Howard University Announces $10 Million Gift from HPS Investment Partners and The
School of Business receives one of the largest gifts in history that will be used to create the HPS Center for Financial Excellence and develop best-in-class programs focused on finance and private investment
Howard University today announces a $10 million gift from HPS Investment Partners, LLC (HPS) and The Kapnick Foundation. The gift will be used to create the HPS Center for Financial Excellence at Howard University School of Business, which will focus on helping students better prepare for careers in private investment and investment banking.
Howard University today announces a $10 million gift from HPS Investment Partners, LLC (HPS) and The Kapnick Foundation. The gift will be used to create the HPS Center for Financial Excellence at Howard University School of Business, which will serve as a platform for experiential learning, giving students access to the latest technology and relevant software through the expansion and enhancement of a finance lab.
Washington, D.C., March 16, 2021 (GLOBE NEWSWIRE) — Howard University today announced that it has received a $10 million gift from HPS Investment Partners, LLC (HPS) and The Kapnick Foundation. The gift will be used to create the HPS Center for Financial Excellence at Howard University School of Business, which will focus on helping students better prepare for careers in private investment and investment banking.
The new HPS Center for Financial Excellence at Howard University School of Business will serve as a platform for experiential learning, giving students access to the latest technology and relevant software through the expansion and enhancement of a finance lab. The center will also introduce a unique academy for finance students to take advantage of professional development opportunities, internships with HPS and focused recruitment opportunities with other firms. In addition to the physical space, the gift will support the development of new programs and curriculum to teach students the fundamentals of private equity, investment banking and investment management.
“African-American students have historically been overlooked in recruitment efforts for careers in private investment and investment banking, but many firms are beginning to recognize the need to build a more diverse pipeline and the tangible benefits it has for their businesses,” said Howard University School of Business Dean Anthony Wilbon, Ph.D. “We could not be more grateful to HPS and The Kapnick Foundation for making this tremendous investment in Howard students. This partnership will make a major difference by providing a pathway for Howard students to become leaders in these important sectors of the financial service industry.”
“When Black professionals have struggled to succeed in the financial industry, they have been held back by a lack of access and opportunity, not a shortage of talent or capability,” said Howard University President Wayne A. I. Frederick, M.D., MBA. “This problem requires a pipeline from HBCUs to major firms within the industry. But in addition, we have to provide our students with the best experiences available, so they are positioned to compete for top jobs and move the industry forward as…
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