Great Elm Capital has filed a notice of a Private Investment in Public Equity (PIPE) offering of securities to raise $24 Million in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, Great Elm Capital is raising $24,000,000.00 in new funding. About Great Elm Capital: Great Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment. It typically makes equity investments between $3 million and $10 million in companies with revenues between $3 million and $75 million. Great Elm Capital Corp.’s investment objective is to generate current income and capital appreciation operating as a business development company (BDC). We seek to generate durable risk adjusted returns from cash-generating investments to pay dividends to shareholders and compound asset value through capital appreciation.
To learn more about Great Elm Capital, visit http://www.greatelmcc.com/
Contact:
Matthew Kaplan, Chief Executive Officer
617-375-3006
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