Courage Special Situations Fund LP
Courage Special Situations Fund LP is a hedge fund based in Wilmington, Delaware. According to its most recent Form D, filed Jun 3, 2026, the fund has sold $654,554,188 of interests to 110 investors since its first sale in Sep 1998. The minimum investment it accepts from an outside investor is $2,000,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include William Cowan; Courage Investments Inc; William Langan.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to HedgeMountain directly.
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- Total raised
- $654,554,188Cumulative sales reported on Form D
- Investors
- 110
- First sale
- Sep 1, 1998
- Minimum investment
- $2,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- William Cowan; Courage Investments Inc; William Langan
- Latest Form D
- Jun 3, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and HedgeMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures
Size compared with every hedge fund
Raised more than 90% of the 188 hedge funds based in Delaware, and more than 85% of all 10,157 that report sales.