COURAGE CAPITAL MANAGEMENT, LLC
Adviser information for COURAGE CAPITAL MANAGEMENT, LLC last updated from Form ADV on March 28th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Tennessee, United States |
Employees
| Total Number of Employees | 21 |
|---|---|
| Investment Advisory/Research | 11 |
| Registered Broker-Dealer Representatives | 0 |
| Registered State Investment Advisers | 0 |
| Licensed Agents of an Insurance Company | 0 |
| No. of Firms/People that Solicit Clients | 5 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 10 | $1.1B |
| Non-Discretionary | 0 | $0 |
| Total | 10 | $1.1B |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 0 | $0 |
| HNW Individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 9 | $1.1B |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | <5 | $18.3M |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 0 | $0 |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 3 |
| No. of Financial Planning Clients | 0 |
Services
| Advisory Services | Portfolio management for pooled investment vehiclesPORTFOLIO MANAGEMENT FOR CHARITABLE ORGANIZATIONS |
|---|---|
| Compensation | % of AUMPerformance-based fees |
| Other Business Activities | Commodity pool operator or commodity trading advisor |
Principal Office
4400 HARDING ROAD, SUITE 503NASHVILLE
TN
United States
Monday - Friday, 8:00 A.M TO 5:00 P.M.
Tel: 615-369-0110, Fax: 615-298-7529
Chief Compliance Officer
RICHARD A. SCHNUERER
CHIEF FINANCIAL OFFICER
4400 HARDING ROAD, SUITE 503
NASHVILLE
TN
United States
Tel:
615-369-0108
R*********@*************M
(Full email address available in API data)
Regulatory Contact
THOMAS G. MILNE
PRESIDENT AND CHIEF OPERATING OFFICER
4400 HARDING ROAD, SUITE 503
NASHVILLE
TN
United States
Tel:
615-369-0106
Fax:
615-298-7529
T*****@*************M
(Full email address available in API data)
Industry Affiliates
| None |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|---|---|---|---|
| COURAGE CREDIT OPPORTUNITIES FUND IV, L.P. | Private Equity Fund | $185.2M | $1.0M | 37 |
| COURAGE MUSIC PARTNERS II, L.P. | Private Equity Fund | $456.2M | $2.0M | 141 |
| COURAGE MUSIC PARTNERS III, L.P. | Private Equity Fund | $155.4M | $1.0M | 37 |
| COURAGE MUSIC ROYALTY FUND, L.P. | Private Equity Fund | $164.0M | $1.0M | 155 |
| COURAGE NATURAL RESOURCES FUND I, LP | Private Equity Fund | $16.1M | $1.0M | 32 |
| COURAGE SPECIAL SITUATIONS MASTER FUND, L.P. | Hedge Fund | $144.3M | $2.0M | 23 |
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| PATTON, RICHARD, CONNELL | Individual | – | CHIEF MANAGER, MEMBER & BOARD MEMBER | 07/1998 | > 75% |
| MILNE, THOMAS, GORDON | Individual | – | PRESIDENT, CHIEF OPERATING OFFICER & BOARD MEMBER | 11/2007 | < 5% |
| SCHNUERER, RICHARD, ANTHONY | Individual | – | CHIEF FINANCIAL OFFICER AND CHIEF COMPLIANCE OFFICER | 12/2022 | < 5% |
No. Employees, Historic
RAUM, Historic
No. Clients, Historic
Holdings
From latest 13F, filed August 14th, 2024 for period ending June 30th, 2024
| Name | Class | Value $USD | # Shares | Private Fund |
|---|---|---|---|---|
| Alphabet Inc Class C | Common | 1K | 6K | – |
| Coherus Biosciences Inc | Bond | 6K | – | – |
| Core Civic Inc | Common | 5K | 393K | – |
| Crown Castle Intl | Common | 1K | 12K | – |
| Fidelity Wise Bitcoin Fund | ETF | 3K | 52K | – |
| General Dynamics Corp | Common | 348 | 1K | – |
| Goldman Sachs Physical Gold | Common | 4K | 184K | – |
| Invesco Senior Loan ETF | ETF | 9K | 448K | – |
| iShares Gold Trust | ETF | 1K | 28K | – |
| Johnson & Johnson Inc | Common | 292 | 2K | – |
| Meta Platforms Inc | Common | 4K | 8K | – |
| Sprott Physical Gold Trust | ETF | 5K | 265K | – |