Courage Capital brings Klinge, Imbach as senior managing directors

By Tali David

Minneapolis, March 13 - Courage Capital Management LLC announced that John E. Klinge and Scott A. Imbach have joined the firm as senior managing directors, according to a press release.

Klinge and Imbach, distressed debt industry veterans, will open Courage's Los Angeles office and lead the firm's investment efforts for its credit opportunities strategy. The two will also join Courage's investment committee.

"We are pleased and excited to welcome John and Scott to the Courage team," founder and CIO Richard Patton said in the release.

"These gentlemen bring to Courage over 50 years of collective experience investing in all forms of stressed and distressed opportunities, longstanding relationships that provide a sourcing and research advantage, and demonstrated track records of realizing value in businesses confronting operational or financial challenges. Both John and Scott are experienced investors across market cycles."

Klinge has 29 years of banking and investment experience, including an 18-year track record of investing institutional capital in a variety of stressed, distressed, control-play, high-yield and leveraged loan opportunities.

Imbach has more than 23 years of banking and investment experience, including 16 years of investing in stressed, distressed and other special situation credit opportunities, which encompass restructurings, reorganizations, liquidations, leveraged loans, high-yield debt and proprietary private debt financings.

Courage is a Nashville-based investment advisor.

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