CNL Strategic Capital LLC
10/26/2026 | Press release | Distributed by Public on 10/26/2026 12:40
Material Event (Form 8-K)
Item 8.01 Other Events.
Determination of Net Asset Value for Outstanding Shares for the month ended September 30, 2026
On October 23, 2026, the board of directors (the "Board") determined CNL Strategic Capital, LLC's (the "Company") net asset value per share for each share class in a manner consistent with the Company's valuation policy, as described under "Determination of Net Asset Value" in the Company's Prospectus. This table provides the Company's aggregate net asset value and net asset value per share for its Class FA, Class A, Class T, Class D, Class I, and Class S shares as of September 30, 2026 (in thousands, except per share data):
|
Month Ended September 30, 2026 |
Class FA | Class A | Class T | Class D | Class I | Class S | Total | |||||||
| Net Asset Value | $162,337 | $373,612 | $69,847 | $114,172 | $734,691 | $75,633 | $1,530,292 | |||||||
| Number of Outstanding Shares | 3,563 | 9,321 | 1,746 | 2,868 | 18,155 | 1,644 | 37,297 | |||||||
| Net Asset Value, Per Share | $45.57 | $40.08 | $40.00 | $39.81 | $40.47 | $46.02 | ||||||||
| Net Asset Value, Per Share Prior Month | $44.96 | $39.63 | $39.51 | $39.32 | $40.08 | $45.43 | ||||||||
| Increase/Decrease in Net Asset Value, Per Share from Prior Month | $0.61 | $0.45 | $0.49 | $0.49 | $0.39 | $0.59 |
The change in the Company's net asset value per share for each applicable share class for the month ended September 30, 2026 was primarily driven by the increases in the fair value of ten out of eighteen of the Company's portfolio company investments. The fair value of four of the Company's portfolio company investments decreased during the same period. The fair value of four of the Company's portfolio company investments did not change. As of September 30, 2026, the Company had total assets of approximately $1.61 billion.
Public Offering Price Adjustment
On October 23, 2026, the Board approved the new per share public offering price for each share class in the Company's offering. The new public offering prices will be effective as of October 30, 2026 and will be used for the Company's next monthly closing for subscriptions on October 30, 2026. The purchase price for Class A, Class T, Class D, and Class I shares purchased under our distribution reinvestment plan will be equal to the net asset value per share for each share class as of September 30, 2026. The following table provides the new public offering prices and applicable upfront selling commissions and dealer manager fees for each share class available in this offering:
| Class A | Class T | Class D | Class I | |||||
| Public Offering Price, Per Share | $43.80 | $41.99 | $39.81 | $40.47 | ||||
| Selling Commissions, Per Share | $2.63 | $1.26 | ||||||
| Dealer Manager Fees, Per Share | $1.09 | $0.73 |
We have also posted this information on our website at www.cnlstrategiccapital.com. A subscriber may also obtain this information by calling us by telephone at (866) 650-0650.
Declaration of Distributions
On October 23, 2026, the Board declared cash distributions on the outstanding shares of all classes of our common shares based on a monthly record date, as set forth below:
|
Distribution Record Date |
Distribution Payment Date |
Declared Distribution Per Share for Each Share Class | ||||||||||||
| Class FA | Class A | Class T | Class D | Class I | Class S | |||||||||
| November 24, 2026 | November 25, 2026 | $0.104167 | $0.104167 | $0.083333 | $0.093750 | $0.104167 | $0.104167 | |||||||
Return Information
The following table illustrates year-to-date ("YTD"), trailing 12 months ("1-Year Return"), 3-Year Return, 5-Year Return, Annualized Return Since Inception, and cumulative total returns through September 30, 2026 ("Cumulative Total Return"), with and without upfront sales load, as applicable:
| YTD Return(1) |
1-Year Return(2) |
3-Year Return(3) |
5-Year Return(4) |
Annualized Return Since Inception(5) | Cumulative Total Return(5) | Cumulative Return Period | |
| Class FA (no sales load) | 8.1% | 11.2% | 37.8% | 65.2% | 11.1% | 148.2% | February 7, 2018 - September 30, 2026 |
| Class FA (with sales load) | 1.1% | 4.0% | 28.8% | 54.4% | 10.2% | 132.0% | February 7, 2018 - September 30, 2026 |
| Class A (no sales load) | 7.5% | 10.4% | 34.2% | 56.2% | 10.1% | 125.6% | April 10, 2018 - September 30, 2026 |
| Class A (with sales load) | -1.7% | 1.0% | 22.8% | 42.9% | 8.9% | 106.4% | April 10, 2018 - September 30, 2026 |
| Class I | 7.3% | 10.1% | 33.5% | 55.4% | 10.1% | 126.8% | April 10, 2018 - September 30, 2026 |
| Class T (no sales load) | 6.9% | 9.6% | 31.0% | 51.0% | 9.2% | 107.9% | May 25, 2018 - September 30, 2026 |
| Class T (with sales load) | 1.8% | 4.4% | 24.8% | 43.9% | 8.5% | 98.0% | May 25, 2018 - September 30, 2026 |
| Class D | 7.3% | 10.1% | 33.1% | 55.2% | 9.6% | 113.0% | June 26, 2018 - September 30, 2026 |
| Class S (no sales load) | 8.1% | 11.3% | 37.8% | 66.3% | 12.1% | 109.6% | March 31, 2020 - September 30, 2026 |
| Class S (with sales load) | 4.3% | 7.4% | 33.0% | 60.4% | 11.4% | 102.3% | March 31, 2020 - September 30, 2026 |
| (1) | For the period from January 1, 2026 through September 30, 2026. |
| (2) | For the period from October 1, 2025 through September 30, 2026. |
| (3) | For the period from October 1, 2023 through September 30, 2026. |
| (4) | For the period from October 1, 2021 through September 30, 2026. |
| (5) | For the period from the date the first share was issued for each respective share class through September 30, 2026. The Annualized Return Since Inception captures the average annual performance over the return period. It is calculated as a geometric average, meaning it captures the effects of compounding over time. |
Total return is calculated for each share class as the change in the net asset value for such share class during the period and assuming all distributions are reinvested. The Company's performance changes over time and currently may be different than that shown above. Past performance is no guarantee of future results. For details regarding applicable sales load, please see the "Plan of Distribution" section in the Company's Prospectus. Class I and Class D shares have no upfront sales load.
For the nine months ended September 30, 2026, sources of declared distributions on a GAAP basis were as follows:
|
Nine Months Ended September 30, 2026 |
|||||
|
Amount (in 000s) |
% of Total Distributions Declared |
||||
| Net investment income1 | $ | 16,627 | 48.9 | % | |
| Net realized gains | - | - | % | ||
| Distributions in excess of net investment income and net realized gains2 | 17,398 | 51.1 | % | ||
| Total distributions declared | $ | 34,025 | 100.0 | % | |
CNL Strategic Capital LLC published this content on October 26, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 26, 2026 at 18:40 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]