Great Elm Capital Corp. functions as a business development company (BDC) primarily specializing in providing capital to mid-market enterprises. The firm's investment strategy focuses on acquiring debt instruments, including loans and mezzanine financing, from these middle-market entities. It tends to favor allocating its resources to companies operating in sectors such as media, commercial services and supplies, healthcare, telecommunication services, and communications equipment. Furthermore, while predominantly focused on debt, the BDC also undertakes equity investments, generally committing between $3 million and $10 million to businesses that report annual revenues ranging from $3 million to $75 million.