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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