Orlando, Fla., Nov. 02, 2016 (GLOBE NEWSWIRE) -- Corporate Capital Trust announced that it successfully completed its common stock offering and closed to new investors after raising more than $3 billion in capital. Since its initial public offering began in April 2011, Corporate Capital Trust has grown to nearly $4.5 billion in assets under management while generating consistent distributions to shareholders.

“We are extremely pleased with the performance of Corporate Capital Trust as it has grown to be one of the largest business development companies in the United States,” said Thomas K. Sittema, CEO and chairman of the board of Corporate Capital Trust. “We will continue to operate with the same sound portfolio management strategies with our partner, KKR, in this next phase of the Company’s life.”

CNL Financial Group and KKR have one other business development company currently open to new investors.

“Corporate Capital Trust II, launched earlier in 2016, has a similar investment strategy and focus as Corporate Capital Trust, with an updated structure that addresses many of the changes in the regulatory environment – all backed by the knowledge and experience of an exceptional team,” said Sittema.

About Corporate Capital Trust
Corporate Capital Trust is a non-traded business development company that provides individuals an opportunity to invest in privately owned American 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 companies, with a focus on originated transactions sourced through the networks of its advisors. For additional information, please visit CorporateCapitalTrust.com.

About CNL Financial Group
CNL Financial Group is a private investment management firm providing global 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 leading 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 attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners' capital and brings opportunities to others through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE: KKR), please visit KKR's website at KKR.com and on Twitter @KKR_Co.