Offering Highlights | CNL Strategic Capital

TABLE HEADER 2
Investment Structure	A limited liability company, regulated as a direct participation program, taxed as a partnership
Investment Managers¹	Manager: CNL Strategic Capital Management, LLC  Sub-Manager: Levine Leichtman Strategic Capital, LLC
Investor Profile	Individual and institutional investors
Maximum Offering Size	Up to $1.1 billion
Net Asset Value (NAV)²	Class A : Class T : Class D : Class I :
Published Net Asset Value	Monthly
Offering Price Per Share³	Class A : Class T : Class D : Class I :
Share Pricing Frequency³	Monthly
Minimum Investment	$5,000
Annualized Distribution Rate⁴	Class A : Class T : Class D : Class I :
Share Subscription Procedure	Monthly escrow sweep
Geographic Focus	Primarily in the United States
Investment Objective⁵	Long-term appreciation with current income, while protecting invested capital. Distributions not guaranteed in frequency or amount.
Distributions⁴	Declared and paid monthly. Sources of funds for distribution varies. Distributions are not guaranteed in frequency or amount.
Limited Share Repurchase Program⁶	Quarterly share repurchase program is based on net asset value. There will be numerous restrictions that limit an investor’s ability to sell their shares. The board of directors may suspend or modify the program at any time.
Tax Reporting	One consolidated Schedule K-1; best efforts to provide no later than mid-March
Exit Strategy⁷	Liquidity event options intended to be considered by the board of directors on or before Nov. 1, 2027 (which is within six years from the termination of the initial public offering). The exit date can vary. Shares should only be purchased as a long-term investment.
Financial Suitability Standards	See the Suitability Standards section of the prospectus or your firm’s policies. Some states may have additional standards. These states include AL, CA, IA, ID, KS, KY, MA, ME, MO, ND, NE, NJ, NM, OH, OK, OR, PA, PR, TN and VT.

TABLE HEADER 2

Investment Structure

A limited liability company, regulated as a direct participation program, taxed as a partnership

Investment Managers¹

Manager: CNL Strategic Capital Management, LLC 
Sub-Manager: Levine Leichtman Strategic Capital, LLC

Investor Profile

Individual and institutional investors

Maximum Offering Size

Up to $1.1 billion

Net Asset Value (NAV)²

Class A :

Class T :

Class D :

Class I :

Published Net Asset Value

Monthly

Offering Price Per Share³

Class A :

Class T :

Class D :

Class I :

Share Pricing Frequency³

Monthly

Minimum Investment

$5,000

Annualized Distribution Rate⁴

Class A :

Class T :

Class D :

Class I :

Share Subscription Procedure

Monthly escrow sweep

Geographic Focus

Primarily in the United States

Investment Objective⁵

Long-term appreciation with current income, while protecting invested capital. Distributions not guaranteed in frequency or amount.

Distributions⁴

Declared and paid monthly. Sources of funds for distribution varies. Distributions are not guaranteed in frequency or amount.

Limited Share Repurchase Program⁶

Quarterly share repurchase program is based on net asset value. There will be numerous restrictions that limit an investor’s ability to sell their shares. The board of directors may suspend or modify the program at any time.

Tax Reporting

One consolidated Schedule K-1; best efforts to provide no later than mid-March

Exit Strategy⁷

Liquidity event options intended to be considered by the board of directors on or before Nov. 1, 2027 (which is within six years from the termination of the initial public offering). The exit date can vary. Shares should only be purchased as a long-term investment.

Financial Suitability Standards

See the Suitability Standards section of the prospectus or your firm’s policies. Some states may have additional standards. These states include AL, CA, IA, ID, KS, KY, MA, ME, MO, ND, NE, NJ, NM, OH, OK, OR, PA, PR, TN and VT.

TABLE HEADER 2
NAV²	Class FA :
Annualized Distribution Rate Based on NAV⁴	Class FA :

TABLE HEADER 2

NAV²

Class FA :

Annualized Distribution Rate Based on NAV⁴

Class FA :

TABLE HEADER 2
NAV²	Class S :

TABLE HEADER 2

NAV²

Class S :

TABLE HEADER 2
NAV²	Class Q :
Offering Price Per Share³	Class Q :

TABLE HEADER 2

NAV²

Class Q :

Offering Price Per Share³

Class Q :

TABLE HEADER 2
NAV²	Class R :
Offering Price Per Share³	Class R :

TABLE HEADER 2

NAV²

Class R :

Offering Price Per Share³

Class R :

This investment is speculative, has substantial costs, and differs from traditional private equity. There is no assurance the stated objectives will be met. CNL Strategic Capital pays substantial fees and expenses, which will reduce the amount of cash available for acquisitions or distributions to shareholders. Read the prospectus for complete details on the risks, fees and expenses.

Footnotes

Risk Factors and General Notices

This is not an offer to sell nor a solicitation of an offer to buy shares of CNL Strategic Capital. Only the prospectus makes such an offer. This piece must be read in conjunction with the prospectus in order to understand fully all the objectives, risks, charges and expenses associated with an investment and must not be relied upon to make a decision. Please read the prospectus, including the Risk Factors section, for full details.

Neither the U.S. Securities and Exchange Commission, the Attorney General of the State of New York nor any other state regulator has passed on or endorsed the merits of this offering. Any representation to the contrary is unlawful.

An investment in CNL Strategic Capital, LLC is considered speculative and involves a high degree of risk, including the loss of all or a substantial amount of your investment. This offering is not suitable for everyone; investors are expected to meet the following: minimum financial suitability standards, time horizon, and risk tolerance to name a few. See your firm’s policies and the Suitability Standards section of the prospectus for details.

An investment in CNL Strategic Capital is illiquid. Shares sold in this offering will not be listed on an exchange or quoted through a quotation system for the foreseeable future, if ever. If investors are able to sell their shares, they may receive less than their purchase price.

Distributions paid are not solely based upon performance. Distributions are not guaranteed in frequency or amount. Distributions will be paid from net investment income, offering proceeds, borrowings or reimbursable expense support; the latter three will reduce future cash available for distributions and be dilutive to future shareholders.

CNL Strategic Capital may be unable to successfully implement its business and acquisition strategies or meet its investment objectives.

If CNL Strategic Capital is unable to raise substantially more funds, it will be limited in the number of businesses it acquires.

CNL Strategic Capital is managed by CNL Strategic Capital Management, LLC and sub-managed by Levine Leichtman Strategic Capital, LLC, which are affiliates of CNL Financial Group and Levine Leichtman Capital Partners, respectively. Each managing entity is an investment adviser registered with the U.S. Securities and Exchange Commission.

CNL Strategic Capital is regulated as a direct participation program. The managing dealer of CNL Strategic Capital is CNL Securities Corp., member FINRA/SIPC. CNL Securities and its associates cannot provide investment advice for any individual or any individual situation and are not acting in a fiduciary capacity. Contact your financial professional to learn more about CNL product offerings and how they may complement and help diversify your portfolio. Investments should be chosen based on your individual objectives, risk tolerance and goals.

Important Notice

The CNL Strategic Capital website is intended for use by authorized financial professionals and certain types of suitable investors.

Complete information about investing in CNL Strategic Capital is available in the prospectus. An investment in CNL Strategic Capital involves risks and is not suitable for all investors.

Prospectus

I acknowledge that (i) I have received the prospectus and (ii) either (a) I am a United States resident or (b) I have otherwise received authorization from CNL Securities or my broker-dealer/registered investment advisor to access the contents of this website.

Ohio Important Notice

This site and the materials herein are directed only to certain types of investors and to persons
in jurisdictions where CNL Strategic Capital is authorized for distribution.

Complete information about investing in shares of CNL Strategic Capital is available in the

prospectus. An investment in CNL Strategic Capital involves risks.

Download Prospectus

I acknowledge that (i) I have received the Prospectus and (ii) either (a) I am a United States
resident or (b) I have otherwise received authorization from CNL Strategic Capital or my broker
-dealer/registered investment advisor to access the contents of this website.

New Jersey Important Notice

Public Offering Highlights

Class FA Highlights⁸

Class S Highlights⁹

Class Q Highlights¹⁰

Class R Highlights¹¹

Get started

Searching for a form?

Need an investor kit?

Looking for your wholesaler?

Need paperwork assistance?

Footnotes

Risk Factors and General Notices

Important Notice

Ohio Important Notice

New Jersey Important Notice

Public Offering Highlights

Class FA Highlights8

Class S Highlights9

Class Q Highlights10

Class R Highlights11

Get started

Searching for a form?

Need an investor kit?

Looking for your wholesaler?

Need paperwork assistance?

Footnotes

Risk Factors and General Notices

Footnotes 1

Important Notice

Ohio Important Notice

New Jersey Important Notice

Class FA Highlights⁸

Class S Highlights⁹

Class Q Highlights¹⁰

Class R Highlights¹¹