Item 1.
Great Elm Capital Corp.
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(b)
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Address of Issuers Principal Executive Offices
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800 South Street, Suite 230
Waltham, MA 02453
Item 2.
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(a)
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Name of Person Filing
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This statement is jointly filed by and on behalf of each of Northern Right Capital Management, L.P. (Northern Right Management),
Northern Right Capital (QP), L.P. (Northern Right QP), NRC Partners I, LP (NRC Partners), BC Advisors, LLC (BCA), and Matthew A. Drapkin (Mr. Drapkin and. together with Northern Right Management,
Northern Right QP, NRC Partners and BCA, the Reporting Persons).
Each of Northern Right QP and NRC Partners (together, the
Funds) has the power to vote or to direct the vote of (and the power to dispose or direct the disposition of) the shares of common stock of the Issuer, par value $0.01 per share (the Common Stock), owned by it (collectively,
the Fund Shares).
As general partner and investment manager of each of the Funds, Northern Right Management may be deemed to
have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Fund Shares. In addition, Northern Right Management is the investment manager for certain separate managed accounts on behalf of
investment advisory clients (collectively, the Managed Accounts) and may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the shares of Common Stock owned by
the Managed Accounts. Northern Right Management does not own any Common Stock directly and disclaims beneficial ownership of the Fund Shares and any shares of Common Stock owned by the Managed Accounts.
As general partner of Northern Right Management, BCA may be deemed to have the shared power to vote or direct the vote of (and the shared
power to dispose or direct the disposition of) any Common Stock beneficially owned by Northern Right Management. BCA does not own any Common Stock directly and disclaims beneficial ownership of any Common Stock beneficially owned by Northern Right
Management.
As a member of BCA and pursuant to the operating agreement of BCA, Mr. Drapkin may be deemed to have the shared power to
vote or direct the vote of (and the shared power to dispose or direct the disposition of) any Common Stock beneficially owned by BCA. Mr. Drapkin disclaims beneficial ownership of any Common Stock beneficially owned by BCA.
Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such
person is, for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this statement.
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(b)
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Address of Principal Business Office or, if none, Residence
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The address of the principal business office of each of Northern Right Management, Northern Right QP, NRC Partners, BCA and Mr. Drapkin is
9 Old Kings Highway South, 4th Floor, Darien, Connecticut 06820.
See Item 4 on the cover page(s) hereto.