Exhibit 4.1 







[SPECIMEN UNIT
CERTIFICATE] 



	NUMBER 

      U-
      	

                                                                                                 UNITS
 

      _________
      








ALTERNATIVE ASSET MANAGEMENT ACQUISITION
CORP.  

Incorporated Under the Laws of the State of Delaware  



CUSIP 411192 206 



SEE REVERSE FOR 

                               CERTAIN DEFINITIONS 



UNITS CONSISTING OF
ONE SHARE OF COMMON STOCK AND 

ONE WARRANT EACH TO PURCHASE ONE SHARE OF COMMON STOCK 




This certifies that
__________________________ is the owner of __________________________ Units.  



Each Unit (“Unit”) consists of one
(1) share of common stock, par value $0.0001 per share (“Common Stock”), of Alternative Asset Management
Acquisition Corp., a Delaware corporation (the “Company”), and one warrant (each a
“Warrant”). Each Warrant entitles the holder to purchase one (1) share of Common Stock
for $7.50 per share (subject to adjustment). Each Warrant will become exercisable on the
later of (i) the Company’s completion of a merger, capital stock exchange, asset
acquisition or other similar business combination and (ii) _________, 2008, and will
expire unless exercised before 5:00 p.m., New York time, on _________, 2012, or earlier
upon redemption. The Common Stock and Warrants comprising the Units represented by this
certificate are not transferable separately prior to five business days following the
earlier to occur of the expiration of the underwriters’ over-allotment option and the
exercise in full by the underwriters of such option. The terms of the Warrants are
governed by a Warrant Agreement, dated as of _________, 2007, by and between the Company
and Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to the
terms and provisions contained therein, all of which terms and provisions the holder of
this certificate consents to by acceptance hereof. Copies of the Warrant Agreement are on
file at the office of the Warrant Agent at 17 Battery Place, New York, New York 10004,
and are available to any Warrant holder on written request and without cost. 



This certificate is not valid unless
countersigned by the Transfer Agent and Registrar of the Company. 



Witness the facsimile seal of the
Company and the facsimile signatures of its duly authorized officers. 



	
      Dated:
_________, 2007                            

    	  	[Corporate Seal]
                                                                                                     

      Delaware
                     	  	
      

      Authorized Officer   

    







 
	 	
	 
















Alternative Asset Management
Acquisition Corp. 



        The
Company will furnish without charge to each stockholder who so requests, a statement of
the powers, designations, preferences and relative, participating, optional or other
special rights of each class of stock or series thereof of the Company and the
qualifications, limitations, or restrictions of such preferences and/or rights. This
certificate and the Units represented hereby are issued and shall be held subject to the
terms and conditions applicable to the securities underlying and comprising the Units. 



        The
following abbreviations, when used in the inscription on the face of this certificate,
shall be construed as though they were written out in full according to applicable laws
or regulations: 



	  	
TEN
COM        	as tenant in common                                	UNIF GIFT MIN ACT_________
                 Custodian
                                                                                                 _________

                                           
      (Cust)                              
                (Minor)          
	 	TEN ENT        	tenants by the entireties
                                               	Under Uniform Gifts to Minors Act:


      _____________________
                                                                                                 

      (State) 
	 	 	 	 
	 	JT
TEN         	as joint tenants with right of survivorship and                         not
as tenants in common 	 
	 	 	 	 
	 	Additional
abbreviations may also be used though not in the above list.	 






For value received,
______________________ hereby sells, assigns and transfers unto ________________________  


	
      PLEASE INSERT SOCIAL SECURITY OR
OTHER 

  IDENTIFYING NUMBER OF ASSIGNEE 

    	    
	 	 
	
      

    	 





	
      

    
	  
(PLEASE
PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) 






__________________ Units represented
by the within Certificate, and do hereby irrevocably constitute and appoint
____________________ Attorney to transfer said Units on the books of the within named
Company with full power of substitution in the premises.  



	Dated _____________________ 	  	
      

      Notice: The
signature to
this
assignment
must
correspond
with the name
as written
upon the face
of the
certificate in
every
particular,
without
alteration or
enlargement or
any change
whatever.  






Signatures(s) Guaranteed: 




	
      

    
	THE
SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS,
STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN
APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15).