CNL Strategic Capital Reports August NAV

The firm also updated its public offering prices and detailed long-term return metrics across share classes.

September 25, 2025

CNL Strategic Capital Posts Modest Net Asset Value Gains Amid Portfolio Revaluations

CNL Strategic Capital released its updated net asset values as of August 31, 2025, and every share class saw a modest increase. The update was approved by the board on September 23, following the company’s standard valuation process. These NAVs reflect movements across the portfolio: ten of the company’s sixteen investments gained value, five declined, and one remained unchanged. In total, CNL reported $1.37 billion in net assets, with total assets coming in slightly higher at $1.4 billion.

These NAV adjustments feed directly into CNL’s quarterly share repurchase program and upcoming public offering. For investors purchasing shares at the next monthly close on September 30, prices will align with the August NAVs. Class A shares, for example, will be offered at $40.96 per share, which includes both selling commissions and dealer manager fees. Class I shares —offered without upfront sales charges—will be priced at $37.98.

Declared Distributions

Alongside pricing, the board also declared distributions across all share classes. These will be paid on October 28 to shareholders of record as of October 27. The per-share distributions vary by class, ranging from $0.083 to $0.104, with Class FA, A, I, and S all positioned at the high end of that range.

Performance Metrics Through August

CNL also shared updated return data through August. All share classes reported positive results across multiple time horizons— year-to-date, one-year, three-year, five-year, and since inception. The strongest cumulative return came from Class FA shares (no sales load), which reached 121.6% since 2018. Class S shares, launched in 2020, are also tracking ahead with a 75.3% cumulative return.

Distribution Funding Breakdown

The report broke out how distributions were funded, offering a clear view into the company's cash flows. Of the $28.1 million declared so far in 2025:

• 43.5% came from net investment income


• 56.5% came from offering proceeds

The company also pointed to expense support provided by its Manager and Sub-Manager, which made up a meaningful portion of investment income during the year.

Investors relying on CNL’s performance metrics now have the latest figures to guide their decisions. With share repurchases, new offering prices, and distributions all lined up for the end of September, the update provides a clear snapshot of where things stand heading into Q4.