Great Elm Capital Corp. is a U.S.-based externally managed business development company (BDC) that invests in middle-market credit and income-generating equity. It seeks current income and capital appreciation through secured lending, specialty finance investments, and CLO-related positions, while also providing managerial support to selected portfolio companies.
| % | |
|---|---|
| Middle-market debt investments | 55% Senior secured, secured, and other debt instruments used to generate current income from private middle-market borrowers. |
| Specialty finance investments | 20% Equity, debt, and platform investments in specialty finance businesses such as factoring and equipment finance. |
| CLO and warehouse investments | 15% CLO equity and related warehouse facilities held directly or through the CLO Formation JV. |
| Equity and equity-linked investments | 10% Income-generating equity, preferred, and equity-linked positions across the capital structure. |
Great Elm Capital Corp. does not sell products to end consumers; its capital is deployed to privately owned...
Privately owned companies with enterprise values of roughly $100 million to $2 billion that borrow secured or senior secured capital for growth, refinancing, or liquidity.
Operating platforms and lenders in factoring, equipment finance, inventory leasing, merchant cash advance, and hard money real estate lending that need debt and equity capital.
CLO vehicles and warehouse facilities that require subordinated note capital and related financing to support loan accumulation and securitization activity.
Companies across the capital structure that issue subordinated debt, preferred equity, or equity-linked securities to finance expansion or recapitalizations.
The company is organized in the United States and operates as a U.S. BDC, with its adviser based in Florida...
Great Elm Capital Corp. is focused on generating current income and capital appreciation by combining secured credit,...
Combining senior secured debt with equity-linked exposure aims to preserve downside protection while improving upside potential.
These areas can provide differentiated yield and synergies, especially through the CLO JV and GESF platform.
Ongoing oversight helps identify credit deterioration early and supports value preservation in private assets.
The business is exposed to credit losses because it lends to privately owned middle-market companies that can be more...
The portfolio is concentrated in privately owned borrowers that often have weaker balance sheets and less access to capital.
CLO equity is subordinated and depends on underlying loan performance, cash flows, and tranche structure.
Most portfolio assets are privately held and valued using judgmental models rather than observable market prices.
The company has no employees and relies on GECM for investment, CFO, and compliance functions.
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: 28/04/2026