Filed Pursuant to Rule 424(b)(3)
Registration No. 333-222986
CNL STRATEGIC CAPITAL, LLC
SUPPLEMENT NO. 1 DATED MARCH 8, 2018
TO THE PROSPECTUS DATED MARCH 7, 2018
We are providing this Supplement No. 1 to you in order to supplement our prospectus dated March 7, 2018. This supplement provides information that shall be deemed part of, and must be read in conjunction with, the prospectus. Capitalized terms used in this Supplement No. 1 have the same meanings in the prospects unless otherwise stated herein. The terms “we,” “our,” “us” and “company” refer to CNL Strategic Capital, LLC.
Declaration of Distributions
On March 7, 2018, our board of directors declaredcash distributions on the outstanding shares of all classes of our common shares based on weekly record dates for the time period beginning on March 7, 2018 through and including March 27, 2018, as set forth below:
| Distribution Record Date | Distribution Payment Date | Declared Distribution Per Share for Each Share Class | ||||||||||||||||||||
| Class FA | Class A | Class T | Class D | Class I | ||||||||||||||||||
| March 7, 2018 | April 10, 2018 | $ | 0.020604 | $ | 0.020604 | $ | 0.016484 | $ | 0.018544 | $ | 0.020604 | |||||||||||
| March 13, 2018 | April 10, 2018 | $ | 0.024038 | $ | 0.024038 | $ | 0.019231 | $ | 0.021635 | $ | 0.024038 | |||||||||||
| March 20, 2018 | April 10, 2018 | $ | 0.024038 | $ | 0.024038 | $ | 0.019231 | $ | 0.021635 | $ | 0.024038 | |||||||||||
| March 27, 2018 | April 10, 2018 | $ | 0.024038 | $ | 0.024038 | $ | 0.019231 | $ | 0.021635 | $ | 0.024038 | |||||||||||
