Great Elm (US:GEG) Globenewswireยท2025-11-12 21:10Core Insights - Great Elm Group, Inc. raised nearly $250 million in recent capital, positioning the company for continued growth in its alternative asset management platform [2][5][10] - The company reported a 10% increase in Pro Forma Fee-Paying AUM and a 7% increase in AUM year-over-year as of September 30, 2025 [1][9] - Great Elm Real Estate Ventures continues to expand, supported by construction management revenue and the sale of a build-to-suit property for $7.4 million [3][9] Financial Performance - Total revenue for the first quarter was $10.8 million, up from $4.0 million in the prior-year period, primarily due to the sale of the second Monomoy BTS property [9][24] - The company reported a net loss of $(7.9) million for the quarter, compared to net income of $3.0 million in the prior-year period, driven by unrealized losses [9][24] - Adjusted EBITDA for the first quarter was $(0.5) million, down from $1.3 million in the prior-year period [9][25] Strategic Partnerships and Investments - In July 2025, Great Elm formed a strategic partnership with Kennedy Lewis Investment Management, which included a $150 million term loan to Monomoy REIT and the purchase of 1.4 million shares of GEG common stock [5][10] - In August 2025, Woodstead Value Fund invested $9.0 million in GEG, purchasing 4.0 million shares at $2.25 per share [11] - GECC raised approximately $85.4 million in debt and equity capital during the quarter, including a private placement of 1.3 million shares [9][12] Asset Management Growth - As of September 30, 2025, GEG's Fee-Paying AUM and AUM totaled approximately $594 million and $785 million, respectively, reflecting growth of 9% and 6% year-over-year [5][9] - The company has approximately $53.5 million in cash and marketable securities to support growth initiatives [9][21] - GEG's stock repurchase program has been increased to $25 million, with approximately $10.9 million spent to repurchase 5.6 million shares [9][21]