Mr. Bhavsar directs CNL’s private capital investments, financial management and other corporate services, while jointly managing capital markets activities and day-to-day operations. Since its founding in 1973, CNL has formed or acquired companies with more than $34 billion in assets.
Mr. Bhavsar was previously chief operating officer and chief financial officer of Corporate Capital Trust, a CNL-sponsored business development company now listed on the New York Stock Exchange. Mr. Bhavsar also served as chief financial officer for CNL Bank. During his tenure there, he managed an investment portfolio in aggregate of $400 million, including non-government backed securities and other credit investments.
With more than 18 years of experience as a chief financial officer, Mr. Bhavsar is well-versed in complex federal and state regulatory reporting environments. Additionally, Mr. Bhavsar was lead independent director and head of the Audit Committee of Currency Exchange International, Corp., an exchange-listed bank holding company, and reviewed and approved public financial statements and filings.
Mr. Bhavsar also served as executive vice president, chief operating officer and chief financial officer of Florida Choice Bank, and senior audit manager of Hacker Johnson Cohen and Grieb, a specialized Accounting and Auditing firm for state and regional banks. Mr. Bhavsar received a Bachelor of Science and a Masters in Accounting from the University of Florida. He is also a graduate of the Banking School at the University of Virginia.