COURAGE CAPITAL MANAGEMENT, LLC
COURAGE CAPITAL MANAGEMENT, LLC is a Series C+, debt and early-stage fund in the US writing $5M–$20M checks into Healthcare, music-rights, special-situations, healthcare-services, medical-devices, pharmaceuticals, life-sciences, natural-resources and credit-opportunities.
- Stages
- Series C+, debt, early-stage
- Sectors
- Healthcare, music-rights, special-situations, healthcare-services, medical-devices, pharmaceuticals, life-sciences, natural-resources, credit-opportunities
- Check size
- $5M–$20M
- Invests in
- US-wide
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 1998
- Assets under management
- $1.4B
- Website
- couragecap.com
Thesis
Courage Capital Management, LLC, founded in 1998 and based in Nashville, Tennessee, is an SEC-registered investment adviser focused on alternative asset management. The firm manages approximately $1.4 billion in regulatory assets and employs distinct strategies in healthcare lending and music rights acquisition, alongside special situations investing. For healthcare, they focus on services, devices, pharmaceuticals, life sciences, and healthcare technology, providing debt and equity investments typically between $30 million and $500 million in enterprise value, with check sizes ranging from $5 million to $20 million. Their music rights strategy involves acquiring and aggregating music rights to generate returns and capital appreciation. The firm also has a history of managing funds in credit opportunities, natural resources, and a short-biased hedge fund.
Common questions
Does COURAGE CAPITAL MANAGEMENT, LLC invest at the Series C+ stage?
Yes. COURAGE CAPITAL MANAGEMENT, LLC lists Series C+, debt and early-stage among the stages it invests in.
What check size does COURAGE CAPITAL MANAGEMENT, LLC write?
COURAGE CAPITAL MANAGEMENT, LLC writes $5M–$20M checks.
Where does COURAGE CAPITAL MANAGEMENT, LLC invest?
COURAGE CAPITAL MANAGEMENT, LLC invests in the US.