Great Elm Group, Inc. is a publicly traded alternative asset management company that manages a diversified portfolio of long duration and permanent capital vehicles across credit, real estate, specialty finance, and other alternative strategies. As of June 30, 2025 the combined assets under management of its investment management subsidiaries were approximately $758.5 million. The firm seeks to generate recurring free cash flows through its investment management subsidiaries…
Great Elm Group, Inc. is a publicly traded alternative asset management company that manages a diversified portfolio of long duration and permanent capital vehicles across credit, real estate, specialty finance, and other alternative strategies. As of June 30, 2025 the combined assets under management of its investment management subsidiaries were approximately $758.5 million. The firm seeks to generate recurring free cash flows through its investment management subsidiaries and related assets.
The company generates revenue primarily through investment management fees earned by its subsidiaries GECM and MCRE, which include management fees, property management fees, incentive fees, and administration fees calculated on assets under management, rent collected, investment performance, and allocable expenses. Additionally, its build to suit subsidiary MBTS earns income from leasing land parcels and from the sale of completed developments with attached leases. The firm also receives dividend income from its ownership interests in GECC and Monomoy UpREIT, which it may sell to redeploy capital into higher yielding opportunities.
The company operates through the following segments.
- Investment Management: This segment provides investment advisory services to private funds such as GECC, Monomoy UpREIT, and Monomoy Properties REIT LLC, earning fees based on assets under management, rent collected, investment performance, and administrative expenses.
- Build to Suit: This segment acquires land, constructs improvements, enters into lease agreements as lessor, and seeks to sell the land and improvements with attached leases upon or after lease commencement. This activity generates rental income and potential capital gains from the sale of the leased property.
Great Elm Group, Inc. competes in the alternative asset management industry against larger global asset managers, investment banks, commercial banks, private equity funds, sovereign wealth funds, and state owned enterprises. Its competitive advantages stem from a focus on niche strategies such as single tenant industrial outdoor storage and build to suit real estate, combined with the expertise of its board and employees and the ability to generate recurring cash flows. Additionally, the company's ownership of interests in GECC and Monomoy UpREIT provides dividend income and potential capital appreciation. Furthermore, its internally managed investment vehicles allow it to redeploy capital quickly into higher yielding opportunities as market conditions change.
The company serves investment vehicles including GECC, Monomoy UpREIT, and Monomaro Properties REIT LLC, as well as other private funds that rely on its investment management services. These investors range from institutional entities to high net worth individuals seeking exposure to credit, real estate, and specialty finance strategies. The build to suit segment leases land to commercial tenants for the construction of build to suit improvements, providing steady rental streams.