Friday, April 07, 2017

Corporate Captial Trust Explores Liquidity

Corporate Capital Trust, the $2.8 billion CNL/KKR business development corporation, released a filing on Wednesday stating that its board has approved a plan for the BDC to seek liquidity within the year through a listing on an exchange.   As part of the liquidity, KKR will move from a sub-advisor role to advisor, replacing CNL in this capacity.  CNL will have representation on a special advisory committee that will be formed upon liquidity. 

Of course, seeking liquidity is not assured liquidity.  This seems like positive news for the non-traded alternative industry.

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