Great Elm Capital Corp.

# Great Elm Capital Corp.

Great Elm Capital Corp. is a Maryland-incorporated company listed on Nasdaq. The company operates as a business development company (BDC) that provides financing solutions to middle-market businesses in North America. Its investment strategy focuses on making secured and unsecured debt investments, preferred equity, and common equity interests in private companies across various industries.

The company's portfolio consists primarily of debt and equity investments in operating businesses, with a concentration on senior secured lending to companies with enterprise values typically between $50 million and $500 million. Great Elm Capital generates revenue through interest income on debt investments, dividend and distribution income from equity holdings, and capital gains realized through exits and refinancings.

As a BDC, the company operates under regulatory requirements that mandate it maintain specific asset composition and leverage ratios while distributing substantially all taxable income to shareholders. The firm's investment activities are managed by an external investment adviser, which oversees deal sourcing, due diligence, and portfolio management functions.