# CNL Fund Advisors II, LLC

> CNL Fund Advisors II, LLC is an SEC-registered investment advisory firm in Orlando, FL, registered since 2015, reporting under $25 million in regulatory assets under management in its Form ADV filing dated June 30, 2026.

- CRD: 174178
- Filed as: CNL FUND ADVISORS II, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Orlando, FL
- Filing period: October 2026
- Form ADV filing dated: June 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/174178
- AdvisorCensus page: https://advisorcensus.com/firm/cnl-fund-advisors-ii-llc-orlando-fl-174178

## Quick answers

**How is CNL Fund Advisors II, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), CNL Fund Advisors II, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**What does CNL Fund Advisors II, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated June 30, 2026 states: Asset-based fee: 2% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is CNL Fund Advisors II, LLC located?**
CNL Fund Advisors II, LLC's principal office is in Orlando, FL, according to its Form ADV.

**Is CNL Fund Advisors II, LLC registered with the SEC or a state?**
CNL Fund Advisors II, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 174178.

**How much does CNL Fund Advisors II, LLC manage?**
CNL Fund Advisors II, LLC reports $19,949,432 in regulatory assets under management in its Form ADV filing dated June 30, 2026 (100% discretionary).

**How have CNL Fund Advisors II, LLC's assets and staff changed since 2021?**
In the Form ADV data for CNL Fund Advisors II, LLC: Regulatory assets under management: $0 in the October 2025 data and $19,949,432 in the October 2026 data. Total employees: 1 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does CNL Fund Advisors II, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1).

**Does CNL Fund Advisors II, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/174178

**What changed in CNL Fund Advisors II, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $0 to $19,868,210.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated June 30, 2026)

- Asset-based fee: 2% of assets a year

> The Management Fee is calculated at an annual rate of two percent (2%) of the value of Client’s total assets, accrues daily and is payable quarterly in arrears.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $19,949,432
- Discretionary: $19,949,432
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $19,949,432 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2015 (11 years)
- Employees: 6 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: DE, FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | 1 | March 26, 2021 |
| October 2022 | Not reported | 2 | March 31, 2022 |
| October 2023 | Not reported | 2 | March 28, 2023 |
| October 2024 | Not reported | 2 | March 29, 2024 |
| October 2025 | $0 | 6 | April 17, 2025 |
| October 2026 | $19,949,432 | 6 | June 30, 2026 |

Regulatory assets under management: $0 in the October 2025 data and $19,949,432 in the October 2026 data.
Total employees: 1 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $0 to $19,868,210.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. CNL Fund Advisors II, LLC (CRD 174178): Form ADV filing data as of October 2026.