Great Elm Capital · filed 2024-02-29
Total Fair Value
$724.26M
82 holdings
Unrealized P/L
-$26.21M
-3.49% vs cost
W. Avg Spread
—
debt, FV-weighted
W. Avg Coupon
12.15%
debt, FV-weighted
% First Lien
12.1%
by fair value
Non-Accrual
0
text-detected
Investment Type Allocation
Fair value by type
Industry Concentration
Top 10 industries by fair value
$724M
Total Fair Value
- Unclassified46.8%
- Investments at Fair Value32.8%
- Specialty Finance6.4%
- Insurance2.2%
- Internet Media1.9%
- Consumer Products1.6%
- Oil & Gas Exploration & Production1.6%
- Short-Term Investments1.5%
- Chemicals1.0%
- Energy Services1.0%
- Other industries3.3%
Spread Distribution
Floating-rate debt holdings by 50bp spread bucket
No floating-rate debt in this filing.
All holdings
Sortable, click headers to re-sort
82 of 82
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
TOTAL INVESTMENTS | — | Annual expenses (as a percentage of net assets attributable to common stock): | $241.42M | $250.16M | -$8.74M | — | — | — |
Total Investments excluding Short-Term Investments | Investments at Fair Value | Annual expenses (as a percentage of net assets attributable to common stock): | $230.61M | $239.35M | -$8.74M | — | — | — |
Great Elm Specialty Finance LLC | Specialty Finance | 3100 West End Ave Suite 750 Nashville TN 37203 Specialty Finance Security Subordinated Note Interest Rate 13.00% Initial Acquisition Date 09/01/2023 Maturity 06/30/2026 | $28.73M | $28.73M | $0.00 | 13.00% | — | 2026-06-30 |
Great Elm Specialty Finance LLC | Specialty Finance | 3100 West End Ave Suite 750 Nashville TN 37203 Specialty Finance Security Common Equity Initial Acquisition Date 09/01/2023 | $17.48M | $17.57M | -$90.0K | — | — | — |
American Coastal Insurance Corp. | Insurance | 800 2nd Avenue S.Saint Petersburg FL 33701 Insurance Security Unsecured Bond Interest Rate 7.25% Initial Acquisition Date 12/20/2022 Maturity 12/15/2027 | $12.97M | $8.08M | $4.89M | 7.25% | — | 2027-12-15 |
First Brands Inc.3255 West Hamlin Road Rochester Hills MI 48309 Transportation Equipment Manufacturing Security 2nd Lien Secured Loan Interest Rate 6M SOFR + 8.50% 9.50% Floor (14.38%) Initial Acquisition Date 03/24/2021 Maturity 03/30/2028 | — | — | $12.33M | $12.21M | $115.0K | 14.38% | — | — |
Short-Term Investments MFB Northern Inst Funds Treas Portfolio Premier CL | Short-Term Investments | Money Market | $10.81M | $10.81M | $0.00 | 0.00% | — | — |
Total Short-Term Investments | — | Annual expenses (as a percentage of net assets attributable to common stock): | $10.81M | $10.81M | $0.00 | — | — | — |
NICE-PAK Products, Inc. Two Nice-Pak Park Orangeburg, NY 10962 | Consumer Products | Secured Loan B | $9.33M | $9.22M | $109.0K | 19.25% | — | — |
Research Now Group Inc 5800 Tennyson Parkway Suite 600 Plano TX 75024 | Internet Media | 1st Lien Secured Revolver | $9.00M | $10.00M | -$997.0K | 10.11% | — | — |
Vi-Jon 8800 Page Avenue St. Louis | — | MO 63114 Consumer Products Security 1st Lien Secured Loan Interest Rate 1M SOFR + 8.00% 10.50% Floor (13.47%) Initial Acquisition Date 12/28/2023 Maturity 12/28/2028 | $8.73M | $8.73M | $0.00 | 13.47% | — | — |
Universal Fiber Systems 640 State Street Bristol TN 37620 Chemicals Security Term Loan B Interest Rate 1M SOFR + 12.95% 13.95% Floor (18.42%) (9.42% cash + 9.00% PIK) Initial Acquisition Date 09/30/2021 Maturity 09/29/2026 | — | — | $7.85M | $7.79M | $64.0K | 18.42% | — | — |
Coreweave Compute Acquisition Co II LLC | — | 101 Eisenhower Parkway Suite 106 Roseland NJ 07068 Technology Security 1st Lien Secured Loan Interest Rate 3M SOFR + 8.75%, 8.75% Floor (14.13%) Initial Acquisition Date 07/31/2023 Maturity 07/31/2028 | $7.34M | $7.34M | -$2.0K | 14.13% | — | — |
ProFrac Holdings II LLC 333 Shops Boulevard Suite 301 Weatherford Texas 76087 | Energy Services | 1st Lien Secured Bond | $6.93M | $6.93M | $0.00 | 12.86% | — | — |
Greenfire Resources Ltd. | Oil & Gas Exploration & Production | 205 5th Avenue SW Suite 1900 Calgary AB T2P 2V7 Canada Oil & Gas Exploration & Production 1st Lien, Secured Bond Interest Rate 12.00% Initial Acquisition Date 09/13/2023 Maturity 10/01/2028 | $6.46M | $6.38M | $81.0K | 12.00% | — | 2028-10-01 |
Florida Marine LLC | — | 2360 5th Street Mendeville LA 70471 Shipping Security 1st Lien Secured Loan Interest Rate 1M SOFR + 9.48% 11.48% Floor (14.95%) Initial Acquisition Date 03/17/2023 Maturity 03/17/2028 | $6.37M | $6.26M | $115.0K | 14.95% | — | — |
Lenders Funding LLC | — | 9345 Terresina Dr. Naples FL 34119 Specialty Finance Security 1st Lien, Secured Revolver Interest Rate Prime + 1.25% 1.25% Floor (9.75%) Initial Acquisition Date 09/20/2021 Maturity 01/31/2024 | $6.11M | $6.11M | $0.00 | 9.75% | — | — |
Foresight Energy 211 North Broadway Suite 2600 St. Louis MO 63102 Metals & Mining Security 1st Lien Secured Loan Interest Rate 3M SOFR + 8.00% 9.50% Floor (13.45%) Initial Acquisition Date 07/29/2021 Maturity 06/30/2027 | — | — | $5.97M | $6.00M | -$29.0K | 13.45% | — | — |
Harvey Gulf Holdings LLC | — | 701 Poydras Street Suite 3700 New Orleans LA 70139 Shipping Security Secured Loan B Interest Rate 3M SOFR + 9.08%, 10.08% Floor (14.73%) Initial Acquisition Date 08/10/2022 Maturity 08/10/2027 | $5.03M | $4.82M | $213.0K | 14.73% | — | — |
W&T Offshore, Inc. | Oil & Gas Exploration & Production | 5718 Westheimer Road Suite 700 Houston TX 77057 Oil & Gas Exploration & Production Security 2nd Lien Secured Bond Interest Rate 11.75% Initial Acquisition Date 01/12/2023 Maturity 02/01/2026 | $4.96M | $4.82M | $148.0K | 11.75% | — | 2026-02-01 |
First Brands Inc. | — | 3255 West Hamlin Road Rochester Hills MI 48309 Transportation Equipment Manufacturing Security 1st Lien Secured Loan Interest Rate 6M SOFR + 5.00% 6.00% Floor (10.88%) Initial Acquisition Date 06/09/2023 Maturity 03/30/2027 | $4.93M | $4.84M | $94.0K | 10.88% | — | — |
Flexsys Holdings 260 Springside Drive Akron OH 44333 Chemicals Security 1st Lien Secured Loan Interest Rate 6M SOFR + 5.25% 6.00% Floor (10.86%) Initial Acquisition Date 11/04/2022 Maturity 11/01/2028 | — | — | $4.82M | $4.02M | $799.0K | 10.86% | — | — |
Research Now Group Inc. 5800 Tennyson Parkway Suite 600 Plano TX 75024 | Internet Media | 2nd Lien, Secured Loan | $4.73M | $7.98M | -$3.25M | 15.14% | — | — |
Maverick Gaming LLC 12530 NE 144th Street Kirkland WA 98034 | Casinos & Gaming | 1st Lien Secured Loan | $4.25M | $5.73M | -$1.48M | 13.15% | — | — |
Blue Ribbon LLC | — | 110 E Houston St.San Antonio TX 78205 Food & Staples Security 1st Lien Secured Loan Interest Rate 3M SOFR + 6.00% 6.75% Floor (11.63%) Initial Acquisition Date 02/06/2023 Maturity 05/07/2028 | $4.15M | $3.60M | $555.0K | 11.63% | — | — |
Manchester Acquisition Sub, LLC 251 Little Falls Drive, Wilmington, DE 19808 | Chemicals | 1st Lien Secured Loan | $3.97M | $4.00M | -$34.0K | 11.28% | — | — |
Avation Capital SA 65 Kampong Bahru Road #01-01 Singapore 169370 Aircraft 2nd Lien Secured Bond Interest Rate 8.25% Initial Acquisition Date 02/04/2022 Maturity 10/31/2026 | Aircraft | Annual expenses (as a percentage of net assets attributable to common stock): | $3.96M | $4.23M | -$274.0K | 8.25% | — | 2026-10-31 |
Blackstone Secured Lending 345 Park Avenue New York NY 10154 Closed-End Fund Common Stock Initial Acquisition Date 08/18/2022 | Investments at Fair Value | Annual expenses (as a percentage of net assets attributable to common stock): | $3.87M | $3.34M | $533.0K | — | — | — |
APTIM Corp | Industrial | 4171 Essen Lane Baton Rouge LA 70809 Industrial Security 1st Lien Secured Bond Interest Rate 7.75% Initial Acquisition Date 03/28/2019 Maturity 06/15/2025 | $3.72M | $3.45M | $266.0K | 7.75% | — | 2025-06-15 |
New Wilkie Energy Pty Limited 56 Pitt Street Sydney New South Wales 2000 Australia | Metals & Mining | 1st Lien Secured Loan | $3.57M | $4.82M | -$1.25M | 17.84% | — | — |
Stone Ridge Opportunities Fund L.P. | Insurance | One Vanderbilt Ave., 65th Floor New York NY 10017 Insurance Security Private Fund Acquisition Date 1/01/2023 | $3.05M | $2.38M | $671.0K | — | — | — |
Eagle Point Credit Company Inc | Investments at Fair Value | 600 Steamboat Road Suite 202 Greenwich CT 06830 Closed-End Fund Common Stock Initial Acquisition Date 08/18/2022 | $2.90M | $3.24M | -$336.0K | — | — | — |
Vantage Specialty Chemicals, Inc. | — | 1751 Lake Cook Rd., Suite 550 Deerfield IL 60015 Chemicals Security 1st Lien Secured Loan Interest Rate 1M SOFR + 4.75% 5.25% Floor (10.11%) Initial Acquisition Date 03/03/2023 Maturity 10/26/2026 | $2.85M | $2.89M | -$43.0K | 10.11% | — | — |
Universal Fiber Systems 640 State Street Bristol TN 37620 Chemicals Security Term Loan C Interest Rate 1M SOFR + 12.95%, 13.95% Floor (18.42%), (9.42% cash + 9.00% PIK) Initial Acquisition Date 09/30/2021 Maturity 09/29/2026 | — | — | $2.82M | $3.00M | -$174.0K | 18.42% | — | — |
Lummus Technology Holdings 5825 N. Sam Houston Parkway West #600 Houston TX 77086 Chemicals Security Unsecured Bond Interest Rate 9.00% Initial Acquisition Date 05/17/2022 Maturity 07/01/2028 | Chemicals | Annual expenses (as a percentage of net assets attributable to common stock): | $2.39M | $2.09M | $298.0K | 9.00% | — | 2028-07-01 |
Mad Engine Global, LLC 6740 Cobra Way San Diego, CA, 92121 | Apparel | 1st Lien Secured Loan | $2.01M | $2.78M | -$776.0K | 12.61% | — | — |
Summit Midstream Holdings LLC | Energy Midstream | 910 Louisiana Street Suite 4200 Houston TX 77002 Energy Midstream Security 2nd Lien Secured Bond Interest Rate 9.00% Acquisition Date 10/19/2021 Maturity 10/15/2026 | $2.00M | $1.91M | $91.0K | 9.00% | — | 2026-10-15 |
SCIH Salt Holdings Inc | — | 1875 Century Park East Suite 320 Los Angeles CA 90067 Food & Staples Security 1st Lien Secured Loan Interest Rate 1M SOFR + 4.00% 4.75% Floor (9.47%) Initial Acquisition Date 06/21/2023 Maturity 03/16/2027 | $1.98M | $1.95M | $32.0K | 9.47% | — | — |
ADS Tactical, Inc. | — | 621 Lynnhaven Parkway Suite 160 Virginia Beach, VA 23452 Defense Security 1st Lien, Secured Loan Interest Rate 1M SOFR + 5.75%, 6.75% Floor (11.22%) Initial Acquisition Date 11/28/2023 Maturity 03/19/2026 | $1.95M | $1.96M | -$12.0K | 11.22% | — | — |
Ruby Tuesday Operations LLC | Restaurants | 333 E. Broadway Avenue Maryville TN 37804 Restaurants Security 1st Lien Secured Loan Interest Rate 3M SOFR + 13.50% 14.50% Floor (17.46%) (11.46% cash + 6.00% PIK) Initial Acquisition Date 02/24/2021 Maturity 02/24/2025 | $1.93M | $1.97M | -$44.0K | 17.46% | — | — |
CSC Serviceworks 35 Pinelawn Road Suite 120 Melville NY 11747 Consumer Services Security 1st Lien Secured Loan Interest Rate 3M SOFR + 4.00% 4.75% Floor (9.62%) Initial Acquisition Date 09/26/2023 Maturity 03/04/2028 | — | — | $1.74M | $1.73M | $8.0K | 9.62% | — | — |
Advancion 1500 E Lake Cook Rd Buffalo Grove IL 60089 Chemicals Security 2nd Lien Secured Loan Interest Rate 1M SOFR + 7.75% 8.50% Floor (13.21%) Initial Acquisition Date 09/21/2022 Maturity 11/24/2028 | — | — | $1.52M | $1.52M | $2.0K | 13.21% | — | — |
NICE-PAK Products Inc | Consumer Products | Two Nice-Pak Park Orangeburg NY 10962 Consumer Products Promissory Note Initial Acquisition Date 09/30/2022 Maturity 09/30/2029 | $1.45M | — | — | — | — | 2029-09-30 |
PFS Holdings Corp | Food & Staples | 3747 Hecktown Road Easton PA 18045 Food & Staples 1st Lien Secured Loan Interest Rate 1M SOFR + 7.00% 8.00% Floor (12.46%) Initial Acquisition Date 11/13/2020 Maturity 11/13/2024 | $979.0K | $1.04M | -$65.0K | 12.46% | — | — |
Ruby Tuesday Operations LLC | Restaurants | 333 E. Broadway Avenue Maryville TN 37804 Restaurants Security Warrants Initial Acquisition Date 02/24/2021 | $913.0K | — | — | — | — | — |
Universal Fiber Systems 640 State Street Bristol TN 37620 Chemicals Security Warrants Initial Acquisition Date 09/30/2021 | Chemicals | Annual expenses (as a percentage of net assets attributable to common stock): | $810.0K | — | — | — | — | — |
NICE-PAK Products Inc | Consumer Products | Two Nice-Pak Park Orangeburg NY 10962 Consumer Products Warrants Initial Acquisition Date 09/30/2022 | $701.0K | — | — | — | — | — |
Ruby Tuesday Operations LLC | Restaurants | 333 E. Broadway Avenue Maryville TN 37804 Restaurants Security 1st Lien Secured Loan Interest Rate 1M SOFR + 16.00% 17.25% Floor (21.46%) Initial Acquisition Date 01/31/2023 Maturity 02/24/2025 | $598.0K | $598.0K | $0.00 | 21.46% | — | — |
Harvey Gulf Holdings LLC | — | 701 Poydras Street Suite 3700 New Orleans LA 70139 Shipping Security Secured Loan A Interest Rate 3M SOFR + 4.50% 5.50% Floor (10.14%) Initial Acquisition Date 08/10/2022 Maturity 08/10/2027 | $324.0K | $319.0K | $5.0K | 10.14% | — | — |
PFS Holdings Corp | Food & Staples | 3747 Hecktown Road Easton PA 18045 Food & Staples Common Equity Initial Acquisition Date 11/13/2020 | $88.0K | $12.38M | -$12.29M | — | — | — |
TRU Taj Trust 505 Park Avenue 2nd Floor New York NY 10022 Retail Security Common Equity Acquisition Date 07/21/2017 | Retail | Annual expenses (as a percentage of net assets attributable to common stock): | $54.0K | $611.0K | -$557.0K | — | — | — |
ADS Tactical, Inc. | — | 621 Lynnhaven Parkway Suite 160 Virginia Beach, VA 23452 Defense Security 1st Lien, Secured Loan Interest Rate 1M SOFR | — | — | — | 5.75% | — | — |
Advancion 1500 E Lake Cook Rd Buffalo Grove IL 60089 Chemicals Security 2nd Lien Secured Loan Interest Rate 1M SOFR | — | — | — | — | — | 7.75% | — | — |
Blue Ribbon LLC | — | 110 E Houston St.San Antonio TX 78205 Food & Staples Security 1st Lien Secured Loan Interest Rate 3M SOFR | — | — | — | 6.00% | — | — |
CSC Serviceworks 35 Pinelawn Road Suite 120 Melville NY 11747 Consumer Services Security 1st Lien Secured Loan Interest Rate 3M SOFR | — | — | — | — | — | 4.00% | — | — |
Coreweave Compute Acquisition Co II LLC | — | 101 Eisenhower Parkway Suite 106 Roseland NJ 07068 Technology Security 1st Lien Secured Loan Interest Rate 3M SOFR | — | — | — | 8.75% | — | — |
First Brands Inc. | — | 3255 West Hamlin Road Rochester Hills MI 48309 Transportation Equipment Manufacturing Security 1st Lien Secured Loan Interest Rate 6M SOFR | — | — | — | 5.00% | — | — |
First Brands Inc.3255 West Hamlin Road Rochester Hills MI 48309 Transportation Equipment Manufacturing Security 2nd Lien Secured Loan Interest Rate 6M SOFR | — | — | — | — | — | 8.50% | — | — |
Flexsys Holdings 260 Springside Drive Akron OH 44333 Chemicals Security 1st Lien Secured Loan Interest Rate 6M SOFR | — | — | — | — | — | 5.25% | — | — |
Florida Marine LLC | — | 2360 5th Street Mendeville LA 70471 Shipping Security 1st Lien Secured Loan Interest Rate 1M SOFR | — | — | — | 9.48% | — | — |
Foresight Energy 211 North Broadway Suite 2600 St. Louis MO 63102 Metals & Mining Security 1st Lien Secured Loan Interest Rate 3M SOFR | — | — | — | — | — | 8.00% | — | — |
Harvey Gulf Holdings LLC | — | 701 Poydras Street Suite 3700 New Orleans LA 70139 Shipping Security Secured Loan A Interest Rate 3M SOFR | — | — | — | 4.50% | — | — |
Harvey Gulf Holdings LLC | — | 701 Poydras Street Suite 3700 New Orleans LA 70139 Shipping Security Secured Loan B Interest Rate 3M SOFR | — | — | — | 9.08% | — | — |
Lenders Funding LLC | — | 9345 Terresina Dr. Naples FL 34119 Specialty Finance Security 1st Lien, Secured Revolver Interest Rate Prime | — | — | — | 1.25% | — | — |
Mad Engine Global, LLC 6740 Cobra Way San Diego, CA, 92121 | Apparel | 1st Lien Secured Loan | — | — | — | 7.00% | — | — |
Manchester Acquisition Sub, LLC 251 Little Falls Drive, Wilmington, DE 19808 | Chemicals | 1st Lien Secured Loan | — | — | — | 5.75% | — | — |
Maverick Gaming LLC 12530 NE 144th Street Kirkland WA 98034 | Casinos & Gaming | 1st Lien Secured Loan | — | — | — | 7.50% | — | — |
NICE-PAK Products, Inc. Two Nice-Pak Park Orangeburg, NY 10962 | Consumer Products | Secured Loan B | — | — | — | 13.50% | — | — |
New Wilkie Energy Pty Limited 56 Pitt Street Sydney New South Wales 2000 Australia | Metals & Mining | 1st Lien Secured Loan | — | — | — | 12.50% | — | — |
New Wilkie Energy Pty Limited 56 Pitt Street Sydney New South Wales 2000 Australia | Metals & Mining | Warrants | — | — | — | — | — | — |
Other Liabilities in Excess of Net Assets | — | Annual expenses (as a percentage of net assets attributable to common stock): | — | — | — | — | — | — |
PFS Holdings Corp | Food & Staples | 3747 Hecktown Road Easton PA 18045 Food & Staples 1st Lien Secured Loan Interest Rate 1M SOFR | — | — | — | 7.00% | — | — |
ProFrac Holdings II LLC 333 Shops Boulevard Suite 301 Weatherford Texas 76087 | Energy Services | 1st Lien Secured Bond | — | — | — | 7.25% | — | — |
Research Now Group Inc 5800 Tennyson Parkway Suite 600 Plano TX 75024 | Internet Media | 1st Lien Secured Revolver | — | — | — | 4.50% | — | — |
Research Now Group Inc. 5800 Tennyson Parkway Suite 600 Plano TX 75024 | Internet Media | 2nd Lien, Secured Loan | — | — | — | 9.50% | — | — |
Ruby Tuesday Operations LLC | Restaurants | 333 E. Broadway Avenue Maryville TN 37804 Restaurants Security 1st Lien Secured Loan Interest Rate 3M SOFR | — | — | — | 13.50% | — | — |
Ruby Tuesday Operations LLC | Restaurants | 333 E. Broadway Avenue Maryville TN 37804 Restaurants Security 1st Lien Secured Loan Interest Rate 1M SOFR | — | — | — | 16.00% | — | — |
SCIH Salt Holdings Inc | — | 1875 Century Park East Suite 320 Los Angeles CA 90067 Food & Staples Security 1st Lien Secured Loan Interest Rate 1M SOFR | — | — | — | 4.00% | — | — |
Universal Fiber Systems 640 State Street Bristol TN 37620 Chemicals Security Term Loan B Interest Rate 1M SOFR | — | — | — | — | — | 12.95% | — | — |
Universal Fiber Systems 640 State Street Bristol TN 37620 Chemicals Security Term Loan C Interest Rate 1M SOFR | — | — | — | — | — | 12.95% | — | — |
Vantage Specialty Chemicals, Inc. | — | 1751 Lake Cook Rd., Suite 550 Deerfield IL 60015 Chemicals Security 1st Lien Secured Loan Interest Rate 1M SOFR | — | — | — | 4.75% | — | — |
Vi-Jon 8800 Page Avenue St. Louis | — | MO 63114 Consumer Products Security 1st Lien Secured Loan Interest Rate 1M SOFR | — | — | — | 8.00% | — | — |