The Credit Opportunities strategy focuses on long-term investing in the debt of Lower Middle Market companies.
The Credit Opportunities strategy seeks to generate long-term value and equity-like returns.
Courage seeks to construct a diversified portfolio of investments at discounted enterprise values (3.5x to 5.5x EBITDA). Through its strategy of investing in the debt of lower middle market companies, Courage seeks to generate equity-like returns with the downside protection afforded to credit investments!
Courage seeks to support senior management in developing and executing a business plan designed to maximize enterprise value. Courage may sit on company boards and deploy its operating partners when appropriate.
The strategy employs a deep-value approach to investing with a long-term investment horizon and an emphasis on downside protection. Courage focuses on the less competitive, more inefficient Lower Middle Market segment.
The strategy provides current income and downside protection consistent with credit investing yet offers significant upside potential typical of private equity strategies.
The team's substantial financial, restructuring, operational and industry expertise, coupled with its ability to source unique opportunities has enabled Courage to generate attractive investment returns through multiple market cycles.