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 investment. CNL Strategic Capital is considered a long-term investment and investors are expected to meet the minimum suitability standards.
Strategic Capital’s objective is to invest in less cyclical and more durable businesses. During the period of COVID 19’s response and recovery, will determine if the objective is met as planned for. Past Performance is not indicative of future performance. The global outbreak of COVID-19 has caused volatility, severe market dislocations and liquidity constraints in the world’s markets. These issues could have an adverse impact on the operations of CNL sponsored investments which in turn would impact shareholder’s investments. We believe our risk management of the portfolio will mitigate some of these risks; however, we cannot eliminate the market risk of CNL Strategic Capital.

CNL Strategic Capital is a recently formed entity that has no operating history. It may be unable to successfully implement its business and acquisition strategies or meet its investment objectives. This will initially be a blind pool offering, and investors will not have the opportunity to evaluate businesses prior to acquisition.

Investors should not rely on the past performance of the managers and their respective affiliates as an indication of future success. CNL Strategic Capital is a different investment vehicle with fees and risks dissimilar to the managers other funds.

If CNL Strategic Capital is unable to continue to raise substantial funds, it will be limited in the number of businesses it acquires, which reduces diversification and increases the potential for volatility.
An investment in CNL Strategic Capital is illiquid and no secondary market is expected to develop. Shares sold in this offering will not be listed on an exchange or quoted through a quotation system for the foreseeable future, if ever. Investors will have limited liquidity. If investors are able to sell their shares, they will likely receive less than their purchase price.
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. The information herein does not supplement or revise any information in CNL Strategic Capital’s public filings. To the extent information herein conflicts with the prospectus, the information in the prospectus shall govern.

The prospectus is available at sec.gov, cnlstrategiccapital.com, or may be obtained by calling 866-650-0650.