Great Elm operates as a capital deployment platform with significant recent capital raises (nearly $250 million) supporting growth initiatives, particularly in industrial real estate through Monomoy Properties. The company benefits from long-duration permanent capital structures that enable patient, illiquid investing while competing in the growing alternative asset management space.
Cyborg Score Rationale
While the company demonstrates solid fundamentals with record Q4 net income ($15.7M) and 24% book value per share growth, its small market cap ($80M) and underperformance versus market indices raise concerns. Recent capital deployment and fund expansion efforts are positive, but scale and investor traction remain constraints.
Top Insights
Recently raised nearly $250M in capital across GEG and its credit/real estate vehicles, positioning for accelerated growth
Book value per share grew 24% to $2.65 (as of June 30, 2025), indicating solid underlying asset appreciation
Operates diversified platform spanning corporate credit, specialty finance, industrial real estate, and alternative strategies
Small public market cap ($80M) with underperformance versus broader markets suggests limited institutional adoption relative to sector peers
Named Competitors
Apollo Global Management — Large-cap alternative asset manager across credit, PE, and real estate
Ares Management — Diversified alternative asset manager with credit and real estate platforms
Great Elm Capital Corp. — Business development company focused on corporate credit
Recent Developments
(February 2026) Q2 2026 earnings announcement scheduled for early February results
(November 2025) Record fourth quarter net income of $15.7M from continuing operations announced
(May 2025) Q3 2025 results showed book value per share of $2.65 (up 24% year-over-year) with continued capital raises
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