Great Elm Group Inc. reported its fiscal 2026 first quarter financial results, highlighting nearly $250 million in recent capital raises for the company and its credit and real estate vehicles. As of September 30, 2025, pro forma fee-paying assets under management (AUM) grew 10% year-over-year, while total AUM increased 7% year-over-year. The company's real estate segment completed the sale of its second Monomoy build-to-suit development property for $7.4 million in September. During the quarter, Great Elm announced a strategic partnership with Kennedy Lewis Investment Management, which included the purchase of approximately 1.4 million shares of Great Elm common stock at $2.11 per share, a private placement of 1.3 million shares to an affiliate of Booker Smith for $15 million, the issuance of 1.1 million shares via an at-the-market program for $13 million, and the issuance of $57.5 million of 7.75% notes due 2030. The company's private credit strategy delivered a net return of approximately 15.2% calendar year-to-date through September 30, 2025.