Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  LEVITT MICHAEL J
 2. Date of Event Requiring Statement (Month/Day/Year)
08/01/2007		 3. Issuer Name and Ticker or Trading Symbol
Alternative Asset Management Acquisition Corp. [AMV]
(Last)
(First)
(Middle)
STONE TOWER CAPITAL LLC, 152 WEST 57TH STREET		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10019		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 3,881,250
I
See Footnote (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants (2)   (3) 07/31/2012 Common Stock 1,423,000 $ 7.5 I See Footnote (1)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LEVITT MICHAEL J
STONE TOWER CAPITAL LLC
152 WEST 57TH STREET
NEW YORK, NY 10019		   X      

Signatures

/s/ Paul Lapping, as power of attorney 08/01/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Mr. Levitt may be considered to have beneficial ownership of the 3,881,250 shares and 1,423,000 warrants held by STC Investment Holdings LLC. Mr. Levitt disclaims beneficial ownership of any shares and warrants in which he does not have any pecuniary interest.
(2) These Warrants have been purchased by STC Investment Holdings LLC for $1.00 per Warrant in a private placement.
(3) The Warrants will become exercisable upon the later of the completion of a business combination and Novermber 1, 2008.
 
Remarks:
Exhibit List - Exhibit 24 - Power of attorney

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