Courage Capital Management LLC

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Courage Capital Management LLC ✚
CRD #	130449
SEC #	801-63190
CIK #	0001119376
AUM	1,448.2 M (2026-03-30)
Employees	23 (61% Investors, 0% Brokers)
Phone	615-369-0110
Address	4400 Harding Road, Suite 503 Nashville, TN 37205
Source	[IAPD] [EDGAR] [Website] [LinkedIn]

Total AUM ($M) Copy

In the News
Sat, 25 Jul 2026	Courage Capital Management LLC Buys 2,280 Shares of Tesla, Inc. $TSLA — MarketBeat

Sector	Form 13F Holdings	Value ($M)
	Fidelity Wise Origin Bitcoin Fund	10.1
	Sprott Physical Gold Trust	9.4
	Corrections Corp of America	9.0
	Perth MINT Physical Gold ETF	8.5
	Facebook Inc	4.0
	Alphabet Inc	3.0
	iShares Comex Gold Trust	2.5
	Tesla Motors Inc	2.0
	Pinnacle Financial Partners Inc	1.9
	UnitedHealth Group Inc	1.2
View All

Holdings by Sector ($M)

Type	Form D Funds	Date	Sold	AUM
PE	Courage Healthcare SBIC Fund I LP	[2026-03-30]	35.0 M	34.2 M
	Filed 2025-08-05 (D) · Exemption 506(b), 3(c), 3(c)(1), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
PE	Courage Music Partners III LP	[2024-03-28]	380.3 M	515.5 M
	Offered $500,000,000 · Filed 2024-09-20 (D/A) · Exemption 506(b), 3(c), 3(c)(1), 3(c)(7) · Remaining $119,697,000 · Duration One year or less · Net Assets Decline to Disclose
PE	Courage Natural Resources Fund I LP	[2023-03-31]	17.0 M	16.9 M
	Filed 2023-10-24 (D/A) · Exemption 506(b), 3(c), 3(c)(1) · Remaining Indefinite · Duration One year or less · Revenue Decline to Disclose
PE	Courage Music Partners II LP	[2020-03-26]	320.4 M	476.4 M
	Offered $350,000,000 · Filed 2020-12-15 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining $29,625,000 · Duration More than one year · Net Assets Decline to Disclose
PE	Courage Credit Opportunities Fund IV LP	[2019-03-28]	66.7 M	96.7 M
	Filed 2019-06-03 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $1,000,000 · Remaining Indefinite · Duration More than one year · Revenue Decline to Disclose
PE	Courage Music Royalty Fund LP	[2019-03-28]	78.1 M	154.6 M
	Filed 2019-06-13 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Revenue Decline to Disclose
HF	Courage Credit Opportunities Offshore Master Fund III LP	[2014-03-28]	115.7 M	2.4 M
	Filed 2016-12-02 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $1,000,000 · Remaining Indefinite · Duration More than one year · Revenue Decline to Disclose
PE	Courage Credit Opportunities Onshore Fund III LP	[2014-03-28]	54.0 M	1.2 M
	Filed 2016-12-02 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $1,000,000 · Remaining Indefinite · Duration More than one year · Revenue Decline to Disclose
HF	Courage Credit Opportunities Fund II LP	[2012-03-29]	27.0 M	0.2 M
	Filed 2010-03-10 (D) · Exemption 506, 3(c), 3(c)(7) · Minimum $2,000,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
HF	Courage Long Short Opportunity Fund LP	[2012-03-29]	17.7 M	9.3 M
	Filed 2014-12-23 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $1,000,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
View All

AUM Breakdown	Accounts	AUM ($M)
By Client Type
(a) Individuals (other than high net worth individuals)	0	0.0
(b) Individuals (high net worth individuals)	0	0.0
(c) Banking or thrift institutions	0	0.0
(d) Investment companies	0	0.0
(e) Business development companies	0	0.0
(f) Pooled investment vehicles	10	1,428.4
(g) Pension and profit sharing plans	0	0.0
(h) Charitable organizations	0	19.9
(i) State or municipal government entities	0	0.0
(j) Other investment advisers	0	0.0
(k) Insurance companies	0	0.0
(l) Sovereign wealth funds and foreign official institutions	0	0.0
(m) Corporations or other businesses not listed above	0	0.0
(n) Other	0	0.0
Total	11	1,448.2
By Discretionary
Discretionary	11	1,448.2
Non-Discretionary	0	0.0
Total	11	1,448.2
By Non-United States Persons
Non-United States Persons		107.3
United States Persons		1,341.0
Total	11	1,448.2

Form D Directors	Role	# Filings	# Firms
David Bree	Director	428	100
Don Seymour	Director	315	72
Donald Seymour	Director	6	4
Courage Investments Inc	Executive Officer, Promoter	10	2
David Sampsell	Director, Executive Officer	8	2
Donald McLamb	Executive Officer	3	2
Erik Larsen	Executive Officer	2	2
Courage Cof Offshore GP Ltd	Promoter	2	2
Sampsell David	Director	1	1
Mayur Tipnis	Executive Officer	1	1
Courage Healthcare Partners LLC	Executive Officer	1	1
Courage Healthcare Sbic I LLC	Executive Officer	1	1
Don McLamb	Executive Officer	1	1

EDGAR Form	CIK	2011 - 2026
13F-HR	[0001119376]
3	[0001119376]
SC 13D	[0001119376]
SC 13G	[0001119376]

Form 13D/13G Filer	Form 13D/13G Subject	Filed
Courage Capital Management LLC	Hanger Inc	[2019-02-14]
Courage Capital Management LLC	Forbes Energy Services Ltd	[2018-02-14]
Courage Capital Management LLC	Immuron Ltd	[2017-06-22]
Courage Capital Management LLC	Affinity Gaming	[2013-06-07]
Courage Capital Management LLC	Affinity Gaming LLC	[2012-05-21]

Firm Profile (Form ADV)
Discretionary AUM	$0.9B
Serves	Institutional
Fund Types	Hedge Fund, Private Equity
LEI	254900CK3P5P0PZOV613

Form 3/4/5 Subject	2011 - 2026
Courage Capital Management LLC
Affinity Gaming
Patton Richard C
Courage Credit Opportunities Fund II LP
Courage Investments Inc

Comparable Firms	State	AUM
Woodson Capital Management LP ✚	CT	1,546.3 M
Zenyth Advisors LLC ✚	NY	1,544.0 M
Catholic Investment Services Inc ✚	MA	1,516.8 M
Serengeti Asset Management LP ✚	FL	1,475.3 M
Tekne Capital Management LLC ✚	NY	1,422.4 M
CC Management GP LLC ✚	NC	1,391.5 M
Turning Rock Partners LP ✚	NY	1,375.5 M
Rice Park Capital Management LP ✚	MN	1,371.0 M
Pleiad Investment Advisors Limited ✚		1,351.8 M
FCO Advisors LP ✚	NY	1,339.3 M

Courage Capital Management LLC

Assets, Funds, Holdings