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Courage Special Situations Master Fund, L.P.

Hedge FundFund ID 805-8448948184Cayman Islands
Gross assets
$134.1M
Min. investment
$2M
Beneficial owners
11
Size rank
Top 38%
Audited
Yes
Structure
Master

About this fund

Courage Special Situations Master Fund, L.P. is a hedge fund managed by Courage Capital Management, LLC. The fund reports $134.1 million in gross assets, placing it among the top 38% of private funds by size. The stated minimum investment is $2 million. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.

Fund details

Fund ID805-8448948184
Fund typeHedge Fund
3(c)(1) exclusionNo
3(c)(7) exclusionYes
Master fundYes
Feeder fundNo
Fund of fundsNo
Relies on exemption from registrationYes
Annual auditYes
Prepared per GAAPYes
Sub-advisedNo
% of assets independently valued98%

Other funds from this manager

FundTypeGross assets
Courage Music Partners III, L.P.Private Equity$515.5M
Courage Music Partners II, L.P.Private Equity$476.4M
Courage Music Royalty Fund, L.P.Private Equity$154.6M
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Frequently asked questions

How large is Courage Special Situations Master Fund, L.P.?

Courage Special Situations Master Fund, L.P. reports $134.1 million in gross assets, among the top 38% of private funds by size.

What is the minimum investment for Courage Special Situations Master Fund, L.P.?

The stated minimum investment is $2 million.

Who manages Courage Special Situations Master Fund, L.P.?

Courage Special Situations Master Fund, L.P. is managed by Courage Capital Management, LLC.

Does Courage Special Situations Master Fund, L.P. disclose returns?

No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.

Manager

Service providers

Prime broker
Custodian
Administrator
Auditor
Marketer

Reported gross assets

$134.1M▼ 16%
Mar '25 — $160MApr '25 — $160MMay '25 — $160MJun '25 — $160MJul '25 — $160MAug '25 — $160MSep '25 — $160MOct '25 — $160MNov '25 — $160MDec '25 — $160MJan '26 — $160MFeb '26 — $160MMar '26 — $134.1MApr '26 — $134.1MMay '26 — $134.1MJun '26 — $134.1M
Mar '25Form ADV, monthlyJun '26

How this fund compares

Gross assetsTop 38%
Larger than 62% of 67,041 private funds
Gross assets vs Hedge FundsTop 51%
Larger than 49% of 12,442 hedge funds
Minimum investmentTop 31%
Higher than 69% of funds reporting a minimum

Investor base

Adviser & related persons73%
Funds of funds%
Non-U.S. persons%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.