The second group more than doubled the size of the program and included representation from the founding partner schools – Clark Atlanta University, Howard University, Morehouse College, and Spelman College – and added four additional Historically Black Colleges and Universities (HBCUs). They are Florida A&M University, Hampton University, Morgan State University, and North Carolina A&T University.
“We now have 75 HBCU students participating in the AltFinance Fellowship program, which for the last year has been providing exposure, mentorship, investment skills training, and hands-on experience to jumpstart long-term careers in the alternative investment industry,” Shaw wrote in a LinkedIn post.
The 44 participants are evenly divided between sophomores and juniors, and one-half are women. There are two students from Tennessee.
Sponsors include Apollo Global Management Inc., Ares Management Corporation, and Oaktree Capital Management L.P. which are investing $90 million over 10 years so HBCU students interested in finance can gain exposure, mentorship and hands-on experience to jumpstart a career in alternatives. Another collaborator is Management Leadership for Tomorrow.