Morningstar discloses 17% MCP connector adoption, PitchBook client mix, Medalist Rating traction

Filed June 25, 2026 · Period ending June 25, 2026 · ~1 min read

Key Changes

• high

  17% of PitchBook client accounts accessed the MCP connector in H1 2026, with hundreds of Direct Platform clients also adopting the Morningstar connector and a strong trial pipeline.

  Exhibit 99.1 verify on EDGAR →
• high

  Morningstar secured an agreement with a top US wealth manager managing over $4 trillion in client assets to provide qualitative analyst coverage via the Morningstar Medalist Rating.

  Exhibit 99.1 verify on EDGAR →
• medium

  PitchBook's client base breaks down as 37% investors (PE, VC, asset managers, LPs), 28% companies, 27% service providers (investment banks, commercial banks), and 3% non-core as of March 2026.

  Exhibit 99.1 verify on EDGAR →