Fair Isaac (FICO) at Barclays TMT Conference on opportunities for price increases…. “Well, the short answer to the question is that there’s a lot of runway left. Our Scores business is as healthy as it’s ever been. It’s — our scores are used very widely, continue to be used very widely, and we expect that they’ll continue to be used very widely. And the reason is that they do the job they’re supposed to do. They’re very low cost and efficient way of evaluating credit. In terms of the special pricing, just a bit of background for those who are not familiar with it, we had 25 years of frozen pricing. We never raised the Scores price for 25 years. And so several years back, we started to raise the prices and that continues. And that’s because there’s a tremendous value gap between what we charge and the value that our customers get from using the score. We try not to shock the system. We try to be fair about it. We try to be thoughtful about it. But there continue to be opportunities for price increases. So the short version of the answer is continued strength in that business. Well, this is an ongoing process, and I imagine that for many, many years to come, they’ll continue to be us touching the portfolio in terms of pricing. What we do is go through it fairly methodically and look for pockets of an elastic demand. We look for places where the increases are less visible, less noticed. I mean it’s just good business practice. And that goes on. That happens every year. And it used to be that it was very easy to just point at some area that was — that got a step function increase, and we still some have to do that. And we may continue to do that. We probably will continue to do that. But I consider it success if no one even knows where the price increase happened.”

KKR (KKR) at Goldman Financials Conference on growth strategies… “We also have a lot of fundraises still coming to market. And we’ve been very active raising money. But if you look at this slide, this gives you a sense in the next 12 months what we see coming. There’s 28 line items on this slide, and this isn’t even everything. So we’ve got not only a significant amount of success behind us, but a lot of runway. And back to this point about visibility, there’s plenty still coming. So a year ago, $14 billion. As we sit here today, $39 billion. And you can see where this growth has come from. These are newer strategies for us, and they’re scaling very, very rapidly. And they’re leveraging resources and deal flow already in the firm. Another topic we talked about a year ago when we were together here was real assets. We started our real estate business and our infrastructure business 10, 12 years ago. Massive end markets, the TAM in these businesses is significant, and we are starting to inflect. So you can see the growth on the slide, $13 billion to $36 billion in a year in real estate, $15 billion to $40 billion in infrastructure. And in our business, and several of you know, it takes about 10 years to get to that inflection point. It’s about the time Fund III turns on. And we have several of our strategies that are right at that 10-, 12-year inflection point. That’s why you’re starting to see growth like this. And the really exciting thing from our standpoint is there’s much more ahead. This is just the beginning. We’re just at the beginning of the inflection part of the curve. Asset-based finance, another massive opportunity, another large end market for us. We now manage over $30 billion in asset-based finance. We have 15 specialty finance platforms. These are creating originated flow that works for Global Atlantic and third-party insurance investors and others. We have a fun business around this as well. You can see,, $4.5 trillion market. We think that’s going to be $7 trillion 5 years from now. So a massive end market growing very quickly. Asia, another very large opportunity for us, 8 of our 21 offices are in Asia. We were early to that part of the world in the alternative asset management universe, and we’re seeing significant scaling there as well. You can see 20 to 44 over a relatively short period of time. And what’s exciting is we’re bringing the rest of the firm to Asia. We started in private equity. And now we’ve brought credit infrastructure, real estate, technology growth.”

MasTec (MTZ) at the Barclays TMT Conference on the 5G opportunity for its Telecom business… “Our wireless business today, for the most part, is still a maintenance-driven business, right? You’ve got T-Mobile that’s in a heavy deployment. Outside of that, none of the other carriers are — everybody is deploying, but nobody is in a significant deployment mode right now. So the base to what we do is maintenance, and that’s never going to go away. And quite frankly, it’s one of the things that probably most excites us about our wireless business. If you think the network — if you think about the networks of the future, they’re going to have a lot more network element, right? Historically, a wireless network was all macro towers, you had some rooftops, you might have some antennas in other places. But for the most part, that’s what made up your wireless network. When you think about the future with what’s happening with small cells, with what’s happening an in-building solutions and networks. The wireless network is going to have multiple of the network elements that existed in the past, which is going to require a significant ramp-up in maintenance, right? So the maintenance business, I think, is going to be multiples of what it historically was. And as we continue to deploy and build, I think we’re going be in a great position to do that maintenance long term. I think integration and optimization are going to be critical elements of what we’re capable of doing over the long term as a lot of these carriers are dealing with, having to manage a network, it’s a lot bigger with more elements on it. We got into that space aggressively about 1.5 years ago, it’s performed well, but the reality is it’s a long-term play just because of how the network is going to change. So very exciting. We’re obviously gearing up and really prepared to work on the deployment phase, but there’s no question that over time, the maintenance opportunity in this business is far greater than it’s ever been.”

Equifax (EFX) at Barclays TMT Conference on International opportunities… “Yes, we’ll be opportunistic internationally. If we can find a market where there’s a stand-alone credit bureau that we can move into, we’ll make those acquisitions. You’ve just seen us do that in Latin America over the last couple of years. And of course, we did the big Australian acquisition, Veda, a number of years ago. There aren’t a lot of those out there, but we would definitely look to do that. We’re investing in the cloud. International will follow, North America, although Canada will be done next year. But the other markets will follow in ’23 and into ’24. And we’ll get leverage from a cost standpoint and margin standpoint as well as the top line benefits that we expect internationally. But we like our international business. We have a new leader, as you know, who took over the business in July. Lisa Nelson was leading our Australia business. And prior to that, our Canadian business. So she really understands the international footprint and operating that way. And we would like to be bigger international and it’s a big business for us. We’re early innings. We’re — I don’t want to get so far and early and just say we’re doing warm-ups in the batting cage, but we’re — we see a lot of opportunity. And the scale of workforce and now the capabilities near the leverage we have is the multinational relationships we already have with those direct company relationships we have, which 60% of our records. That’s an easy addition when we go into international markets because they want us to do the same service for them in their international markets. And then you got global payroll processors. There’s some of those out there that are software companies. And then you have just the depth of technology and capabilities we have allows us to really operate there.”

Safehold (SAFE) at Goldman Financials Conference on its markets…. “Yes, it’s been a good market. I mean last year, COVID obviously shut down a lot of the parts of the market that we participate in, development, refinancing the purchase and sale of real estate. We’ve seen it open up materially this year. We recently announced we closed our 100th ground lease deal, which is a major milestone for us, really proving out the idea that this is a better mousetrap. This is a — this modern ground lease is fundamentally different than the old ground leases, something our customers want. Our repeat customers are now making up almost 50% of our business. So once they try it, they really like it, they come back again and again. So when we think about the dynamics around our business, it’s a $7 trillion addressable market, about a $1 trillion of that does something every year, either gets developed, financed, bought or sold. So there’s a big, big, big market out there for us to attack. We think we’re still in the early innings. We get better at this business every day. As I said, I think we’re 10x larger than anybody else who’s even looked at the industry and is trying to follow in our shoe steps. But right now, the goal is to serve our customers with the best capital we can. As we get bigger, as our cost of capital comes down, we’re able to lower our cost of capital for them. And so that’s driving a lot of the origination activity as people start to see that our capital is better for them, whether it’s multifamily, whether it’s office, whether it’s hospitality, we’re actually starting to see a little bit of traction in life science. These are all exciting sort of dynamics for us that really augur well for the future.”