Great Elm Capital
800 South Street, Suite 230, Waltham, MA, 02453, United States
Overview
Great Elm Capital is an externally managed business development company that invests in the debt instruments of middle-market companies. The company seeks to generate current income and capital appreciation through debt and equity investments and invests primarily in senior secured and senior unsecured debt instruments, as well as in junior loans and mezzanine debt of middle-market companies and small businesses.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 4
Sector focus
- Financial Services
- Impact Investing
- Management Information Systems
- Small and Medium Businesses
Investment portfolio
- CoreWeave
Participated · Debt Financing · May 2024
CoreWeave operates an AI cloud platform providing high-performance, GPU-backed computing infrastructure to enterprise customers. The company is rapidly expanding its infrastructure footprint to meet accelerating demand for AI compute and has secured significant capital commitments to support that growth. Most recently it closed an $8.5 billion delayed draw term loan facility that is investment-grade rated and improves its cost of capital. CoreWeave reported roughly $28 billion in combined equity and debt financing commitments over the past year, reflecting strong institutional interest. The company plans to use the new financing to fulfill previously contracted cloud services and continue scaling its AI infrastructure.