Form D · Private Equity Fund

Courage Natural Resources Fund I, L.P.

Wilmington, DE · CIK 0001951570

Offering snapshot reported Oct 24, 2023 · SEC filing

Reported sold: $17M
Investors reported: 32
Minimum accepted: $0
First sale: Oct 21, 2022

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$9,010,000 → $16,977,000
Reported investors19 → 32

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Oct 24, 2023	Amendment	$16,977,000	$7,967,000vs Nov 1, 2022	32	SEC filing
Nov 1, 2022	Initial	$9,010,000	No comparison	19	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06b, 3C, 3C.1
Duration over one year: No
Business combination: No

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-463434

Source: Form D, filed Oct 24, 2023. 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 NATURAL RESOURCES FUND I, LP

Investment adviser: COURAGE CAPITAL MANAGEMENT, LLC

Gross asset value: $16.9M
Beneficial owners: 32
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 805-6825468453

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:

1100 North Market St. Suite 4046
Wilmington, DE, 19890