KKR is proud to be a long-time supporter of Sponsors for Educational Opportunity (SEO). For more than 60 years, SEO is a nonprofit organization that has created a more just society by providing education and mentorship that bridges the gap between education and career opportunities for ambitious young people. , a peer-to-peer support and networking program. Programs like this are critical to KKR's own talent acquisition and development strategy, and several SEO graduates now hold senior leadership positions across his KKR.
At SEO's annual awards dinner, KKR and Global Infrastructure Partners (GIP) announced they will be founding sponsors of Alternative Futures, a new program focused on undergraduate students. KKR and GIP will each commit $1.25 million over the next five years to build the first-of-its-kind program. KKR and GIP will work closely with SEO to increase the number of university students who are ready to enter the alternative investment sector directly from their undergraduate programs. The program aims to develop and support the next generation of leaders in the alternative sector at an earlier stage than previously possible through the provision of education, training and internships.
KKR's commitment to hiring professionals from diverse backgrounds is a key driver of KKR's support of organizations and has strengthened the close collaboration between KKR and SEO over the years. Since 2014, Henry Kravis, co-founder and co-executive chairman of KKR, has served as chairman of the board of his SEO and is responsible for his SEO's mission to enable lifelong achievement for thousands of talented young people. I am dedicated to leading the expansion of my work.
Alternative Futures is helping SEO connect with other talent developments, including the Alternative Investments Fellowship Program (AIFP), which was launched in 2009 with founding support from KKR and has helped connect hundreds of talented professionals to career opportunities. We're building on the success we've seen in our program. In alternative spaces. The new program will work with his AIFP to complete the cycle of talent development, ranging from undergraduate students to experienced professionals, making it a go-to program focused on making opportunities in alternative fields more accessible. Strengthen his SEO as a provider.
KKR looks forward to supporting the full range of SEO programs related to providing opportunities for all levels and people in the alternative industry.