Marcus Shaw-led AltFinance welcomes second cohort of 44 fellows
AltFinance, an initiative led by Marcus Shaw, former Chief Executive Office of Chattanooga’s CO.LAB, has recently admitted 44 students as fellows in its second class.
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.