Satori Capital has made an investment in Fort Worth, Texas-based Mountain Cove Capital Management, a financial advisory and investment firm. No financial terms were disclosed.
DALLAS & FORT WORTH, Texas–(BUSINESS WIRE)–Satori Capital, a Texas-based investment firm founded on the principles of conscious capitalism, announced today an investment and acceleration partnership with Mountain Cove Capital Management. Satori, a multi-strategy firm with more than $1 billion in assets under management (“AUM”), committed to invest $10 million in Mountain Cove as part of its Satori XL Partnership Program, which forms strategic acceleration partnerships with talented emerging investment managers that typically have at least a three-year track record and less than $100 million of AUM.
Based in Fort Worth, Texas, and founded in 2013, Mountain Cove is a fundamental global long/short equity fund actively trading large-cap U.S. equities. Mountain Cove, led by founder and portfolio manager Aushrif Javeed, uses both long and short positions to achieve absolute returns while maintaining a low net exposure, and it has demonstrated an ability to generate attractive returns in a variety of market environments.
“We believe Mountain Cove is well situated to deliver compelling investment returns in a variety of market environments, including the volatile market we are currently facing,” said James Haddaway, chief investment officer for Satori’s alternative investments platform and the Satori XL Program. “We appreciate Aushrif’s nimble portfolio management and well-honed trading acumen, as well as the impressive track record he has achieved over the past seven years.”
Prior to launching Mountain Cove in 2013, Mr. Javeed worked as an analyst at Kleinheinz Capital Partners, focusing on global investments across a variety of sectors for a firm managing approximately $2 billion in assets. He also previously served as an analyst at SAC Capital with a focus on the technology sector, and he began his career as analyst at Lehman Brothers. Mr. Javeed received his B.A. in mathematics and economics from Yale University.
“Partnering with Satori Capital allows us to access the resources and insights of a large and experienced firm, while maintaining the agility that has been a key part of our investment success,” said Mr. Javeed. “We are enthusiastic about the growth we can achieve in operations, recruiting, business development, and many other areas through our partnership with Satori.”
About Mountain Cove
Based in Fort Worth, Texas, Mountain Cove is a fundamental global long/short equity fund founded in 2013. Mountain Cove invests in and actively trades large-cap U.S. equities, using both long and short positions to achieve absolute returns while maintaining a low net exposure, an approach designed to generate attractive returns regardless of market environment. Visit www.mountaincovecapital.com for more information.
About Satori Capital
Satori Capital is a Texas-based multi-strategy investment firm founded upon the principles of conscious capitalism. Satori’s private equity business partners with leadership teams of companies with $5 million to $25 million of EBITDA that operate with a long-term perspective, commit to their mission or purpose, and create value for all stakeholders. Satori’s alternatives investment platform, Satori Alpha, creates and manages customized portfolios designed to meet the unique objectives of sophisticated private investors, family offices, and institutions. Through its Satori XL Partnership Program, Satori partners with managers that it believes are highly skilled at generating sustainable alpha and would benefit from Satori’s experience, relationships, and resources, all in support of building thriving and enduring businesses. For additional information, please visit www.satoricapital.com.