Great Elm Capital Management manages investment portfolios for business development companies and private investment funds. Great Elm invests in debt instruments, equity securities, and derivatives, including credit default swaps, in both international and domestic markets. Investment strategies are tailored to each client's objectives, as outlined in their offering documents. Investors do not participate in individual investment decisions.
Fee Structure
Great Elm manages investments for business development companies and private funds, charging a combination of management fees and performance-based fees.
For the business development company, Great Elm receives a quarterly management fee equal to 1.50% annually of the gross asset value. There is also an incentive fee based on income and capital gains.
For the private fund, Great Elm receives a monthly management fee equal to 1.25% of the net asset value of the fund. The General Partner is also entitled to receive quarterly performance allocations of up to 12.50% on net investment income and annual performance allocations of up to 12.50% on realized capital gains.