Alternative investment firm Courage Capital Management has expanded its distressed debt effort through several changes.
In a statement released Wednesday, John Klinge and Scott Imbach have joined Tennessee-based Courage as senior managing directors to run the firm’s new Los Angeles office.
With 29 years of banking and investment experience under his belt, Klinge was most recently the senior managing director and chief credit officer at Levine Leichtman Capital Partners.
Imbach has over 23 years of industry experience, including 16 years of investing in stressed, distressed and other special situation credit opportunities. Like Klinge, Imbach also came from LLC where he was a managing director.
Richard Patton, founder and chief investment officer of Courage, said that the new additions “will bolster Courage’s dedicated, lower middle market stressed and distressed debt investment strategy which is part of our broader focus on event-driven, special situation investing.”
Founded in 1998, Courage specializes in opportunistic and special situation investment strategies.