Orlando, Fla., July 27, 2017 (GLOBE NEWSWIRE) --Corporate Capital Trust II, a business development company that offers individuals the unique opportunity to invest in the debt of privately owned American companies, recently closed on its first directly negotiated investment.
“We are thrilled that the Corporate Capital Trust II shareholders can now invest in originated deals on the same terms and alongside KKR’s other direct lending accounts,” said Thomas K. Sittema, CEO of Corporate Capital Trust II. “We believe that our unique ability to co-invest alongside KKR’s institutional clients provides our shareholders with a very compelling investment opportunity that is only available through investing in Corporate Capital Trust II.”
Corporate Capital Trust II received its order of exemptive relief from the Securities Exchange Commission on June 19, 2017 and funded its first originated transaction on June 30, 2017.
“Corporate Capital Trust II has a flexible mandate that permits us to take advantage of opportunities across the credit spectrum. This allows us to participate in transactions that provide an attractive risk-return opportunity, with a continued focus on originations,” said Todd Builione, President of KKR Credit and Markets.
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.
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.