The DI Wire directory page.
