CNL Strategic Capital Expands Diverse Portfolio with $29.5 Million Investment in Retirement Plan Administrator Madison Retirement Holdings TopCo, LLC

CNL Strategic Capital has invested approximately $29.5 million in Madison Retirement Holdings TopCo, LLC (MAP), a third-party administrator of retirement plans. MAP supports over 3,700 plans and 200,000 participants across the US, with a 30-year history. This marks CNL's 16th portfolio company investment, underscoring its strategy to invest in durable and growing middle-market businesses, providing income and long-term appreciation to individuals.

CNL Strategic Capital, a leading investor in privately owned middle-market businesses, has announced its latest investment of approximately $29.5 million in Madison Retirement Holdings TopCo, LLC (MAP), a prominent third-party administrator of retirement plans [1]. With a 30-year history, MAP supports over 3,700 plans and 200,000 participants across the United States. This investment marks CNL Strategic Capital's 16th portfolio company, solidifying its commitment to investing in durable and growing businesses.

According to its most recent operating results, CNL Strategic Capital had a portfolio of equity and debt investments in 13 portfolio companies, totaling approximately $1.0 billion in assets as of December 31, 2023 [1]. The company recognized a net change in unrealized appreciation on investments of approximately $41.7 million and total investment income of approximately $59.5 million for the year ended December 31, 2023. These figures reflect the success of CNL Strategic Capital's investment strategy, which aims to provide income and long-term appreciation to its investors.

Since its inception in February 2018, CNL Strategic Capital has raised approximately $909.7 million, including $28.2 million through the distribution reinvestment plan [1]. The company has declared cash distributions net of distributions reinvested, with sources of declared including net investment income and reimbursement of expense support.

By investing in MAP, CNL Strategic Capital is expanding its middle-market portfolio and further demonstrating its expertise in identifying and acquiring promising businesses with strong growth potential.

Sources:
[1] CNL Strategic Capital. (2024, March 28). CNL Strategic Capital Announces Operating Results for Year End 2023. Retrieved from https://www.cnlstrategiccapital.com/news/cnl-strategic-capital-announces-operating-results-for-year-end-2023.stml