Aurora Investment Management, a Chicago-based alternative investment manager, is to provide early-stage capital to funds managed by Sentinel Dome Partners, an opportunistic event-driven manager.
Sentinel Dome was founded by chief investment officer Munir Alam and chief operating officer Kirk Dizon in early 2014.
Prior to founding Sentinel Dome, Alam was co-portfolio manager of Watershed Asset Management, an event-driven credit focused firm with over USD1 billion in assets under management.
Alam says: “Our team looks forward to building an investment organisation focused on generating superior risk-adjusted returns. We are fortunate to receive the support of the entire Aurora team who has the history of being an early investor in many of today’s marquee investment organisations.”
Sentinel Dome employs an opportunistic event-driven strategy focusing on mispriced assets and complex situations across the capital structure. Sentinel Dome runs a concentrated portfolio of high conviction ideas which are selected through a process that seeks to identify undervalued opportunities as well as catalysts to unlock intrinsic value.
Alam says: “Our deep, long-term understanding of businesses combined with our rigorous process help us source attractive investment opportunities across the capital structure. Ongoing corporate activity, dislocations in select sectors and uncertainty in the overall environment continue to create opportunities for the strategy.”
Aurora’s chief investment officer Justin Sheperd says: “We feel Munir’s vast level of experience combined with Sentinel Dome’s flexible, opportunistic approach will allow them to generate attractive returns across various market cycles.”