The board of trustees of Corporate Capital Trust II (the company), a business development company (BDC) that offers individuals the opportunity to invest in the debt of privately owned American companies, announced that the fund intends to suspend its offering to new investors effective Jan. 10, 2018.
The board of trustees of the company also announced that it will begin exploring changes to Corporate Capital Trust II’s advisory structure proposed by the company’s current investment subadviser, KKR Credit Advisors, including joining other BDCs in seeking investment advisory services from a new strategic BDC partnership between KKR and Franklin Square Holdings (FS Investments) or their respective affiliates.
Corporate Capital Trust II is currently advised by CNL and sub-advised by KKR. Any change in its advisory structure would require shareholder approval.
Under their recently a
