Apollo, Ares and Oaktree to Launch $90 Million Initiative for Students at Historically Black Colleges and Universities - Seite 2

Ares Management Chief Executive Officer and President Michael Arougheti said, “Ares is firmly committed to being an agent for positive change across our company and industry, and we believe we have the resources and passion to make a sustainable impact in the lives of others. Through our partners within AltFinance, and our groundbreaking partnership with three leading HBCUs, MLT and Wharton, we are accelerating our efforts to foster diversity both within our respective organizations and the alternative investment industry more broadly. Our objective is to provide these students with the knowledge, resources and employment opportunities needed to succeed and thrive as professionals. We are excited to be taking this momentous stride forward and hope we have inspired others in our industry to join us in our efforts in the future.”

Oaktree Co-Chairman Howard Marks said, “Success in our industry requires creative, often contrarian thinking and the avoidance of groupthink. This can be tough to achieve if the workforce – and particularly those in senior roles – mostly reflect a common background. Working with HBCUs will allow alternative investment managers to tap into a deep talent pool that this industry has often overlooked. Black scholars have always possessed the ambition and skill needed to succeed in alternative investing; only broad access to opportunities has been missing.”

AltFinance recognizes the need to create greater access for promising HBCU students for careers in alternative investing, including opportunities with the three firms as well as within the broader financial services industry.

“The alternatives investment industry is one of the most influential industries in the world. It’s a field for smart, creative and passionate people who can develop and execute ideas that break the mold. HBCU students should be prominent among the next generation of leaders for the industry,” said John Rice, founder and CEO, MLT. “AltFinance will be transformational for its future participants. They will have the chance to learn about investing and apply those skills to accelerate their trajectory as well as have a positive impact on our communities. It will be a game-changer for every one of them.”