Courage Capital Management announced that John E. Klinge and Scott A. Imbach have joined the firm as senior managing directors.
Klinge and Imbach will open company’s Los Angeles office and lead the firm’s investment efforts for its credit opportunities strategy. They will also join Courage’s investment committee.
Klinge brings to Courage 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. He has transaction experience in out-of-court restructurings, chapter 11 reorganizations, and chapter 7 liquidations. He joins Courage from Levine Leichtman Capital Partners (LLCP), where he worked for eight years and was a senior managing director and chief credit officer.
Imbach brings to Courage over 23 years of banking and investment experience including 16 years of investing in stressed, distressed and other special situation credit opportunities including restructurings, reorganizations, liquidations, leveraged loans, high yield debt and proprietary private debt financings. He joins Courage from LLCP where he was a managing director and where he worked closely with Klinge on DVF for almost three years. -Business Wire