EXHIBIT 31.2

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

I, Paul D. 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 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 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: May 13, 2008 | /s/ Paul D. Lapping
      
      Paul D. Lapping 
      Chief Financial Officer
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