Orlando, Fla., May 08, 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 three months ended March 31, 2026.

Highlights:

As of March 31, 2026, 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 $1.5 billion as of Dec. 31, 2025.

For the three months ended March 31, 2026, the Company recognized a net change in unrealized appreciation on investments of approximately $19.2 million, including unrealized foreign currency gain and had total investment income of approximately $22.3 million. That compares with a net change in unrealized appreciation on investments of $9.9 million, including unrealized foreign currency gain, and total investment income of approximately $16.9 million in the first three months of 2025.

The annualized return since inception based on net asset value (NAV) and through March 31, 2026, was approximately 11.0% for Class FA shares, 10.0% for Class A shares, 9.1 % for Class T shares, 9.5% for Class D shares, 10.1% for Class I shares and 12.0% for Class S shares.1 These returns are prior to any applicable sales load and assume shareholders reinvested their distributions. 

For the three months ended year ended March 31, 2026, CNL Strategic Capital received approximately $44.4 million in net offering proceeds, including approximately $5.9 million received through the distribution reinvestment plan. Since beginning operations in February 2018 through March 31, 2026, CNL Strategic Capital raised approximately $1.4 billion, including $73.9 million received through the distribution reinvestment plan. 

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

 

 

 

Three Months Ended March 31,   

 

 

 

 

 

 

2026

 

2025

 

 

 

Amount

 

Percentage2

 

Amount

 

Percentage2

 

 

Net investment income before Expense Support (reimbursement)

$   7,447

 

139.3 %

 

$   8,692

 

           167.3 %

 

 

Expense Support (reimbursement)

--

 

    -- 

 

 9

 

               0.2   

 

 

Net investment income

$   7,447

 

139.3 %

 

$   8,701

 

167.5 %

 

 

Cash distributions declared, net of distributions reinvested3

$   5,347

 

100.0 %

 

$   5,197

 

  100.0 %

 

 

Sources of declared distributions on a GAAP basis (in thousands):