Jun-Yi Xie

Jun-Yi Xie of Wells Fargo & Company inquired about a recent competitor's acquisition, the company's M&A pipeline, and the reasons for the organic growth moderation in the Software and Advisory segment.

Answer

President & CEO Jennifer Scanlon stated that UL Solutions remains disciplined and active in M&A, evaluating deals based on strategic fit with their product TIC focus. She explained the Software and Advisory moderation was due to weakness in the advisory business, specifically in US renewables and healthy buildings, while noting the software business itself grew 6% organically.

Jun-Yi Xie, on for Jason Haas, asked for an update on the adoption trends for private capital solutions in the U.S. and internationally, and the strategies being used to drive growth.

Answer

Chairman & CEO Henry Fernandez explained that after a period of internal integration post-Burgiss acquisition, MSCI is now executing its expansion plan. The core strategy is to provide the transparency needed to unlock greater allocations to private assets from both institutional and wealth clients. A key initiative is creating evaluated prices, starting with private credit, to give clients a better sense of value.