A minority- and veteran-owned fixed-income manager has joined with a provider of need-based scholarships to help the children of U.S. Marines pursue a college education.
Semper Capital Management LP, a New York firm with $2.8 billion in assets under management, has partnered with the Marine Corps Scholarship Foundation to create The Semper Capital Management Scholarship program, which will award scholarships to 10 at-need children of Navy and Marine corpsmen over the year. Each student who receives a scholarship will also be paired with a Semper employee to build a mentorship connection and reinforce the relationship between Semper Capital and the scholarship foundation.
"As a former Marine, I've always looked for ways to leverage the civilian platform I'm at to help give back to the community that's quite dear to my heart," said Greg Parsons, CEO of Semper Capital, in a phone interview.
Mr. Parsons added he "would like for this (scholarship program) to grow in size and scope. As Semper continues to grow, so does our commitment to the program."
The scholarship program is part of Semper's ongoing philanthropic mission.
Semper Capital has two veterans on its five-member board and two veterans among its five owners. The firm also has joined up with other veteran groups.
"We view ourselves as not just good fiduciaries of capital, but good corporate citizens," Mr. Parsons explained. "We look for ways to give back to the community."