EXHIBIT 31.2

CERTIFICATION OF
CHIEF FINANCIAL OFFICER OF                                   ALTERNATIVE ASSET MANAGEMENT
ACQUISITION CORP.

I, Paul Lapping, certify that:

|1. |  | I
have reviewed this quarterly report on Form 10-Q of Alternative Asset Management
Acquisition Corp.;
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|2. |  | Based
on my  knowledge,  this report does not contain any untrue  statement of a material  fact
or omit to          state a material fact necessary to make the  statements  made, in
light of the  circumstances  under which          such statements were made, not
misleading with respect to the period covered by this report;
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|3. |  | Based
on my  knowledge,  the  financial  statements,  and other  financial  information
 included  in this          report,  fairly present in all material respects the
financial  condition,  results of operations and cash          flows of the registrant as
of, and for, the periods presented in this report;
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|4. |  | The
 registrants  other  certifying  officer(s) and I are  responsible for  establishing
 and maintaining          disclosure controls and procedures (as defined in Exchange Act
Rules 13a-15(e) and 15d-15(e)):
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(a)
     Designed such disclosure controls and procedures, or caused such disclosure controls
and procedures to be designed under our supervision, to ensure that material information
relating to the registrant, including its consolidated subsidiaries, is made known to us
by others within those entities, particularly during the period in which this report is
being prepared;

(b)
     Evaluated the effectiveness of the registrants disclosure controls and procedures
and presented in this report our conclusions about the effectiveness of the disclosure
controls and procedures, as of the end of the period covered by this report based on such
evaluation; and

(c)
     Disclosed in this report any change in the registrants internal control over
financial reporting that occurred during the registrants most recent fiscal quarter (the
registrants fourth fiscal quarter in the case of an annual report) that has materially
affected, or is reasonably likely to materially affect, the registrants internal control
over financial reporting.

|5. |  | The
registrants  other certifying  officer(s) and I have disclosed,  based on our most
recent  evaluation          of internal  control over financial  reporting,  to the
 registrants  auditors and the audit committee of          the registrants board of
directors (or persons performing the equivalent functions):
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(a)
     All significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to adversely affect
the registrants ability to record, process, summarize and report financial information;
and

(b)      Any fraud, whether or not material, that involves management or other employees who have a
significant role in the registrants internal control over financial reporting.

|Dated: November 14, 2007 |  | /s/ Paul D. Lapping                                                                                             
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|                         |  | Paul D. Lapping

                                                                 
      Chief Financial Officer