Form D Raw Data - Electronic Filing Depository

EFDID: 375929EFD: Raw Data

Issuer: CNL SPROTT STRATEGIC ASSET FUND, LLC (0001840192) - D/A

Accession: 0001387131-22-006336 () (EDGAR Files) (Form D)

Edgar Posted: May. 20, 2022
EFD Posted: May. 20, 2022

- < edgarSubmission >

< schemaVersion > X0708 </ schemaVersion >

< submissionType > D/A </ submissionType >

< testOrLive > LIVE </ testOrLive >

- < primaryIssuer >

< cik > 0001840192 </ cik >

< entityName > CNL SPROTT STRATEGIC ASSET FUND, LLC </ entityName >

- < issuerAddress >

< street1 > 450 SOUTH ORANGE AVENUE </ street1 >

< street2 > SUITE 1400 </ street2 >

< city > ORLANDO </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 32801 </ zipCode >

</ issuerAddress >

< issuerPhoneNumber > 407-650-1000 </ issuerPhoneNumber >

< jurisdictionOfInc > DELAWARE </ jurisdictionOfInc >

- < issuerPreviousNameList >

< value > None </ value >

</ issuerPreviousNameList >

- < edgarPreviousNameList >

< value > None </ value >

</ edgarPreviousNameList >

< entityType > Limited Liability Company </ entityType >

- < yearOfInc >

< withinFiveYears > true </ withinFiveYears >

< value > 2020 </ value >

</ yearOfInc >

</ primaryIssuer >

- < relatedPersonsList >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > - </ firstName >

< lastName > CNL Strategic Asset Management, LLC </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 450 South Orange Ave, Suite 1400 </ street1 >

< city > Orlando </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 32801 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Promoter </ relationship >

</ relatedPersonRelationshipList >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Tammy </ firstName >

< middleName > J. </ middleName >

< lastName > Tipton </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 450 South Orange Ave </ street1 >

< street2 > Suite 1400 </ street2 >

< city > Orlando </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 32801 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Andrew </ firstName >

< middleName > A. </ middleName >

< lastName > Hyltin </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 450 South Orange Ave </ street1 >

< street2 > Suite 1400 </ street2 >

< city > Orlando </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 32801 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Scott </ firstName >

< middleName > C. </ middleName >

< lastName > Hall </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 450 South Orange Ave </ street1 >

< street2 > Suite 1400 </ street2 >

< city > Orlando </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 32801 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

</ relatedPersonInfo >

</ relatedPersonsList >

- < offeringData >

- < industryGroup >

< industryGroupType > Other Real Estate </ industryGroupType >

</ industryGroup >

- < issuerSize >

< revenueRange > Decline to Disclose </ revenueRange >

</ issuerSize >

- < federalExemptionsExclusions >

< item > 06c </ item >

</ federalExemptionsExclusions >

- < typeOfFiling >

- < newOrAmendment >

< isAmendment > true </ isAmendment >

< previousAccessionNumber > 0001387131-21-005967 </ previousAccessionNumber >

</ newOrAmendment >

- < dateOfFirstSale >

< value > 2021-07-30 </ value >

</ dateOfFirstSale >

</ typeOfFiling >

- < durationOfOffering >

< moreThanOneYear > true </ moreThanOneYear >

</ durationOfOffering >

- < typesOfSecuritiesOffered >

< isEquityType > true </ isEquityType >

</ typesOfSecuritiesOffered >

- < businessCombinationTransaction >

< isBusinessCombinationTransaction > false </ isBusinessCombinationTransaction >

</ businessCombinationTransaction >

< minimumInvestmentAccepted > 25000 </ minimumInvestmentAccepted >

- < salesCompensationList >

- < recipient >

< recipientName > CNL Securities Corp. </ recipientName >

< recipientCRDNumber > 10356 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 450 SOUTH ORANGE AVENUE </ street1 >

< street2 > SUITE 1400 </ street2 >

< city > ORLANDO </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 32801 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > CALTON & ASSOCIATES, INC. </ recipientName >

< recipientCRDNumber > 20999 </ recipientCRDNumber >

< associatedBDName > CALTON & ASSOCIATES, INC. </ associatedBDName >

< associatedBDCRDNumber > 20999 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 2701 N ROCKY POINT DRIVE </ street1 >

< street2 > SUITE 1000 </ street2 >

< city > TAMPA </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 33607 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > IFP SECURITIES, LLC </ recipientName >

< recipientCRDNumber > 297287 </ recipientCRDNumber >

< associatedBDName > IFP SECURITIES, LLC </ associatedBDName >

< associatedBDCRDNumber > 297287 </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 160 LINDEN OAKS DR </ street1 >

< city > ROCHESTER </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 14625 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< value > All States </ value >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

</ salesCompensationList >

- < offeringSalesAmounts >

< totalOfferingAmount > 250000000 </ totalOfferingAmount >

< totalAmountSold > 12251850 </ totalAmountSold >

< totalRemaining > 237748150 </ totalRemaining >

< clarificationOfResponse > In any combination of Class A Units, Class T Units, Class D Units, Class S Units, and Class I Units. </ clarificationOfResponse >

</ offeringSalesAmounts >

- < investors >

< hasNonAccreditedInvestors > false </ hasNonAccreditedInvestors >

< totalNumberAlreadyInvested > 65 </ totalNumberAlreadyInvested >

</ investors >

- < salesCommissionsFindersFees >

- < salesCommissions >

< dollarAmount > 10965 </ dollarAmount >

</ salesCommissions >

- < findersFees >

< dollarAmount > 0 </ dollarAmount >

< isEstimate > true </ isEstimate >

</ findersFees >

< clarificationOfResponse > The issuer will pay up to the following percentages of the sales price for the sales of certain classes of Units: 8.5% for Class A, 4.75% for Class T, and 3.0% for Class S Units. Class D Units and Class I Units are not subject to any upfront sales load. </ clarificationOfResponse >

</ salesCommissionsFindersFees >

- < useOfProceeds >

- < grossProceedsUsed >

< dollarAmount > 0 </ dollarAmount >

< isEstimate > true </ isEstimate >

</ grossProceedsUsed >

< clarificationOfResponse />

</ useOfProceeds >

- < signatureBlock >

< authorizedRepresentative > false </ authorizedRepresentative >

- < signature >

< issuerName > CNL SPROTT STRATEGIC ASSET FUND, LLC </ issuerName >

< signatureName > /s/ Scott C. Hall </ signatureName >

< nameOfSigner > Scott C. Hall </ nameOfSigner >

< signatureTitle > COO </ signatureTitle >

< signatureDate > 2022-05-20 </ signatureDate >

</ signature >

</ signatureBlock >

</ offeringData >

</ edgarSubmission >