9AT: CNL STRATEGIC CAPITAL MANAGEMENT, LLC

Adviser Profile

As of Date	08/18/2026
Registration	SEC, Approved, 03/02/2017
ADV Location	ORLANDO, FL, United States
Contact Info	407 xxxxxxx

AUM^*	1,538,398,057 52%
of that, discretionary	1,538,398,057 52%
Number of Employees	7 -13%
of those in investment advisory functions	3
Private Fund GAV^*	0
Avg Account Size	1,538,398,057 52%
SMA’s	Yes
Private Funds	0

Adviser Type

- Large advisory firm

Client Types

- Other

Advisory Activities

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser ROCATON INVESTMENT ADVISORS	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM13.0b	#Funds-
Adviser OPUS INVESTMENT MANAGEMENT, INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM11.4b	#Funds-
Adviser TRIPACIFIC CAPITAL ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM12.3m	#Funds-
Adviser SATURNA CAPITAL CORPORATION	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM10.5b	#Funds-
Adviser DONALD SMITH & CO., INC.	Hedge Fund308.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV308.7m	AUM5.6b	#Funds3
Adviser INFRASTRUCTURE CAPITAL ADVISORS, LLC	Hedge Fund10.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV10.0m	AUM3.6b	#Funds1
Adviser ODIN CAPITAL MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM249.9m	#Funds-
Adviser KNIGHTS OF COLUMBUS ASSET ADVISORS LLC	Hedge Fund92.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund393.5m	Total Private Fund GAV485.6m	AUM30.5b	#Funds9
Adviser GREAT ELM CAPITAL MANAGEMENT, LLC	Hedge Fund6.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV6.6m	AUM346.1m	#Funds3
Adviser FIDUS INVESTMENT ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund12.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund106.6m	Total Private Fund GAV119.0m	AUM1.4b	#Funds2

Brochure Summary

Overview

CSCM is a Delaware limited liability company registered as an investment adviser with the Securities and Exchange Commission, effective March 3, 2017. It is controlled by CNL Financial Group, LLC (“CNL”), a private investment management firm specializing in alternative investment products. CSCM is the Manager and Administrator to CNL Strategic Capital, LLC, which will be our sole client. The Client is a limited liability company, organized as a holding company that primarily seeks to acquire controlling equity stakes and loan positions in durable, middle-market companies through subsidiaries as operating companies. The Client will raise capital for operations through a series of private and public offering of securities. The public offerings have been and will be registered with the Securities and Exchange Commission. The Client is subject to the overall supervision of a board of directors, a majority of which who are not interested persons of either CNL or the Client. CSCM will serve as Manager and Levine Leichtman Strategic Capital, LLC (“LLSC” or the “Sub-Manager”) will serve as Sub-Manager to the Client. As set forth in the Management Agreement, we act as the manager to the Client and its

subsidiaries with respect to day-to-day operations of the Client and its subsidiaries. We shall ensure that the Client follows its business policies, directives and restrictions that are set forth in the Client’s organizational documentation, registration statement and as are otherwise approved or implemented by the Client’s board of directors, or as may be required by federal and state law. The Manager and the Sub-Manager are collectively responsible for sourcing potential acquisition and debt financing opportunities. The Sub-Manager is primarily responsible for analyzing and conducting due diligence on prospective acquisitions and debt financings. Prior to presentation and approval to the Client’s board of directors, acquisitions and/or finance opportunities remain subject to approval by the Manager's management committee (the “MCOM”), including a determination that such opportunity meets the Client’s investment objectives. The final approval by the Client’s board of directors is required for all Client acquisition and/or finance opportunities. The Manager and the Sub-Manager are collectively responsible for monitoring and managing the businesses the Client acquires and/or finance on an ongoing basis.

CNL STRATEGIC CAPITAL MANAGEMENT, LLC

CNL STRATEGIC CAPITAL MANAGEMENT, LLC

Adviser Profile

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

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CNL STRATEGIC CAPITAL MANAGEMENT, LLC CNL STRATEGIC CAPITAL MANAGEMENT, LLC

Adviser Profile

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

CNL STRATEGIC CAPITAL MANAGEMENT, LLC

CNL STRATEGIC CAPITAL MANAGEMENT, LLC