DFX Intelligence
Private Credit Intelligence
The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.
BDC portfolio
Great Elm Capital Corp.
BDCGECC, GECCG, GECCH, GECCICIK 1675033file 814-01211PALM BEACH GARDENS, FLmanaged by GREAT ELM CAPITAL MANAGEMENT, LLC
Fair value
$272M
as of Jun 30, 2026
Principal held
$243M
debt pieces, the filer's figure
Cost
$345M
79c on cost
Unfunded
$6.1M
commitments not yet drawn
Positions
110
66 borrowers
First lien
51%
91% debt by fair value
Quarters on the tape
15
since Dec 31, 2022
Facilities held
81
3 sponsors financed
Portfolio through time
Fair value by quarter end$272M as of Jun 30, 2026
Dec 31, 2022$908M then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $272M | 66 | 83c | 11 | 622 bp |
| Mar 31, 2026 | $277M | 61 | 83c | 10 | 648 bp |
| Dec 31, 2025 | $387M | 68 | 86c | 10 | 659 bp |
| Sep 30, 2025 | $474M | 62 | 94c | 12 | 723 bp |
| Jun 30, 2025 | $403M | 55 | 101c | 12 | 742 bp |
| Mar 31, 2025 | $684M | 58 | 99c | 9 | 610 bp |
| Dec 31, 2024 | $1.3B | 57 | 101c | 12 | 710 bp |
| Sep 30, 2024 | $963M | 62 | 101c | 8 | n/a |
| Jun 30, 2024 | $762M | 52 | 98c | 7 | n/a |
| Mar 31, 2024 | $814M | 53 | 99c | 5 | n/a |
| Dec 31, 2023 | $767M | 47 | 100c | 5 | n/a |
| Sep 30, 2023 | $709M | 91 | 98c | 5 | n/a |
| Jun 30, 2023 | $944M | 101 | 97c | 6 | n/a |
| Mar 31, 2023 | $923M | 114 | 96c | 5 | n/a |
| Dec 31, 2022 | $908M | 126 | 93c | 5 | n/a |
Each quarter end is the schedule as filed for that instant; a restated year end is taken from the latest filing that carries it.
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
Counted at BDC level here; the adviser page counts across every BDC it manages. A sponsor named by Form D signer consensus is an inference.
What changed
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- PIK interest appearsJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- New borrower on a BDC scheduleMar 31, 2026
- New borrower on a BDC scheduleMar 31, 2026
- New lender joined a facilityMar 31, 2026
- New borrower on a BDC scheduleMar 31, 2026
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
Largest facilities held, with co-lenders
- Great Elm Specialty Finance, LLC unsecured or subordinated notes1 BDC hold it · matures Jun 30, 2029$28.9M 100c
- First Brands Group, LLC second lien term loan4 BDCs hold it · matures Mar 30, 2028$16.2M 0c
- CoreWeave Compute Acquisition Co. IV, LLC first lien term loan5 BDCs hold it · matures May 16, 2030$12.0M 104c
- Vivos Holdings, LLC second lien term loan1 BDC hold it · matures Feb 13, 2031$10.7M 102c
- Maverick Gaming LLC first lien term loan1 BDC hold it · matures Jun 3, 2028$8.0M 16c
- The San Diego Union-Tribune, LLC first lien term loan1 BDC hold it · matures Apr 22, 2029$8.0M 100c
- NY Daily News Enterprises, LLC first lien term loan1 BDC hold it · matures Feb 4, 2029$7.0M 100c
- Dorel Industries Inc first lien term loan2 BDCs hold it · matures Sep 30, 2030$6.9M 98c
- American Coastal Insurance Corp unsecured or subordinated notes1 BDC hold it · matures Dec 15, 2027$6.0M 127c
- Flexsys Cayman Holdings, LP first lien term loan2 BDCs hold it · matures Aug 1, 2029$6.0M 11c
- Ipsen US Holdings, Inc first lien term loan1 BDC hold it · matures Jul 31, 2029$5.8M 99c
- Foresight first lien term loan1 BDC hold it · matures Jun 30, 2027$5.8M 95c
Schedule of investments at Jun 30, 2026
110 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| CLO Formation JV, LLC Structured finance (CLO) | notes unsecured or subordinated | $166 | $37.6M 72c | ||
| Great Elm Specialty Finance, LLC Specialty Finance Security Subordinated Note | notes unsecured or subordinated | $28.9M | $28.9M 100c | 13.00% | Jun 30, 2029 |
| Great Elm Specialty Finance, LLC Specialty Finance Security Common Equity Initial | equity equity | $87,500 | $11.6M 68c | ||
| Vivos Holdings, LLC Consumer Products Security 2nd Lien, Secured Loan | term loan second lien | $10.7M | $10.9M 102c | SOFR+1000 bp PIK 13.64% | Feb 13, 2031 |
| Coreweave Compute Acquisition Co. II, LLC Technology Security 1st Lien, Secured Loan | term loan first lien | $9.9M | $10.2M 104c | SOFR+962 bp | Jul 31, 2028 |
| The San Diego Union-Tribune, LLC Media Security 1st Lien, Secured Loan | term loan first lien | $8.0M | $8.0M 100c | 9.00% | Apr 22, 2029 |
| NY Daily News Enterprises, LLC Media Security 1st Lien, Secured Loan | term loan first lien | $7.0M | $7.0M 100c | Feb 4, 2029 | |
| Dorel Industries Inc. Consumer Products Security 1st Lien, Secured Loan | term loan first lien | $6.9M | $6.5M 98c | SOFR+1117 bp PIK 2.50% | Sep 30, 2030 |
| NGC CLO 2 Ltd. Structured finance (CLO) | notes lien unstated | $7,410 | $6.3M 101c | ||
| CW Opportunity 2 LP Technology Security Private Fund Initial | unstated lien unstated | $3.4M | $6.1M 183c | ||
| American Coastal Insurance Corp. Insurance Security Unsecured Bond | notes unsecured or subordinated | $6.0M | $6.0M 127c | 6.25% | Dec 15, 2027 |
| Ipsen US Holdings, Inc. Industrial Security 1st Lien, Secured Loan | term loan first lien | $5.8M | $5.6M 99c | SOFR+1201 bp PIK 8.71% | Jul 31, 2029 |
| Foresight Energy | term loan first lien | $5.8M | $5.5M 95c | SOFR+800 bp | Jun 30, 2027 |
| ProFrac Holdings II, LLC Energy Services Security 1st Lien, Secured Bond | term loan first lien | $5.2M | $5.1M 99c | SOFR+725 bp | Jan 23, 2029 |
| Vivos Holdings, LLC Consumer Products Security 1st Lien, Secured Loan | term loan first lien | $4.7M | $4.7M 100c | SOFR+600 bp | Aug 13, 2030 |
| FPL Food LLC Food & Staples Security 1st Lien, Secured Loan | term loan first lien | $4.0M | $4.0M 100c | Prime+325 bp | Feb 13, 2027 |
| SCIH Salt Holdings Inc. Food & Staples Security 1st Lien, Secured Loan | term loan first lien | $4.0M | $4.0M 100c | SOFR+275 bp | Jan 31, 2029 |
| MFB Northern Inst Funds Treas Portfolio Premier CL Short-Ter | unstated lien unstated | $4.0M | $4.0M 100c | ||
| Ryan, LLC Business Services Security 1st Lien, Secured Loan | term loan first lien | $4.0M | $4.0M 99c | SOFR+350 bp | Nov 5, 2032 |
| ACTIV8 Health, LLC Insurance Security 1st Lien, Secured Loan | term loan first lien | $3.7M | $3.7M 101c | SOFR+575 bp | Feb 3, 2031 |
| Universal Fiber Systems Chemicals Security Preference Shares Initial | equity equity | $46,573 | $3.6M 85c | ||
| Commercial Vehicle Group, Inc. Transportation Equipment Manufacturing Security 1st Lien, Secured Loan | term loan first lien | $3.6M | $3.6M 103c | SOFR+975 bp | Jun 27, 2030 |
| Form Technologies LLC Industrial Security 1st Lien, Secured Loan | term loan first lien | $3.7M | $3.6M 98c | SOFR+575 bp | Jul 19, 2030 |
| Trouvaille Re Ltd. Insurance Security Preference Shares Initial | equity equity | $100 | $3.5M 109c | ||
| NTI Buyer, LLC Wireless Telecommunication Services Security 1st Lien, Secured Loan | term loan first lien | $3.0M | $3.0M 100c | SOFR+425 bp | Jul 1, 2033 |
| Alpha Edison Quantum II, LLC Technology Security Common Equity Initial | equity equity | $2.9M | $2.9M 100c | ||
| Universal Fiber Systems Chemicals Security Class A-1 Common Initial | equity equity | $53,833 | $2.9M | ||
| DS Admiral Bidco, LLC Technology Security 1st Lien, Secured Loan | term loan first lien | $3.0M | $2.8M 97c | SOFR+425 bp | Jun 26, 2031 |
| CoreWeave Financing DDTL V, LLC Technology Security 1st Lien, Delayed Draw Term Loan | delayed draw term loan first lien | $2.7M | $2.8M 109c | SOFR+450 bp | Nov 14, 2031 |
| Advancion Chemicals Security 1st Lien, Secured Loan | term loan first lien | $3.0M | $2.7M 92c | SOFR+400 bp | Nov 24, 2027 |
| Ruby Tuesday Operations LLC Restaurants Security 1st Lien, Secured Loan | term loan first lien | $2.6M | $2.6M 98c | SOFR+1200 bp PIK 15.73% | Feb 24, 2027 |
| Northeast Grocery Inc Food & Staples Security 1st Lien, Secured Loan | term loan first lien | $2.5M | $2.5M 99c | SOFR+750 bp | Dec 13, 2028 |
| Universal Fiber Systems Chemicals Security 1st Lien, Secured Loan | term loan first lien | $2.5M | $2.5M 100c | SOFR+800 bp PIK 2.00% | Sep 30, 2028 |
| Walor North America, Inc Industrial Security 1st Lien, Secured Revolver | revolver first lien | $2.5M | $2.5M 100c | SOFR+425 bp | May 29, 2029 |
| VCI Asset Holdings 2 LLC Technology Security 1st Lien, Secured Loan | term loan first lien | $2.2M | $2.3M 104c | 7.38% | Feb 13, 2031 |
| Inmar Inc. Consumer Services Security 1st Lien, Secured Loan | term loan first lien | $2.5M | $2.2M 89c | SOFR+450 bp | Oct 30, 2031 |
| TruGreen LP Consumer Services Security 1st Lien, Secured Loan | term loan first lien | $2.3M | $2.2M 97c | SOFR+400 bp | Nov 2, 2027 |
| Coreweave Compute Acquisition Co. IV, LLC Technology Security 1st Lien, Secured Loan | term loan first lien | $2.1M | $2.1M 104c | SOFR+600 bp | May 16, 2030 |
| EagleView Technology Corp Technology Security 1st Lien, Secured Loan | term loan first lien | $2.2M | $2.1M 97c | SOFR+650 bp PIK 1.00% | Aug 14, 2028 |
| Vivos Holdings, LLC Consumer Products Security Promissory Note | notes lien unstated | $2.1M | $2.1M 100c | PIK 4.50% | Aug 13, 2032 |
| Trident TPI Holding, Inc. Packaging Security Unsecured Bond | notes unsecured or subordinated | $2.0M | $2.0M 99c | 12.75% | Dec 31, 2028 |
| PFI Lower Midco LLC Food & Staples Security 1st Lien, Secured Loan | term loan first lien | $2.0M | $2.0M 101c | SOFR+400 bp | Dec 1, 2032 |
| JFL-Tiger Acquisition Co Inc Environmental Services Security 1st Lien, Secured Loan | term loan first lien | $2.0M | $2.0M 100c | SOFR+300 bp | Oct 17, 2030 |
| ECL Entertainment, LLC Casinos & Gaming Security 1st Lien, Secured Loan | term loan first lien | $2.0M | $2.0M 100c | SOFR+300 bp | Aug 31, 2030 |
| CoreWeave Inc. Technology Security Unsecured Bond | notes unsecured or subordinated | $2.0M | $2.0M 99c | 9.63% | Jul 15, 2032 |
| Elevate Textiles, Inc. Textiles Security 1st Lien, Secured Loan | term loan first lien | $2.6M | $2.0M 84c | SOFR+650 bp PIK 5.50% | Sep 30, 2027 |
| Walor North America, Inc Industrial Security 1st Lien, Secured Loan | term loan first lien | $1.8M | $1.8M 100c | SOFR+600 bp | May 29, 2029 |
| CMI Marketing, Inc. Marketing Services Security 1st Lien, Secured Loan | term loan first lien | $1.9M | $1.8M 96c | SOFR+425 bp | Mar 23, 2028 |
| Auction.com Financial Services Security 1st Lien, Secured Loan | term loan first lien | $2.0M | $1.8M 92c | SOFR+600 bp | May 26, 2028 |
| MajorDrive Holdings IV, LLC Consumer Products Security Unsecured Bond | notes unsecured or subordinated | $2.0M | $1.7M 109c | 6.38% | Jun 1, 2029 |
| PowerStop LLC Transportation Equipment Manufacturing Security 1st Lien, Secured Loan | term loan first lien | $1.6M | $1.5M 97c | SOFR+450 bp | Jan 26, 2029 |
| ITG Communications LLC Industrial Security 1st Lien, Secured Loan | term loan first lien | $1.5M | $1.4M 100c | SOFR+475 bp | Jul 9, 2031 |
| Conuma Resources LTD Metals & Mining Security 1st Lien, Secured Bond | term loan first lien | $1.4M | $1.4M 103c | 13.13% | May 1, 2028 |
| Victra Holdings, LLC Retail Security 1st Lien, Secured Loan | term loan first lien | $1.3M | $1.3M 99c | SOFR+375 bp | Mar 31, 2029 |
| TruGreen LP Consumer Services Security 2nd Lien, Secured Loan | term loan second lien | $1.4M | $1.2M 99c | SOFR+850 bp | Nov 2, 2028 |
| Thryv, Inc. Marketing Services Security 1st Lien, Secured Loan | term loan first lien | $1.2M | $1.2M 99c | SOFR+675 bp | May 1, 2029 |
| Goodnight Water Solutions, LLC Energy Midstream Security 1st Lien, Secured Loan | term loan first lien | $997,000 | $999,000 101c | SOFR+400 bp | Jun 4, 2029 |
| Natus Medical Inc Healthcare Security 1st Lien, Secured Loan | term loan first lien | $1.0M | $993,000 99c | SOFR+525 bp | Jul 20, 2029 |
| Champions Financing Inc. Automobiles Security 1st Lien, Secured Bond | term loan first lien | $1.0M | $972,000 101c | 8.75% | Feb 15, 2029 |
| MajorDrive Holdings IV, LLC Consumer Products Security 1st Lien, Secured Loan | term loan first lien | $995,000 | $953,000 104c | SOFR+400 bp | Jun 1, 2028 |
| Trident TPI Holding, Inc. Packaging Security 1st Lien, Secured Loan | term loan first lien | $995,000 | $952,000 101c | SOFR+375 bp | Sep 18, 2028 |
| IPL Schoeller Packaging Security 1st Lien, Secured Bond | term loan first lien | $1.0M | $943,000 106c | 9.50% | May 15, 2030 |
| Confluence Technologies Technology Security 1st Lien, Secured Loan | term loan first lien | $1.1M | $898,000 89c | SOFR+375 bp | Jul 31, 2028 |
| Maverick Gaming LLC Casinos & Gaming Security Jr. DIP Initial | term loan first lien | $1.6M | $697,000 45c | Oct 15, 2026 | |
| Maverick Gaming LLC Casinos & Gaming Security Sr. DIP Loan | term loan first lien | $692,000 | $692,000 100c | SOFR+1250 bp PIK 16.14% | Oct 15, 2026 |
| Del Monte Foods Corp II Inc Food & Staples Security Jr. DIP Loan Initial | term loan first lien | $2.5M | $680,000 27c | Sep 30, 2026 | |
| Flexsys Cayman Holdings, LP Chemicals Security 1st Lien, Secured Loan | term loan first lien | $6.0M | $598,000 11c | SOFR+525 bp | Aug 1, 2029 |
| Commercial Vehicle Group, Inc. Transportation Equipment Manufacturing Security Tranche 2 Warrants Initial | warrants equity | $103,547 | $279,000 | ||
| Commercial Vehicle Group, Inc. Transportation Equipment Manufacturing Security Tranche 1 Warrants Initial | warrants equity | $103,547 | $260,000 | ||
| VCI Intermediate TopCo 2 LLC Technology Security Private Fund Initial | unstated lien unstated | $228,400 | $230,000 108c | ||
| New Wilkie Energy Pty Limited Metals & Mining Security 1st Lien, Secured Loan Initial | term loan first lien | $1.3M | $190,000 15c | Feb 20, 2027 | |
| Ruby Tuesday Operations LLC Restaurants Security 1st Lien, Secured Loan | term loan first lien | $186,000 | $184,000 99c | SOFR+1600 bp PIK 19.73% | Feb 24, 2027 |
| Vivos Holdings, LLC Consumer Products Security Warrants Initial | warrants equity | $592 | $171,000 | ||
| New Wilkie Energy Pty Limited Metals & Mining Security 1st Lien, Secured Loan Initial | term loan first lien | $114,000 | $114,000 111c | Feb 20, 2027 | |
| Dorel Industries Inc. Consumer Products Security Warrants Initial | warrants equity | $95,122 | $110,000 | ||
| Ruby Tuesday Operations LLC Restaurants Security Warrants Initial | warrants equity | $311,697 | $108,000 | ||
| Vivos Holdings, LLC Consumer Products Security Promissory Note | notes lien unstated | $96,000 | $96,000 74c | PIK 9.00% | Aug 13, 2032 |
| TRU Taj Trust Retail Security Common Equity Initial | equity equity | $16,000 | $84,000 14c | ||
| First Brands, Inc. Transportation Equipment Manufacturing Security 2nd Lien, Secured Loan Initial | term loan second lien | $16.2M | $6,000 0c | Mar 30, 2028 | |
| First Brands, Inc. Transportation Equipment Manufacturing Security 1st Lien, Secured Loan Initial | term loan first lien | $2.2M | $1,000 0c | Mar 30, 2027 | |
| Interest rate floor of 0.75% | unstated lien unstated | n/a | n/a | ||
| Universal Fiber Systems Chemicals Security Common Equity Initial | equity equity | $41,687 | n/a n/a | ||
| Dynata, LLC | warrants equity | n/a | n/a | ||
| Interest rate floor of 0.50% | unstated lien unstated | n/a | n/a | ||
| Universal Fiber Systems Chemicals Security Common Equity Initial | equity equity | $976 | n/a | ||
| New Wilkie Energy Pty Limited Metals & Mining Security 2nd Lien, Secured Loan Initial | term loan second lien | $4.2M | n/a n/a | ||
| Maverick Gaming LLC Casinos & Gaming Security 1st Lien, Secured Loan Initial | term loan first lien | $5.7M | n/a n/a | Jun 3, 2028 | |
| Ruby Tuesday | warrants equity | n/a | n/a | ||
| Three-month | unstated lien unstated | n/a | n/a | ||
| Interest rate floor of 1.50% | unstated lien unstated | n/a | n/a | ||
| Dorel Industries Inc. | warrants equity | n/a | n/a | ||
| Prime | unstated lien unstated | n/a | n/a | ||
| Activ8 Health, LLC | unstated lien unstated | n/a | n/a | ||
| Commercial Vehicle Group, Inc. | warrants equity | n/a | n/a | ||
| Vivos | warrants equity | n/a | n/a | ||
| Del Monte Foods Corp II Inc Food & Staples Security 1st Lien, Secured Loan Initial | term loan first lien | $2.0M | n/a n/a | Aug 2, 2028 | |
| Interest rate floor of 2.00% | unstated lien unstated | n/a | n/a | ||
| Del Monte Foods Corp II Inc Food & Staples Security 1st Lien, Secured Loan Initial | term loan first lien | $264,000 | n/a n/a | Aug 2, 2028 | |
| Interest rate floor of 2.50% | unstated lien unstated | n/a | n/a | ||
| Interest rate floor of 1.00% | unstated lien unstated | n/a | n/a |
Page 1 of 2Next
Registration
- Fiscal year end
- 1231reported
- Incorporated
- MDreported
- On the SEC BDC report
- 2018 to 2025reported
- Filings listed
- 19reported10-Q and 10-K since 2022
- Latest schedule
- 0001193125-26-335023reported