Orlando, Fla., June 21, 2017 (GLOBE NEWSWIRE) --The Securities and Exchange Commission issued an order granting exemptive relief to Corporate Capital Trust II, a business development company that offers individuals the unique opportunity to invest in the debt of privately owned American companies.

The order permits Corporate Capital Trust II to participate in directly negotiated investments alongside other pools of capital managed by its advisors and their affiliates, including Corporate Capital Trust and other investment funds managed by sub-advisor KKR. This will provide Corporate Capital Trust II’s shareholders access to additional investment opportunities.

In addition to the ability to invest alongside KKR, the order also allows Corporate Capital Trust II to invest in transactions where KKR has greater control over the structure and terms of deals. This provides Corporate Capital Trust II an opportunity to create more value for its shareholders through proprietary sourcing, credit selection, underwriting and ongoing monitoring.

“With exemptive relief, Corporate Capital Trust II will now have the ability to diversify and expand its investment opportunities more than ever before,” said Thomas K. Sittema, CEO of Corporate Capital Trust II. “We believe this will provide a broader range of opportunities and better enable us to deliver quality, risk-adjusted earnings to our shareholders.”

About Corporate Capital Trust II

Corporate Capital Trust II is a non-traded business development company that invests in the debt of privately owned U.S. companies. The company is externally managed by CNL and KKR and its investment objective is to provide shareholders with current income and, to a lesser extent, long-term capital appreciation. The company intends to meet its investment objective by investing primarily in the debt of privately owned U.S. companies, with a focus on originated transactions sourced through the networks of its advisors. For additional information, please visit corporatecapitaltrustii.com.

About CNL Financial Group

CNL Financial Group is a private investment management firm providing real estate and alternative investments. Since inception in 1973, CNL Financial Group and/or its affiliates have formed or acquired companies with more than $34 billion in assets. For more information, visit cnl.com.

About KKR

KKR is a global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate investment returns by following a disciplined investment approach, employing experienced investment professionals, and driving growth and value creation at the asset level. For additional information about KKR & Co. L.P. (NYSE: KKR), please visit KKR's website at kkr.com and on Twitter @KKR_Co.