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Clark Atlanta University Named Partner in $ 90 Million Black Talent Alternative Investment Career Initiative

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"Investing in the future of our students at Clark Atlanta University is essential for the creation of pipelines."

The "AltFinance: Investing in Black Futures" ™, announced today by leading investment firms: Apollo Global Management, Inc., Ares Management Corp. and Oaktree Capital Management LP, is a pioneering initiative in the industry. It will be managed by ALT Finance Corp., a non-profit organization established by the three founding investment companies. Each company is committing $ 3 million a year for the next 10 years to fund the organization, marking the first significant commitment by various companies to increase opportunities in the alternatives industry.

AltFinance's initial initiative partnership will be with Clark Atlanta University Morehouse College and Spelman College . It is designed to diversify the alternative investment industry by attracting, training and providing professional development, mentoring scholarships, and scholarship opportunities for college students at the three inaugural HBCUs, all of which are part of the Atlanta University Center Consortium (AUCC).

"Investing in the future of our students at Clark Atlanta University is paramount to creating pipelines designed to increase diversity in all industries, specifically the alternative investment industry," said President George T. French, Jr.

"We are truly grateful to Apollo Global Management, Inc., Ares Management Corporation, and Oaktree Capital Management, LP for their vision to partner and form AltFinance. This investment will undoubtedly empower Clark Atlanta scholars and prepare them to be globally competitive in the alternative investment industry Scholarship with Clark Atlanta University will award our scholars much needed scholarships, presentations to industry experts, create opportunities to establish contacts and give them access to resources from the University of Pennsylvania Wharton School and Management Leadership for tomorrow. The students at Clark Atlanta University are extraordinary, and associations like this open doors for them to show the world their brilliance. "

In addition, there will be a virtual institute that will offer a curriculum designed by the Wharton School at the University of Pennsylvania .

Students selected for the mentoring scholarships will work directly with an industry mentor and they will learn all aspects of finance and alternatives. The scholarship program will be conducted in partnership with Management Leadership for Tomorrow (MLT), a national non-profit organization that works to ensure that you are the first major multi-company engagement to increase opportunities in the alternatives industry.

About Clark Atlanta University [1 9459011]

Established in 1988 by the historical consolidation of Atlanta University (1865) and Clark College (1869). Clark Atlanta University continues a 150-year legacy rooted in African-American tradition and focused on the future. Through global innovation, transformative educational experiences, and a high-value commitment. CAU cultivates elevated lives that transform the world. Notable alumni include: James Weldon Johnson ; American Civil Rights Activist, Poet and Songwriter (Raise Every Voice and Sing "The Black National Anthem"; Ralph David Abernathy Sr. American Civil Rights Activist; Congressman Hank Johnson Georgia District 4; Kenya Barris Award-winning American film and television producer; Kenny Leon Tony Award-winning Broadway director; Jacque Reid Emmy Award-winning Television personality and journalist ; Brandon Thompson NASCAR Vice President of Diversity and Inclusion; Valeisha Butterfield Jones Director of Diversity and Inclusion at Recording Academy For more information on Clark Atlanta University visit

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