February 21, 2019
Sixers owner and private equity investment titan Josh Harris, along with his wife Marjorie Harris, gave a $10 million gift Thursday to the University of Pennsylvania’s Wharton School to establish a new alternative investments program at the school.
The program — named the Joshua J. Harris Alternative Investments Program — will focus on private equity, hedge funds, venture capital, and investment management, according to its new website.
Harris graduated from Penn in 1986 and co-founded private equity investment firm Apollo Global Management in 1990. The company now oversees $269 billion in assets, according to Forbes, and Harris serves as Apollo’s senior managing director.
“As an alternative investments trailblazer, Josh is a role model for our students and an incredible friend to the Wharton School,” Wharton Dean Geoffrey Garrett said in a release. “His and Marjorie’s gift is a generous investment in students who seek a better understanding of the industry."
On top of owning the Sixers, the team he bought in 2011 for $280 million, Harris also owns the NHL’s New Jersey Devils and a partial owner of the English Premier League’s Crystal Palace soccer club.
Harris also serves as a member on Wharton’s Board of Overseers, and he and his wife gifted the school the Harris Family Endowed Scholarship to support undergraduate Wharton students from the Washington, D.C., area.