CNL Strategic Capital LLC

03/21/2025 | Press release | Distributed by Public on 03/21/2025 14:02

Material Event (Form 8-K)

Item 8.01 Other Events.

Determination of Net Asset Value for Outstanding Shares for the month ended February 28, 2025

On March 20, 2025, 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. Additionally, pursuant to our share repurchase program, we conduct quarterly share repurchases to allow our shareholders to sell all or a portion of their shares back to us at a price equal to the net asset value per share as of the last date of the month immediately prior to the repurchase date. The repurchase date for our next quarterly repurchase will be March 31, 2025. 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 February 28, 2025 (in thousands, except per share data):

Month Ended

February 28, 2025

Class FA

Class A

Class T

Class D

Class I

Class S

Total

Net Asset Value $159,716 $297,940 $90,083 $110,177 $529,795 $69,024 $1,256,735
Number of Outstanding Shares 4,017 8,321 2,514 3,100 14,621 1,712 34,285
Net Asset Value, Per Share $39.76 $35.81 $35.83 $35.54 $36.23 $40.32
Net Asset Value, Per Share Prior Month $39.49 $35.58 $35.61 $35.32 $36.01 $40.03
Increase/Decrease in Net Asset Value, Per Share from Prior Month $0.27 $0.23 $0.22 $0.22 $0.22 $0.29

The increase in the Company's net asset value per share for each applicable share class for the month ended February 28, 2025 was primarily driven by the increases in the fair value of eleven out of sixteen of the Company's portfolio company investments. The fair value of five of the Company's portfolio company investments decreased during the same period. As of February 28, 2025, the Company had total assets of approximately $1.27 billion.

Public Offering Price Adjustment

On March 20, 2025, 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 March 27, 2025 and will be used for the Company's next monthly closing for subscriptions on March 31, 2025. 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 February 28, 2025. 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 $39.14 $37.62 $35.54 $36.23
Selling Commissions, Per Share $2.35 $1.13
Dealer Manager Fees, Per Share $0.98 $0.66

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.