Courage Capital Management, headquartered in Nashville, Tennessee, stands as an alternative asset management firm established in 1998. Catering to institutional investors and family offices, Courage adeptly oversees assets on their behalf. The firm specializes in two private debt strategies: Music Royalties and Healthcare Lending.
Richard Patton is the Founder, Chairman, and Chief Investment Officer of Courage Capital Management, established in July 1998. Previously, he co-founded Woodmont Capital, LLC, focusing on special situations investing. Prior to this, Patton served as a Portfolio Manager and Analyst at Fidelity Investments. He also founded and sold a restaurant group. Patton has served on the boards of several companies, including Williamson-Dickie Manufacturing Company and Krystal Restaurant Group, as well as various charitable organizations such as the Nashville Humane Association and the American Red Cross.
Courage Capital Management serves 9 clients with discretionary assets under management totaling $1,139,416,262, as disclosed in their Form ADV dated March 2024. Their most recent 13F filing for Q4 2023 revealed holdings of $24,775,000 in managed 13F securities, with a top 10 holdings concentration of 98.74%. Notably, their largest holding is Coherus Biosciences Inc. with 7,500,000 shares held.
| Fund Name: | Courage Capital |
| Manager | Richard Patton |
| Portfolio Value | $40,363,000 |
| Change This QTR | +1.02% |
| No. | Security | Ticker | Shares | Value | Activity | % Port | History |
|---|---|---|---|---|---|---|---|
| 1. | Invesco Senior Loan Etf | 648,000 | $13,614,000 | +45% | 33.72% | ||
| 2. | PHYS | 264,500 | $5,391,000 | 13.35% | |||
| 3. | CXW | 393,491 | $4,978,000 | 12.33% | |||
| 4. | Goldman Sachs Physical Gold | 184,254 | $4,795,000 | 11.87% | |||
| 5. | META | 7,500 | $4,293,000 | 10.63% |
| Symbol | Company | Filed By | Filing Date | Filing |
|---|---|---|---|---|
| 2020-02-11 | ||||
| 2020-02-11 | ||||
| 2019-02-14 | ||||
| 2018-02-14 | ||||
| 2017-06-22 |
