Great Elm Capital · filed 2025-08-04
Total Fair Value
$397.63M
75 holdings
Unrealized P/L
-$18.48M
-4.44% vs cost
W. Avg Spread
+7.77%
debt, FV-weighted
W. Avg Coupon
11.19%
debt, FV-weighted
% First Lien
34.9%
by fair value
Non-Accrual
0
text-detected
Investment Type Allocation
Fair value by type
Industry Concentration
Top 10 industries by fair value
$398M
Total Fair Value
- Short-Term Investments17.2%
- Structured Finance13.9%
- Technology11.1%
- Specialty Finance9.1%
- Consumer Products6.9%
- Transportation Equipment Manufacturing6.3%
- Insurance5.5%
- Chemicals5.4%
- Metals & Mining3.5%
- Food & Staples3.1%
- Other industries18.1%
Spread Distribution
Floating-rate debt holdings by 50bp spread bucket
All holdings
Sortable, click headers to re-sort
75 of 75
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
United States Treasury | Short-Term Investments | Treasury Bill | $64.79M | $64.80M | -$10.0K | — | — | — |
CLO Formation JV, LLC | Structured Finance | Common Equity | $48.60M | $52.36M | -$3.76M | — | — | — |
Great Elm Specialty Finance, LLC | Specialty Finance | Subordinated Note | $23.93M | $23.93M | $0.00 | 13.00% | — | 2026-06-30 |
CW Opportunity 2 LP | Technology | Private Fund | $19.90M | $6.00M | $13.90M | — | — | — |
First Brands, Inc. | Transportation Equipment Manufacturing | 2nd Lien, Secured Loan | $14.50M | $15.77M | -$1.28M | 13.04% | +8.50% | 2028-03-30 |
Coreweave Compute Acquisition Co. II, LLC | Technology | 1st Lien, Secured Loan | $13.90M | $13.50M | $398.0K | 13.92% | +9.62% | 2028-07-31 |
American Coastal Insurance Corp. | Insurance | Unsecured Bond | $12.59M | $8.70M | $3.89M | 7.25% | — | 2027-12-15 |
Great Elm Specialty Finance, LLC | Specialty Finance | Common Equity | $12.43M | $17.00M | -$4.57M | — | — | — |
Nice-Pak Products Inc. | Consumer Products | Secured Loan B | $11.24M | $10.89M | $355.0K | — | +11.50% | 2027-09-30 |
Vi-Jon | Consumer Products | 1st Lien, Secured Loan | $8.56M | $8.52M | $49.0K | — | +10.00% | 2028-12-28 |
First Brands, Inc. | Transportation Equipment Manufacturing | 1st Lien, Secured Loan | $7.11M | $7.47M | -$360.0K | 9.54% | +5.00% | 2027-03-30 |
NGC CLO 2 Ltd. | Structured Finance | CLO Equity | $6.82M | $6.19M | $634.0K | — | — | — |
Universal Fiber Systems | Chemicals | Common Equity | $6.37M | $6.81M | -$443.0K | — | — | — |
Manchester Acquisition Sub, LLC | Chemicals | 1st Lien, Secured Loan | $6.31M | $6.35M | -$42.0K | 10.22% | +5.75% | 2026-12-01 |
ProFrac Holdings II, LLC | Energy Services | 1st Lien, Secured Bond | $6.13M | $5.91M | $218.0K | 11.81% | +7.25% | 2029-01-23 |
EagleView Technology Corp | Technology | 1st Lien, Secured Loan | $6.02M | $6.04M | -$16.0K | — | +6.50% | 2028-08-14 |
W&T Offshore, Inc. | Oil & Gas Exploration & Production | 2nd Lien, Secured Bond | $5.67M | $6.13M | -$461.0K | 10.75% | — | 2029-02-02 |
Foresight Energy | Metals & Mining | 1st Lien, Secured Loan | $5.53M | $5.88M | -$343.0K | 12.40% | +8.00% | 2027-06-30 |
Trouvaille Re Ltd. | Insurance | Preference Shares | $5.45M | $5.00M | $450.0K | — | — | — |
Ipsen US Holdings, Inc. | Industrial | 1st Lien, Secured Loan | $5.07M | $5.20M | -$130.0K | — | +11.82% | 2029-07-31 |
Del Monte Foods Corp II Inc | Food & Staples | 1st Lien, Secured Loan | $4.89M | $5.40M | -$508.0K | — | +11.00% | 2028-08-02 |
Mad Engine Global, LLC | Apparel | 1st Lien, Secured Loan | $4.86M | $5.17M | -$308.0K | 11.56% | +7.00% | 2027-07-15 |
Avation Capital SA | Aircraft | 2nd Lien, Secured Bond | $4.54M | $4.44M | $99.0K | 8.25% | — | 2026-10-31 |
Form Technologies LLC | Industrial | 1st Lien, Secured Loan | $4.48M | $4.66M | -$178.0K | 10.02% | +5.75% | 2030-07-19 |
Greenfire Resources Ltd. | Oil & Gas Exploration & Production | 1st Lien, Secured Bond | $4.40M | $4.12M | $282.0K | 12.00% | — | 2028-10-01 |
CSC ServiceWorks | Consumer Services | 1st Lien, Secured Loan | $4.31M | $4.35M | -$38.0K | 8.58% | +4.00% | 2028-03-04 |
Dynata, LLC (New Insight Holdings, Inc.) | Internet Media | 1st Lien, Secured Loan | $4.17M | $4.74M | -$571.0K | 10.09% | +5.50% | 2028-10-15 |
Conuma Resources LTD | Metals & Mining | 1st Lien, Secured Bond | $4.05M | $4.33M | -$282.0K | 13.13% | — | 2028-05-01 |
FPL Food LLC | Food & Staples | 1st Lien, Secured Loan | $4.00M | $4.00M | $0.00 | 11.50% | +3.25% | 2027-02-13 |
Stone Ridge Opportunities Fund L.P. | Insurance | Private Fund | $3.94M | $2.39M | $1.55M | — | — | — |
MFB Northern Inst Funds Treas Portfolio Premier CL | Short-Term Investments | Money Market | $3.42M | $3.42M | $0.00 | — | — | — |
Coreweave Compute Acquisition Co. IV, LLC | Technology | 1st Lien, Secured Loan | $3.32M | $3.21M | $109.0K | 10.29% | +6.00% | 2030-05-16 |
Nice-Pak Products Inc. | Consumer Products | Warrants | $3.17M | — | — | — | — | — |
Flexsys Cayman Holdings, LP | Chemicals | 1st Lien, Secured Loan | $3.03M | $5.05M | -$2.02M | 9.69% | +5.25% | 2029-08-01 |
Auction.com | Financial Services | 1st Lien, Secured Loan | $2.93M | $3.04M | -$111.0K | 10.25% | +6.00% | 2028-05-26 |
Vi-Jon | Consumer Products | 1st Lien, Secured Loan | $2.89M | $2.88M | $14.0K | — | +10.00% | 2028-12-28 |
FS KKR CAPITAL CORP | Closed-End Fund | Common Equity | $2.80M | $2.74M | $59.0K | — | — | — |
Ruby Tuesday Operations LLC | Restaurants | 1st Lien, Secured Loan | $2.61M | $2.66M | -$49.0K | — | +12.00% | 2027-02-24 |
Northeast Grocery Inc | Food & Staples | 1st Lien, Secured Loan | $2.59M | $2.60M | -$7.0K | 11.82% | +7.50% | 2028-12-13 |
Maverick Gaming LLC | Casinos & Gaming | 1st Lien, Secured Loan | $2.41M | $6.35M | -$3.94M | — | — | 2028-06-03 |
Dynata, LLC (New Insight Holdings, Inc.) | Internet Media | Common Equity | $2.22M | $11.23M | -$9.01M | — | — | — |
Elevate Textiles, Inc. | Textiles | 1st Lien, Secured Loan | $2.10M | $2.04M | $59.0K | — | +6.50% | 2027-09-30 |
Inmar Inc. | Consumer Services | 1st Lien, Secured Loan | $1.99M | $1.97M | $22.0K | 8.80% | +4.50% | 2031-10-30 |
PowerStop LLC | Transportation Equipment Manufacturing | 1st Lien, Secured Loan | $1.72M | $2.15M | -$430.0K | 9.13% | +4.75% | 2029-01-26 |
Flexsys Cayman Holdings, LP | Chemicals | 1st Lien, Secured Loan | $1.71M | $1.78M | -$73.0K | 10.58% | +6.25% | 2029-08-01 |
TruGreen LP | Consumer Services | 1st Lien, Secured Loan | $1.68M | $1.72M | -$35.0K | 8.43% | +4.00% | 2027-11-02 |
First Brands, Inc. | Transportation Equipment Manufacturing | 1st Lien, Secured Loan | $1.67M | $1.76M | -$96.0K | 9.54% | +5.00% | 2027-03-30 |
Advancion | Chemicals | 2nd Lien, Secured Loan | $1.52M | $1.54M | -$21.0K | 12.18% | +7.75% | 2028-11-24 |
Walor North America, Inc | Industrial | 1st Lien, Secured Loan | $1.50M | $1.50M | $0.00 | 10.07% | +5.75% | 2028-06-17 |
Maverick Gaming LLC | Casinos & Gaming | 1st Lien, Secured Loan | $1.48M | $1.48M | $0.00 | — | — | 2028-06-03 |
Vantage Specialty Chemicals, Inc. | Chemicals | 1st Lien, Secured Loan | $1.46M | $1.45M | $6.0K | 9.03% | +4.75% | 2026-10-26 |
Nice-Pak Products Inc. | Consumer Products | Promissory Note | $1.45M | — | — | — | — | — |
Conuma Resources LTD | Metals & Mining | 1st Lien, Secured Bond | $1.42M | $1.37M | $49.0K | 13.13% | — | 2028-05-01 |
New Wilkie Energy Pty Limited | Metals & Mining | 2nd Lien, Secured Loan | $1.39M | $4.97M | -$3.58M | — | — | — |
Brightline East, LLC | Transportation | 1st Lien, Secured Bond | $1.37M | $1.46M | -$91.0K | 11.00% | — | 2030-01-31 |
New Wilkie Energy Pty Limited | Metals & Mining | 1st Lien, Secured Loan | $1.27M | $1.23M | $39.0K | — | — | 2027-02-20 |
Thryv, Inc. | Marketing Services | 1st Lien, Secured Loan | $1.26M | $1.25M | $11.0K | 11.08% | +6.75% | 2029-05-01 |
Confluence Technologies | Technology | 1st Lien, Secured Loan | $946.0K | $989.0K | -$43.0K | 8.20% | +3.75% | 2028-07-31 |
TPC Group Inc | Chemicals | 1st Lien, Secured Loan | $912.0K | $934.0K | -$22.0K | 9.95% | +5.75% | 2031-12-16 |
Ruby Tuesday Operations LLC | Restaurants | 1st Lien, Secured Loan | $812.0K | $821.0K | -$9.0K | — | +16.00% | 2027-02-24 |
TruGreen LP | Consumer Services | 2nd Lien, Secured Loan | $780.0K | $730.0K | $50.0K | 13.04% | +8.50% | 2028-11-02 |
Graftech | Industrial | 2nd Lien, Secured Bond | $708.0K | $650.0K | $58.0K | 9.88% | — | 2029-12-23 |
SIRVA Worldwide Inc | Business Services | 1st Lien, Secured Loan | $676.0K | $693.0K | -$17.0K | 12.32% | +8.00% | 2029-02-20 |
Del Monte Foods Corp II Inc | Food & Staples | 1st Lien, Secured Loan | $634.0K | $681.0K | -$47.0K | — | +11.00% | 2028-08-02 |
Ruby Tuesday Operations LLC | Restaurants | Warrants | $395.0K | — | — | — | — | — |
Blue Ribbon, LLC | Food & Staples | 1st Lien, Secured Loan | $246.0K | $240.0K | $6.0K | — | +8.00% | 2028-05-08 |
Blackstone Secured Lending Fund | Closed-End Fund | Common Equity | $185.0K | $182.0K | $3.0K | — | — | — |
New Wilkie Energy Pty Limited | Metals & Mining | 1st Lien, Secured Loan | $114.0K | $110.0K | $4.0K | — | — | 2027-02-20 |
Main Street Sports Group LLC | Media | 1st Lien, Secured Loan | $97.0K | $100.0K | -$3.0K | 15.00% | — | 2028-01-03 |
SIRVA Worldwide Inc | Business Services | Delayed Draw, Secured Loan | $76.0K | $78.0K | -$2.0K | 12.32% | +8.00% | 2029-02-20 |
TRU Taj Trust | Retail | Common Equity | $72.0K | $611.0K | -$539.0K | — | — | — |
Universal Fiber Systems | Chemicals | Common Equity | $3.0K | — | — | — | — | — |
PFS Holdings Corp. | Food & Staples | Common Equity | $0.00 | $12.38M | -$12.38M | — | — | — |
Dynata, LLC (New Insight Holdings, Inc.) | Internet Media | Warrants | — | — | — | — | — | — |
Universal Fiber Systems | Chemicals | Common Equity | — | — | — | — | — | — |