Great Elm Capital Corp. is an externally-managed business development company that invests in the debt instruments of middle market companies. We have elected to be regulated as a business development company, or BDC, under the Investment Company Act of 1940, as amended. Our stock is traded on NASDAQ under the ticker symbol “GECC”.
GECC’s investment objective is to generate attractive risk-adjusted returns through both current income and capital appreciation with a keen focus on the preservation of capital. We invest primarily in the debt of private middle-market companies with enterprise values typically between $100 million and $2 billion and a focus on special situations and catalyst-driven opportunities.
GECC is managed by Great Elm Capital Management, or GECM (www.greatelmcap.com), a wholly-owned subsidiary of Great Elm Capital Group, Inc. (NASDAQ: GEC). Led by Peter A. Reed, GECC’s Chief Executive Officer, GECM’s investment team has more than 100 years of aggregate experience financing and investing in leveraged middle market companies.
GECC seeks to generate current income and capital appreciation by investing in middle-market companies that operate in a range of industries. We expect to make multi-year investments primarily in senior secured and unsecured debt instruments that we purchase in the secondary market, although we may also originate investments directly. We seek to protect against risk of impairment by investing in borrowers with tangible and intangible assets, where we believe asset values are expected to exceed the market value of the cumulative debt. We focus on investments whose total return potential (interest income plus capital appreciation) is appropriately balanced against potential investment risks.