The idea is that simple.

Your degree and to give at least 5% of your promote of a fund or fund series, it doesn't even have to be the entire firm, to philanthropy, whether it's housing, whether it's health, whether it's education, whether it's homelessness, whether it's climate.

Whatever the passion is from that particular group.

I'm Ted Sides, and this is Capital Allocators.

My guest on today's special episode is Joel Holsinger, co-head of Ares'

$50 billion alternative credit strategy.

In addition to his long and stellar career in the credit markets,

Joel spearheaded the launch of promote giving,

a philanthropic initiative similar to Warren Buffett and Bill Gates' giving pledge,

designed for alternative asset managers.

Our conversation covers Joel's path to engaging in philanthropy,

starting from humble beginnings to now making grants of $5 million in 2025 through Ares

and launching promote giving in October.

The proposition of promote giving is simple.

GPs commit up to 5% of their promote on at least one fund to give

to a charity of their choice. With 10 signatories and more than $35 billion in AUM pledged to

participate already, promote giving is quickly growing the movement to managers across asset classes.

It's the giving pledge applied to investment firms,

and I can't imagine a better use of this space than to spread the work. Learn more and pledge to

give at promotegiving.org. Before we get going, it's travel season. Partner meetings, board meetings, the Capital Alicator's

CIO summit, Omaha for Berkshire, and Milken. Across planes, trains, and automobiles,

you're bound to run into a few snacks. When they're unavoidable, I try to remember Will

...