CNL Forms Investment Fund With KKR

ORLANDO-At a time when private companies are struggling to find capital, two firms have partnered to offer a viable solution—and a new opportunity for investors. CNL Financial has aligned with Kohlberg Kravis Roberts to form a nontraded business development company called Corporate Capital Trust.  

Officially launched on April 4, the new entity is working to raise capital by issuing common stock over two years through a continuous public offering via CNL Securities Corp. Corporate Capital Trust will invest primarily in the debt of privately owned U.S. companies with a focus on originated transactions sourced through the networks of its advisor, CNL Fund Advisors Company, and subadvisor, KKR Asset Management, LLC, both of which are registered as investment advisers with the SEC.