today. us was Welcome, year joining Great thank Fiscal year XXXX everyone, Elm. for you and a defining for
streamlined, value. on focus a to pure-play driving management able was growing team management business asset Our and shareholder
grow provided under an would several achievements accomplished notably, $XX growing GECC. we're platform Great year. and profitability, this capital our our that highlight we under delivered capital equity by This raises made was businesses assets fee-paying $XX key Capital for and possible million able XXXX by raised an XXXX, from management.
I ] XX% to year. really fresh fiscal February management growth back, Corp. excellent over improve to innovative a assets Elm prior series milestone through nearly capital Most as Looking fiscal significantly BDC like [ million expand July structure of from in of our
equity raise with GECC First, partnership capital GECC investment at $X $XX in through million by this on million million which Great institutional strategic $XX value. investing GEG in new LLC. capital investors $XX shares supported of in along February, invested Elm SPV, an the turn common net asset million in raised of
capital million relationships performance. strategic a from investment investors alongside SPVs investors. for raise continued GECC this $X capital template transaction, institutional a the Peak GECC's June. with continued improved investment NAV LLC. due sophisticated to a GEG Holdings to at made into capital We of Prosper SPV were in as to the utilize equity GECC institutional In raise structure a via million $XX second raised able and million at these other our $X
work Elm, partners strategic benefits our with enhance We believe time parties. to further continue to with additional provide which relationship we over both will for their Great
of basis GECC. $XX.X point Elm NAV further offering institutional GECC subsequently registered our huge a issuance. and July. an these improvement scale compared XX note notes additional through notes to more XX raises and capital spread of financing Group investor clear X-year a an April, Great in million for in offering Additionally, at success to $XX Accomplishing August public of of direct an as than GECC's commitment were at rates notes improved evidence completed to underwritten issued million GECC
incremental and revenue our expand recurring business as capital. to to from fee potential management fee from These we are GEG's capital revenue the ability asset earn substantial GECC, revenue providing integral raises both fee incentive
paid year 'XX, in to and December $X.X income special dividend received GECC material million in in of addition, of maintain dividend a In 'XX. investment fiscal continues a GEG direct inclusive
Looking well believe in our to is XXXX. its reach further ahead, for risk-adjusted capital shareholders fiscal and to we attractive generate positioned returns BDC
that overall the loss an of net as $X.X should reverse guide to distributions lesser will temporary losses These mark year. SPVs losses. the rules million unrealized creating losses It unrealized value, noted the contributed financial a us are unrealized believe BDC. over We for million accounting be to to million time SPVs received the material investment our and the in the $X.X $X from
of Our fiscal expand our realized a inaugural $X our of past million property a sale year. first completion had on gain milestone fourth over real to the Monomoy platform X significant properties, 'XX where in continued on estate including BTS a over in we nearing sale June quarter IRR.
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build-to-suit specifications pipeline remains with The approximately XXXX. entering robust XX
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after businesses offerings. we and expand platform alternative Income to estate During start strong, Credit credit GECIF. in or X the launched Elm am track performance record Elm marketable and products I November of Back fiscal build have the and we its real to fiscal Great 'XX, Fund, 'XX. Great that months 'XX, launched complementary capital we to in to a pleased the report conducive plan fund, first a raise solid
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opportunistically our million year repurchase program. improved We convertible million $X.X the deploy of our notes We face XX% $XX X.X GEG million alternative market ended stock and part of and asset stock common for capital securities the $X repurchasing at repurchasing our in principal quarter management structure value in of million with shares over to the growing and nearly cash platform. of X% as marketable our and across
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coming venture income In will investment distributions to institutional CLOs quarters. at the April, to there expanded expect its GECC warehouse in and source GECC The CLO make strategic reach facilities. JV related further with we and into of be increasing sizable receive a an investments a in beginning forming from partner joint CLOs is
delivering million products. to XX performance portfolio GEG the remains $X.X CLO fee GECC's to the repositioning the into last and over incentive XXXX successful to given in of revenues GECC well fees expansion fiscal recent totaling months. continue GEG supported payment positioned
Combined, the XXXX. up these Monomoy increased solid scales. initiatives BDC REIT performance fee fiscal drive should revenue as over put
properties leases meaningful Over new properties, the last key intent with XX for amended of existing renewal XX $XX XX months, leases. X acquire term XX million tenant expansion deployed executed and existing REIT the projects and capital to at tenants to options extensions
XX% fee of growth. step-ups, and from increases rate property management approximately services, the rental lease saw Also, renewals private REIT's portfolio contractual value-added
successfully sizable impact material up of service debt any growth additional million Monomoy debt capital. a Lastly, refinanced an annual $XX to and without freed facility
achieved business As property referenced our milestone with first earlier, sale. a meaningful our build-to-suit
anticipated of our in sale XXXX. the second property With fiscal
project business creating third new in management. and GEG's extremely projects, growth by development potential for meaningful beyond. with our XXXX Our of encouraged and opportunity and shareholder attractive we're value BTS fiscal and future construction with this under a pipeline
like I'd toward 'XX. extremely pleased goals grow our achievements X under expand management. underscore assets by platform we've revisiting our growing space our accretive our financial driving in differentiated outlined. performance, fiscal real 'XX, the to to divesting with our goals businesses non-core management I'm the Enhance by and estate in conclude adding core credit fiscal accomplishments commitment reposition our our alternative Great our consistently After our asset Elm products. alternative and and businesses in
strategic we to multiple evaluate actively initiatives. Additionally, continue
Moving ahead, returns. capital to allocate expand to new risk-adjusted we offering opportunities pursuing our opportunities businesses steadfast attractive promising and platform in remain
it accelerate are over our about future of We Elm the that, positioned I'll Keri. With turn are fiscal excited well in XXXX. to growth and very to we Great
