History 2000 Sovereign Investment Research is founded by Ray King in early 2000 as a specialist alternative investment research and advisory business. 2005 Sarah Azzi joins as an Investment Analyst. 2007 Scott McNally joins as an Investment Analyst. 2008 Danny Cohen joins as an Investment Analyst. 2009 John Peterson joins as a Principal. Helen Murdoch joins as a Principal. Sovereign establishes strategic relationship with Cliffwater LLC.