CNL Strategic Capital, LLC S-1

Exhibit 21.1

LIST OF SUBSIDIARIES

Name of Subsidiary	Jurisdiction
CNL Strategic Capital InvestCo, Inc.	Delaware
Lado Agency, Inc.	New Jersey
Lawn Doctor, Inc.	New Jersey
LD Parent, Inc.	Delaware
LD Strategic Capital DebtCo, LLC	Delaware
LD Strategic EquityCo, LLC	Delaware
M&F Properties, Inc.	New Jersey
Polyform Holdings, Inc.	Delaware
Polyform Products Company, Inc.	Delaware
Polyform Strategic Capital DebtCo, LLC	Delaware
Polyform Strategic Capital EquityCo, LLC	Delaware