Smith Management and Woodstead completed a $24m investment in Great Elm Group.

Smith Management, a private investment firm and management services provider, and Woodstead, an institutional investor, completed a $24m investment in Great Elm Group, an investment management company. “These transactions represent a significant milestone for Great Elm. Booker’s expertise across our core verticals, coupled with the capital commitment from Woodstead, provides meaningful resources to grow our assets under management, enhance profitability, and further align our investor base with long-term shareholder value creation,” Jason Reese, Great Elm CEO.