Masters in Business Why Private Assets Are Essential: Masters in Business with Stephanie Drescher
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Jan 2, 2026 In this engaging conversation, Stephanie Drescher, Apollo’s Chief Client and Product Development Officer, shares insights from her impressive journey starting at JP Morgan. She discusses the growing importance of private markets and how they have become essential in investment portfolios, especially as public markets shrink. Stephanie highlights Apollo's unique company culture and their strategic focus on wealth distribution. Listeners will also learn about the innovative structures being introduced to make private markets more accessible to clients.
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Early Family Market Lessons
- Stephanie Drescher learned investing with her grandmother who read the Wall Street Journal cover to cover.
- They tracked stocks on the refrigerator when Stephanie was about 12, sparking her interest in finance.
Babysitting Led To An Internship
- Stephanie got an early internship by babysitting for a woman who ran a women-led healthcare consulting firm.
- That internship exposed her to professional analysis and client work and led her to finance and JP Morgan.
Dislocations Boost Private Markets
- In the late 1990s private equity fundraising felt niche and manager launches were rare.
- Market dislocations like the dot-com bust and GFC made private market value stories compelling and accelerated adoption.
