Promote Giving – A New Model for Performance-Driven Giving (EP.496)

Joel Holsinger, co-head of ARIES $50 Billion Alternative Credit Strategy, discusses Promote Giving, a philanthropic initiative encouraging alternative asset managers to pledge a percentage of their promote to charity. Holsinger shares his background and the inspiration behind his commitment to philanthropy, stemming from his family's involvement in healthcare and mission work. He recounts how he integrated a charitable component into his role at Aries, leading to the creation of the Pathfinder family of funds, where 10% of the promote goes to global health and education. The initiative has already accrued over $50 million for charitable causes. Holsinger also highlights success stories, such as the development of a surgical center in Zimbabwe and a mentorship program for girls in rural India.