CNL Strategic Capital Reports Higher NAV

Gains in portfolio valuations and stable distributions highlight the firm’s resilience in a shifting market.

August 26, 2025

Valuations rise on portfolio strength

CNL Strategic Capital, LLC released updated valuations and announced new distributions for July 2025. The board approved these changes on August 25, pointing to gains across most portfolio companies and an overall lift in net asset value.

The company reported $1.35 billion in total net asset value as of July 31, supported by roughly $1.40 billion in total assets. Share classes all moved higher, with increases driven by twelve of seventeen portfolio companies posting fair value gains. Four declined, and one held steady.

New pricing goes into effect August 31

Public offering prices are being reset to reflect these results. Effective August 31:

• Class A:$40.79


• Class T:$39.09


• Class D:$37.03


• Class I:$37.82

Purchases made through the reinvestment plan will track July’s net asset value levels.

Monthly distributions declared

The board also declared cash distributions, payable on September 29 to shareholders of record as of September 26. Most share classes will receive $0.104167 per share, with Class T set at $0.083333.

For the first seven months of 2025, approximately 44% of distributions were sourced from net investment income. The remaining 56% was funded by offering proceeds.

Performance snapshot

Long-term returns remain solid across share classes:

• Class FA: nearly 120% cumulative return since 2018


• Class S: over 85% cumulative return since 2020


• Annualized returns across all share classes range from 8% to 12%, depending on sales load

Expense support remains a factor

Distributions continue to be supported in part by reimbursements from the company’s manager and sub-manager. That support may be reduced or repaid in future periods, which could affect the amount of income available for shareholder distributions.