Form D · Private Equity Fund

COURAGE MUSIC ROYALTY FUND, L.P.

Wilmington, DE · CIK 0001729966

Offering snapshot reported Jun 13, 2019 · SEC filing

Reported sold: $78.1M
Investors reported: 142
Minimum accepted: $0
First sale: Jan 25, 2018

What changed?

Latest filing versus its linked predecessor, where available.

Reported investors0 → 142

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jun 13, 2019	Amendment	$78,105,000	No comparison	142	SEC filing
Jun 14, 2018	Amendment	Yet to sell	No comparison	0	SEC filing
Jan 31, 2018	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-304561

The recipient listed in Item 12 is paid an amount equal to a percentage of the management fee paid to the General Partner (or its affiliate) attributable to certain assets under management.

Sales compensation recipients

Scroll to see all columns →

Recipient	CRD	Associated broker-dealer
AVONDALE PARTNERS, LLC	46838

Source: Form D, filed Jun 13, 2019. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

COURAGE MUSIC ROYALTY FUND, L.P.

Investment adviser: COURAGE CAPITAL MANAGEMENT, LLC

Gross asset value: $155M
Beneficial owners: 155
ADV minimum commitment: $1M

Reported in Form ADV on Mar 30, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP MCLEAN, Virginia, United States

Custodian M & T BANK WILMINGTON, Delaware, United States Related to adviser: No

Custodian PINNACLE FINANCIAL PARTNERS NASHVILLE, Tennessee, United States Related to adviser: No

Custodian U.S. BANK NATIONAL ASSOCIATION MILWAULKEE, Wisconsin, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

Filing source

Form ADV 2084483 · Mar 30, 2026 · Schedule D 7.B.(1), fund 805-6878548303

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Courage Investments Inc.	Executive, Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

Courage Investments Inc. 1105 North Market Street, Suite 1300
Wilmington, DE, 19801