SourcingSourcing

COURAGE CAPITAL MANAGEMENT, LLC

C21
CRD 130449·SEC 801-63190·NASHVILLE, TN
AUM
$1.45B
$1B+
Est. Revenue
$14.5M
@ 1% on AUM
Est. EBITDA
$4.3M
@ 30% margin
Est. Deal Value
$34.8M
@ 8× EBITDA

Identity

Registrations & legal identity

Legal name
COURAGE CAPITAL MANAGEMENT, LLC
CRD
130449
SEC file #
801-63190
EIN
000000000
DBA names
—

Economics

AUM
$1.45B
AUM band
$1B+
AUM trajectory
'20'26
$683.8M → $1.45B▲ +112%
Client mix
Pooled Investment Vehicles10

Operations

Employees (total)
23
Advisory staff (per ADV)
14
Advisory staff (5-yr trend)
'20'26
9 advisors → 14 advisors▲ +56%
Primary office
NASHVILLE TN
Branches
—

Custodian & Brokerage

Primary custodian
U.S. Banklow confidence
Services offered
Portfolio mgmt — pooled vehiclesOther Advisory Services
Fee basis
% of AUMPerformance-based fees

Filings

Latest ADV filing
03/30/2026
ADV-W filed at
—
Website
couragecap.com

Compliance

Disclosures (firm)
0
Trademark
—
Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name
PATTON, RICHARD, CONNELL
Top Owner Pct
87.5
Top Owner Entity Kind
I
Owner Count
3
Control Persons
PATTON, RICHARD, CONNELL
MILNE, THOMAS, GORDON
Solo Advisor Indicator
No
Succession Risk Solo Owner
Yes
Is Parent Owned Subsidiary
No

Availability / M&A ★

Already-acquired = skip; deal comps

Adv W Filed
No

Web presence ★

Stale website = winding down

Web Signal Quality
ok
Rdap Domain
COURAGECAP.COM
Rdap Domain Creation Date
2002-10-07T01:05:09Z
Rdap Firm Age Years
24
Rdap Firm Age Band
20+y
Rdap Registrar
Register.com - Network Solutions, LLC

Retirement-plan book (Form 5500) ★

401(k)/plan business — cross-sell value

Retirement Plan Book
No

SEC EDGAR

Edgar Cik
0001594059
Edgar Registered
Yes
Edgar Filing Count
5
Edgar First Filing Date
2013-12-13
Edgar Last Filing Date
2016-12-02
Edgar Form D Count
5
Edgar Form D Offerings
2016-12-022016-12-02 · 0000919574-16-016996
2016-02-092016-02-09 · 0000919574-16-009969

Compliance & brand

Firm Registration Status
active

All other collected signals (17)

Everything else we've pulled for this record, not yet curated into a section.

Adv W Recently Filed
No
Bc Firm Active Bc Count
0
Bc Firm Active IA Count
0
Bc Firm IAR Count
0
Custodian Candidates
Full
U.s. Bank10
Fidelity8
Goldman Sachs6
E*trade4
Edgar Addresses
Mailing
2ND FLOOR, DMS HOUSE20 GENESIS CLOSEGRAND CAYMAN, E9, KY1-1108
Business
2ND FLOOR, DMS HOUSE20 GENESIS CLOSEGRAND CAYMAN, E9, KY1-1108
Edgar EIN
000000000
Edgar Recent Filings
D/A2016-12-02 · 0000919574-16-016996
D/A2016-02-09 · 0000919574-16-009969
Firm Has Custody
Yes
Mailing Office Differs
No
Rdap Domain Expiration Date
2029-10-07T01:05:09Z
Rdap Domain Last Changed
2024-07-15T15:23:10Z
Rdap Nameservers
Atibant01.atiba.comNs1.atiba.com
Rdap Secure Dns Enabled
No
Rdap Status
Client Transfer Prohibited
Top Owner CRD
4779499
Trust Company Affiliate
No

People (3)

3
PATTON, RICHARD, CONNELL
Direct Owner · 87.5%
4779499
MILNE, THOMAS, GORDON
Executive Officer · 2.5%
1777024
RICHARD ANTHONY SCHNUERER
Executive Officer · 2.5%
5854948