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Great Elm Capital Corp. Announces Acquisition Of Majority Interest In Lenders Funding, Llc

PUBLIC · GECCSep 20, 2021

Acquiring Company

Great Elm Capital

Acquired Company

Majority Interest

Palm Beach GardensFinancial ServicesLending And InvestmentsFinanceVenture CapitalAngel InvestmentLending

Description

Great Elm Capital Corp. (“we,” “us,” “our,” or “GECC,”) (NASDAQ: GECC), a business development company, today announced that it has acquired a majority equity interest in Lenders Funding, LLC (“Lenders Funding”) a private funding and risk sharing source for factors and asset-based lenders.

Quick answer

Great Elm Capital is acquiring Majority Interest, announced September 20, 2021. Great Elm Capital is based in Palm Beach Gardens, Florida, United States.

How much did Great Elm Capital pay for Majority Interest?
The deal value was not disclosed.
What does Great Elm Capital do?
Great Elm Capital Corp. is an externally managed business development company that seeks to generate current income and capital appreciation by investing in debt and income generating equity securities, including..
Where are Great Elm Capital and Majority Interest based?
Great Elm Capital is based in Palm Beach Gardens, Florida, United States.
Who are the decision-makers at Great Elm Capital?
Fundz holds 1 contact at Great Elm Capital. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Great Elm Capital

Location

Palm Beach Gardens, Florida, United States

About

Great Elm Capital Corp. is an externally managed business development company that seeks to generate current income and capital appreciation by investing in debt and income generating equity securities, including investments in specialty finance businesses.

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Frequently asked

Who acquired Majority Interest?

Majority Interest was acquired by Great Elm Capital, based in Palm Beach Gardens. The deal was reported on September 20, 2021. Great Elm Capital Corp. Great Elm Capital is publicly traded (GECC) and operates in Financial Services.

When did Great Elm Capital acquire Majority Interest?

Great Elm Capital's acquisition of Majority Interest was reported on September 20, 2021. Great Elm Capital Corp. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Majority Interest do?

Majority Interest is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.