Dale LeFebvre (MBA 1998), founder and executive chairman of 3.5.7.11 Investments, was recently named by the nonprofit Horatio Alger Association of Distinguished Americans as a recipient of the 2024 Horatio Alger Award. For more than 75 years, the award has been annually bestowed upon esteemed individuals who have succeeded despite facing adversities, and who have remained committed to higher education and charitable efforts in their communities.

“Raised in Beaumont, Texas, Mr. LeFebvre learned from a young age that he’d have to work for every penny he earned,” according to the association. “He started his first business at age nine, cutting grass for neighbors. Along with his entrepreneurial spirit, Mr. LeFebvre had a passion for learning, which he attributes to his great-grandmother. Against the odds, Mr. LeFebvre attended the Massachusetts Institute of Technology (MIT) where he excelled, earning an internship with Senator Edward Kennedy, and later graduating with a bachelor’s degree in electrical engineering. After graduating from MIT, he joined McKinsey & Company as one of the first MIT graduates to be hired as a business analyst. Focused on continuing his education, however, he returned to school to concurrently pursue his Juris Doctor and MBA from Harvard Law and Harvard Business School. Leaving graduate school with $250,000 in debt, Mr. LeFebvre faced new financial pressures but believed in himself, the strength he witnessed in his great-grandmother, and the power of education and entrepreneurship.”

LeFebvre went on to become cofounder and managing partner for AIC International Investments. Then, in 2006, he founded 3.5.7.11, a privately owned equity investment firm. It has raised more than $1 billion in institutional capital in support of transportation, infrastructure, energy, financial services, and technology businesses. LeFebvre is also a patron of the John F. Kennedy Center for Performing Arts, the Smithsonian Institution, and the University of the Virgin Islands. In 2014, he was appointed by President Barack Obama to the Advisory Committee on the Arts at the Kennedy Center. An avid art lover, he was named a founding Milestone Donor of the Smithsonian National Museum of African American History and Culture after donating $1 million in 2016.

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Featured Alumni

Dale Lefebvre

MBA 1998

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