Great Elm Capital · filed 2025-05-05
Total Fair Value
$678.34M
77 holdings
Unrealized P/L
-$47.72M
-6.57% vs cost
W. Avg Spread
+6.42%
debt, FV-weighted
W. Avg Coupon
11.19%
debt, FV-weighted
% First Lien
21.7%
by fair value
Non-Accrual
0
text-detected
Investment Type Allocation
Fair value by type
Industry Concentration
Top 10 industries by fair value
$678M
Total Fair Value
- Investments at Fair Value50.4%
- Structured Finance7.7%
- Specialty Finance6.3%
- Technology4.7%
- Consumer Products3.8%
- Transportation Equipment Manufacturing3.8%
- Insurance3.4%
- Chemicals2.9%
- Food & Staples2.4%
- Metals & Mining1.9%
- Other industries12.8%
Spread Distribution
Floating-rate debt holdings by 50bp spread bucket
All holdings
Sortable, click headers to re-sort
77 of 77
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
TOTAL INVESTMENTS | Investments at Fair Value | — | $341.91M | $365.81M | -$23.89M | — | — | — |
CLO Formation JV, LLC | Structured Finance | Common Equity | $46.02M | $47.53M | -$1.51M | — | — | — |
Great Elm Specialty Finance, LLC | Specialty Finance | Subordinated Note | $29.73M | $29.73M | $0.00 | 13.00% | — | 2026-06-30 |
First Brands, Inc. | Transportation Equipment Manufacturing | 2nd Lien, Secured Loan | $14.83M | $15.74M | -$918.0K | 13.05% | +8.76% | 2028-03-30 |
Coreweave Compute Acquisition Co. II, LLC | Technology | 1st Lien, Secured Loan | $14.73M | $14.37M | $357.0K | 13.92% | +9.62% | 2028-07-31 |
Great Elm Specialty Finance, LLC | Specialty Finance | Common Equity | $13.04M | $17.57M | -$4.52M | — | — | — |
American Coastal Insurance Corp. | Insurance | Industry Insurance Security Unsecured Bond Interest Rate 7.25% Initial Acquisition Date 12/20/2022 Maturity 12/15/2027 | $12.61M | $8.40M | $4.21M | 7.25% | — | 2027-12-15 |
Nice-Pak Products Inc. | Consumer Products | Secured Loan B | $9.67M | $9.20M | $471.0K | — | +5.76% | 2027-09-30 |
Harvey Gulf Holdings LLC | Shipping | Secured Loan B | $8.87M | $8.73M | $146.0K | 11.30% | +6.98% | 2029-01-19 |
Vi-Jon | Consumer Products | 1st Lien, Secured Loan | $8.61M | $8.52M | $90.0K | — | +8.26% | 2028-12-28 |
First Brands, Inc. | Transportation Equipment Manufacturing | 1st Lien, Secured Loan | $7.00M | $7.48M | -$479.0K | 9.55% | +5.26% | 2027-03-30 |
Trouvaille Re Ltd. | Insurance | Preference Shares | $7.00M | $5.00M | $2.00M | — | — | — |
EagleView Technology Corp | Technology | 1st Lien, Secured Loan | $6.93M | $6.93M | -$2.0K | 10.80% | +5.50% | 2028-08-14 |
Universal Fiber Systems | Chemicals | Common Equity | $6.38M | $6.81M | -$424.0K | — | — | — |
Manchester Acquisition Sub, LLC | Chemicals | 1st Lien, Secured Loan | $6.37M | $6.44M | -$68.0K | 10.22% | +5.90% | 2026-11-01 |
ProFrac Holdings II, LLC | Energy Services | 1st Lien, Secured Bond | $6.32M | $6.10M | $217.0K | 11.81% | +7.51% | 2029-01-23 |
CW Opportunity 2 LP | Technology | Private Fund | $6.20M | $6.00M | $195.0K | — | — | — |
NGC CLO 2 Ltd. | Structured Finance | CLO Equity | $6.19M | $6.19M | $0.00 | — | — | — |
FPL Food LLC | Food & Staples | 1st Lien, Secured Loan | $5.50M | $5.50M | $4.0K | 11.50% | +3.25% | 2027-02-13 |
Greenfire Resources Ltd. | Oil & Gas Exploration & Production | 1st Lien, Secured Bond | $5.48M | $5.10M | $378.0K | 12.00% | — | 2028-10-01 |
Foresight Energy | Metals & Mining | 1st Lien, Secured Loan | $5.41M | $5.90M | -$492.0K | 12.40% | +8.10% | 2027-06-30 |
Del Monte Foods Corp II Inc | Food & Staples | 1st Lien, Secured Loan | $5.36M | $5.36M | $1.0K | — | +8.15% | 2028-08-02 |
Ipsen US Holdings, INC. | Industrial | 1st Lien, Secured Loan | $5.05M | $5.09M | -$36.0K | — | +3.27% | 2029-07-31 |
Mad Engine Global, LLC | Apparel | 1st Lien, Secured Loan | $4.92M | $5.16M | -$242.0K | 11.56% | +7.00% | 2027-07-15 |
W&T Offshore, Inc. | Oil & Gas Exploration & Production | 2nd Lien, Secured Bond | $4.88M | $5.05M | -$164.0K | 10.75% | — | 2029-02-02 |
Form Technologies LLC | Industrial | 1st Lien, Secured Loan | $4.63M | $4.66M | -$26.0K | 10.04% | +5.75% | 2030-04-30 |
Avation Capital SA | Aircraft | 2nd Lien, Secured Bond | $4.54M | $4.41M | $136.0K | 8.25% | — | 2026-10-31 |
Conuma Resources LTD | Metals & Mining | 1st Lien, Secured Bond | $4.42M | $4.52M | -$96.0K | 13.13% | — | 2028-05-01 |
Dynata, LLC (New Insight Holdings, Inc.) | Internet Media | 1st Lien, Secured Loan | $4.40M | $4.76M | -$360.0K | 10.08% | +5.76% | 2028-10-15 |
CSC ServiceWorks | Consumer Services | 1st Lien, Secured Loan | $4.16M | $4.32M | -$155.0K | 8.56% | +4.26% | 2028-03-04 |
Fairbanks Morse Defense (Arcline FM Holdings, LLC) | Defense | 1st Lien, Secured Loan | $3.97M | $3.97M | $2.0K | 8.80% | +4.50% | 2028-06-23 |
Maverick Gaming LLC | Casinos & Gaming | 1st Lien, Secured Loan | $3.91M | $6.35M | -$2.44M | — | +0.00% | 2028-06-03 |
Stone Ridge Opportunities Fund L.P. | Insurance | Private Fund | $3.73M | $2.38M | $1.35M | — | — | — |
Nice-Pak Products Inc. | Consumer Products | Warrants | $3.05M | — | — | — | — | — |
FS KKR CAPITAL CORP | Closed-End Fund | Common Equity | $2.93M | $2.84M | $91.0K | — | — | — |
Vi-Jon | Consumer Products | 1st Lien, Secured Loan | $2.90M | $2.88M | $28.0K | — | +8.26% | 2028-12-28 |
Coreweave Compute Acquisition Co. IV, LLC | Technology | 1st Lien, Secured Loan | $2.90M | $2.85M | $55.0K | 10.31% | +6.00% | 2030-05-16 |
Flexsys Holdings | Chemicals | 1st Lien, Secured Loan | $2.64M | $3.69M | -$1.05M | 9.81% | +5.51% | 2028-11-01 |
Northeast Grocery Inc | Food & Staples | 1st Lien, Secured Loan | $2.64M | $2.65M | -$9.0K | 11.82% | +7.50% | 2028-12-13 |
Ruby Tuesday Operations LLC | Restaurants | 1st Lien, Secured Loan | $2.64M | $2.68M | -$37.0K | — | +6.11% | 2027-02-24 |
Auction.com | Financial Services | 1st Lien, Secured Loan | $2.57M | $2.74M | -$164.0K | 10.25% | +6.00% | 2028-05-26 |
Dynata, LLC (New Insight Holdings, Inc.) | Internet Media | Common Equity | $2.27M | $11.23M | -$8.96M | — | — | — |
PowerStop LLC | Transportation Equipment Manufacturing | 1st Lien, Secured Loan | $2.13M | $2.15M | -$18.0K | 9.17% | +4.75% | 2029-01-26 |
Lyons Magnus, Inc. | Food & Staples | 1st Lien, Secured Loan | $2.09M | $2.15M | -$62.0K | 10.54% | +6.25% | 2027-05-31 |
Elevate Textiles, Inc. | Textiles | 1st Lien, Secured Loan | $2.05M | $1.97M | $80.0K | — | +1.15% | 2027-09-30 |
Inmar Inc. | Consumer Services | 1st Lien, Secured Loan | $1.98M | $1.98M | $6.0K | 9.31% | +5.00% | 2031-10-24 |
TruGreen LP | Consumer Services | 1st Lien, Secured Loan | $1.67M | $1.72M | -$43.0K | 8.42% | +4.10% | 2027-11-02 |
First Brands, Inc. | Transportation Equipment Manufacturing | 1st Lien, Secured Loan | $1.65M | $1.77M | -$122.0K | 9.55% | +5.26% | 2027-03-30 |
Advancion | Chemicals | 2nd Lien, Secured Loan | $1.53M | $1.54M | -$7.0K | 12.17% | +7.85% | 2028-11-24 |
Lummus Technology Holdings | Chemicals | Unsecured Bond | $1.49M | $1.29M | $201.0K | 9.00% | — | 2028-07-01 |
Maverick Gaming LLC | Casinos & Gaming | 1st Lien, Secured Loan | $1.48M | $1.48M | $0.00 | 11.81% | +7.50% | 2028-06-03 |
Nice-Pak Products Inc. | Consumer Products | Promissory Note | $1.45M | — | — | — | — | — |
Thryv, Inc. | Marketing Services | 1st Lien, Secured Loan | $1.41M | $1.38M | $26.0K | 11.07% | +6.75% | 2029-05-01 |
New Wilkie Energy Pty Limited | Metals & Mining | 2nd Lien, Secured Loan | $1.37M | $4.97M | -$3.60M | — | — | — |
New Wilkie Energy Pty Limited | Metals & Mining | 1st Lien, Secured Loan | $1.27M | $1.22M | $45.0K | — | — | 2027-02-20 |
Victra Holdings, LLC | Retail | 1st Lien, Secured Loan | $1.19M | $1.20M | -$6.0K | 8.55% | +4.25% | 2029-03-31 |
Confluence Technologies | Technology | 1st Lien, Secured Bond | $977.0K | $987.0K | -$10.0K | 8.20% | +3.90% | 2028-07-31 |
TPC Group Inc | Chemicals | 1st Lien, Secured Loan | $929.0K | $936.0K | -$7.0K | 9.95% | +5.75% | 2031-11-22 |
Spencer Spirit IH LLC | Retail | 1st Lien, Secured Loan | $901.0K | $889.0K | $12.0K | 9.06% | +4.75% | 2031-07-15 |
Brightline East, LLC | Transportation | 1st Lien, Secured Bond | $793.0K | $805.0K | -$12.0K | 11.00% | — | 2030-01-31 |
TruGreen LP | Consumer Services | 2nd Lien, Secured Loan | $789.0K | $721.0K | $68.0K | 13.05% | +8.76% | 2028-11-02 |
Dynata, LLC (New Insight Holdings, Inc.) | Internet Media | 1st Lien, Secured Loan | $787.0K | $782.0K | $5.0K | 9.58% | +5.26% | 2028-07-15 |
Ruby Tuesday Operations LLC | Restaurants | 1st Lien, Secured Loan | $776.0K | $780.0K | -$4.0K | — | +0.00% | 2027-02-24 |
SIRVA Worldwide Inc | Business Services | 1st Lien, Secured Loan | $686.0K | $693.0K | -$7.0K | 12.30% | +8.00% | 2029-02-20 |
Ruby Tuesday Operations LLC | Restaurants | Warrants | $443.0K | — | — | — | — | — |
Blue Ribbon, LLC | Food & Staples | 1st Lien, Secured Loan | $359.0K | $353.0K | $6.0K | 10.56% | +6.00% | 2028-05-07 |
Blue Ribbon, LLC | Food & Staples | 1st Lien, Secured Loan | $238.0K | $237.0K | $1.0K | 12.29% | +8.00% | 2028-05-07 |
Blackstone Secured Lending Fund | Closed-End Fund | Common Equity | $194.0K | $182.0K | $12.0K | — | — | — |
New Wilkie Energy Pty Limited | Metals & Mining | 1st Lien, Secured Loan | $126.0K | $121.0K | $5.0K | — | — | 2027-02-20 |
Main Street Sports Group LLC | Media | 1st Lien, Secured Loan | $94.0K | $96.0K | -$2.0K | 15.00% | — | 2028-01-03 |
SIRVA Worldwide Inc | Business Services | Delayed Draw, Secured Loan | $77.0K | $78.0K | -$1.0K | 12.30% | +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 | — | — | — | — | — | — |
Other Liabilities in Excess of Net Assets | Investments at Fair Value | — | — | — | — | — | — | — |
Universal Fiber Systems | Chemicals | Common Equity | — | — | — | — | — | — |