Howard University Named As Partner In $90 Million Initiative To Create Diverse Pipeline To Alternative Finance Industry

Howard University is pleased to be named one of four historically Black colleges and universities (HBCUs) to participate in a $90 million joint initiative that will provide students with clear pathways to careers in the alternative investment industry. Three leading investment firms, Apollo Global Management, Inc. (Apollo), Ares Management Corporation (Ares) and Oaktree Capital Management, L.P. (Oaktree) launched “AltFinance: Investing in Black Futures™” to diversify the alternative investment industry by attracting, training and providing career opportunities for college students attending HBCUs. Each of the firms will contribute $3 million per year for 10 years, marking the first major multi-firm commitment to increase opportunities in the alternatives industry.