Firms, funds, people, portfolio companies and transactions from sworn filings and cited announcements, kept as a graph with a date and a source on every edge. Reported gross assets are never fund size, regulatory AUM is never dry powder, and a deal value prints only when someone disclosed it.

Firms / Courage Capital Management, LLC

Courage Capital Management, LLC

Buyout firmLower middle marketNashville, TNcouragemusicpartners.comSEC registered investment adviser
Classification
Class
Buyout firmconfirmed, confidence 85%
Basis
R6: 6 of 11 distinct vehicles are sworn Private Equity Funds; 6 reported gross assets on a filing in 2022 or later
Size band
Lower middle marketdefined by: proxy: $0.98bn Private Equity Fund GAV on the Form ADV filed 2024-03-28
Strategies
PRIVATE CREDIT
Classification history (1)
  1. Sep 13, 2026
    Buyout firm (confirmed, 85%, cls-pe-1)
    R6: 6 of 11 distinct vehicles are sworn Private Equity Funds; 6 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)
Adviser type
registered investment adviser
Form ADV filings
Mar 29, 2012 to Mar 28, 2024
RAUM
$1.1Bregulatory assets under management of the adviser; not dry powder, not a fund size
PE funds, latest filing
5
PE fund GAV, latest filing
$977Mreported gross assets (Form ADV), not fund size
All private fund GAV
$1.1Bevery private fund type, latest filing
2024 PE fund GAV
$977Msum over funds typed Private Equity Fund with a 2024 or later as-of date
PE share of funds, lifetime
55%
Fund type mix
filed 2024-03-28, latest gav Hedge Fund $144M, Private Equity Fund $977M, latest counts Hedge Fund 1, Private Equity Fund 5, lifetime distinct Hedge Fund 5, Private Equity Fund 6
Employees
21
Headquarters
Nashville, TN
Office address
4400 HARDING ROAD, SUITE 503, Nashville, TN, 37205
Business phone
615-369-0110
Stated criteria beside observed behaviour
no observed deals yet
Stated by the firm
Sectors
not stated or not yet read
Geography
not stated or not yet read
Revenue
not stated or not yet read
EBITDA
not stated or not yet read
Enterprise value
not stated or not yet read
Equity check
not stated or not yet read
Control
not stated or not yet read
Thesis
not stated or not yet read
Observed from deals on record

Nothing observed yet. Behaviour is computed from transactions and portfolio relationships, which have not been collected for this firm.

Funds
9 on record
FundVehicleVintageReported gross assets (Form ADV), not fund sizeGAV by yearForm D soldLifecycle
Courage Music Partners III, L.P.
ADV: Private Equity Fund
buyout or unlabelled2024
first reported on Form ADV
$155M
as of Mar 28, 2024
no Form DUnknown
Courage Natural Resources Fund I, LP
ADV: Private Equity Fund
buyout or unlabelled2023
first reported on Form ADV
$16.1M
as of Mar 28, 2024
no Form DUnknown
Courage Music Partners II, L.P.
ADV: Private Equity Fund
buyout or unlabelled2020
first reported on Form ADV
$456M
as of Mar 28, 2024
no Form DSuccessor fundraising
Courage Credit Opportunities Fund IV, L.P.
ADV: Private Equity Fund
Credit fund2019
first reported on Form ADV
$185M
as of Mar 28, 2024
no Form DHarvest
Courage Music Royalty Fund, L.P.
ADV: Private Equity Fund
buyout or unlabelled2019
first reported on Form ADV
$164M
as of Mar 28, 2024
no Form DMature
Courage Credit Opportunities Offshore Master Fund III, LP
ADV: Hedge Fund
Credit fund2014
first reported on Form ADV
$2.4M
as of Dec 8, 2022
no Form DWound down
Courage Credit Opportunities Onshore Fund III, LP
ADV: Private Equity Fund
Credit fund2014
first reported on Form ADV
$1.2M
as of Dec 8, 2022
no Form DWound down
Courage Special Situations Master Fund, L.P.
ADV: Hedge Fund
Special situations fundunknown$144M
as of Mar 28, 2024
no Form DHarvest
Courage Credit Opportunities Fund II, LP
ADV: Hedge Fund
Credit fundunknown$246,182
as of Jun 7, 2019
no Form DWound down
Team
8 current, 2 former
Managing partner (1)
Partner (1)
Board or advisory (1)
Platform (2)
2 former (kept with end dates)
  • Mark Alan Bourgeois · Senior Managing Director And Vice Chairman Of The Board · Dec 1, 2020 to Mar 30, 2022 Inference
  • Richard Reeder Horton · Chief Financial Officer And Chief Compliance Officer · Dec 1, 2004 to Dec 8, 2022 Inference
Portfolio
0 relationships, 0 platforms, 0 add-ons
No portfolio relationship collected for this firm yet. They arrive from the firm’s portfolio page, deal announcements and filings.
Transactions
0 on record
No transaction naming this firm has been collected yet. The deal tape is read from SEC filings and cited announcements.
Placement agents, lenders, advisers and co-investors
9 relationships
Placement agents (9)
  • Greenman Parker Connally Greenman Inc. 4 shared · strong · last Jan 1, 2014
  • Edgeline Capital, LLC. 3 shared · strong · last Jan 1, 2024
  • North Creek Butler 2 shared · recurring · last Jan 1, 2014
  • Morgan Keegan & Company, Inc. 2 shared · recurring · last Jan 1, 2012
  • Falls Bridge Securities, LLC 1 shared · one time · last Jan 1, 2024
  • Boustead Securities, LLC 1 shared · one time · last Jan 1, 2019
  • Alvine Capital Management Limited 1 shared · one time · last Jan 1, 2024
  • Boomerang Capital LLC 1 shared · one time · last Jan 1, 2019
  • Alvine Capital Ab 1 shared · one time · last Jan 1, 2024
LP commitments
0 disclosed
No LP commitment collected yet. An LP edge needs a public disclosure with a quote, such as a pension plan’s report or an announcement naming the LP.
Events
2 most recent
  1. Mar 30, 2026
    Courage Capital Management, LLC: Private Equity Funds on Form ADV 5 (2024 extract) -> 6 (roster 2026-09-01)
    Pe fund count changedFactSEC Form ADV monthly roster (registered + exempt reporting advisers)
  2. Mar 29, 2012
    Courage Capital Management, LLC first filed Form ADV in the extract (IA)
    First Form ADV filingFactSEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
Across the graphs

Courage Capital Management, LLC is the same institution as 3 records in Independent Sponsors, RIA and Wealth and Private Credit.

Independent Sponsors1RIA and Wealth1Private Credit1

Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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