– USA, MA – Great Elm Capital Corp. (NASDAQ: GECC), a business development company, today announced the appointment of Matt Kaplan as CEO effective immediately, replacing Peter Reed who resigned as CEO and from its board of directors.
In addition, the Company announced that Matthew Drapkin, CEO and Portfolio Manager at Northern Right Capital, has been named Chairman of the Board, effective immediately.
Joining Mr. Drapkin on the Board of Directors as a new appointment is Richard Cohen, President of Richard M. Cohen Consultants, as Audit Chair.
About Matt Kaplan
Matt Kaplan assumes the CEO position at GECC after a career built-in credit investing. He has served as a Portfolio Manager at Great Elm Capital Management, GECC’s external investment advisor, since October 2020, during which time he has led GECM’s investment team while repositioning GECC’s portfolio toward income-generating and performing investments in leveraged credit and specialty finance. Matt also serves as Managing Director for Imperial Capital Asset Management, LLC, a registered investment advisor which manages various hedge funds, investment partnerships, and a private equity fund. Funds managed by ICAM comprise one of the largest shareholders of GECC. Before ICAM, Matt was with Citadel Enterprise investing in special situations and event-driven credit and equities. Mr. Kaplan began his career as a Desk Analyst with Imperial Capital, LLC before moving to Imperial Capital (International), LLP in London to cover European special situations.
Mr. Kaplan said, “I am very excited about the future of GECC. We have a tremendous opportunity as a business development company to gear our portfolio toward performing investments. I look forward to working with our team to implement our ambitious growth plan in leveraged credit and specialty finance.”
Mr. Kaplan earned a BS in Managerial Economics from the University of California, Davis, and holds the Chartered Financial Analyst designation from the CFA Institute.
About Great Elm Capital Corp.
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.
For more information: http://www.greatelmcc.com/
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