Why Private Assets Are Essential: Masters in Business with Stephanie Drescher

Barry Ritholtz interviews Stephanie Drescher, Apollo's Chief Client and Product Development Officer, about her career, Apollo's investment philosophy, and the evolving landscape of private markets. Drescher discusses her early inspirations, her experiences at JP Morgan, and her 21-year tenure at Apollo, highlighting the firm's culture of innovation and client alignment through co-investment. The conversation explores the growth of private credit and equity, the shift from public to private holdings in portfolios, and the democratization of private markets, including the challenges and opportunities in the wealth channel. Drescher emphasizes the importance of origination and proprietary investment opportunities, and touches on the global trend of increasing access to private markets for individual investors.