Episode Details

Welcome back to the Alt Goes Mainstream podcast.

Today’s episode features an industry titan who has been on the forefront of the intersection of alts and wealth.

We talk with Stephanie Drescher, Partner, Chief Client and Product Development Officer at Apollo and a member of the firm’s Leadership Team. She oversees the Client and Product Solutions Group (CPS), which includes Apollo’s Global Wealth Management Solutions, Institutional Sales, and Global Product teams. She is also involved with Apollo’s strategic investments in private markets, as a Board Observer at iCapital and a Board Member at Vega.

Stephanie is responsible for leading Apollo’s global wealth buildout, which is one of the firm’s strategic priorities. They’ve invested heavily in educational resources and have built out a specialized team to work with the wealth channel. Apollo has set a goal of achieving $150B from its global wealth business by 2029 and, in 2024, under Stephanie’s leadership the global wealth business exceeded the total capital raised in 2023 from the wealth channel.

Before joining Apollo in 2004, Stephanie was with JP Morgan for 10 years, working primarily in its Alternative Investment Group.

Stephanie and I had a fascinating conversation about how to build and scale a business in the wealth channel. We discussed:

• What is safe and what is risky?
• How can investors approach asset allocation and portfolio construction?
• How working with institutional investors has influenced and helped Stephanie think through how to work with investors in the wealth channel.
• The anatomy of building a wealth business.
• How critical is brand building when working with the wealth channel?

Thanks Stephanie for coming on the show to share your wisdom and expertise on private markets and work with the wealth channel.

A word from AGM podcast sponsor, Ultimus Fund Solutions

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Visit www.ultimusfundsolutions.com to learn more about Ultimus’ technology enhanced services and solutions or contact Ultimus Executive Vice President of Business Development Gary Harris on email at