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UL LLC
Jennifer Scanlon runs UL LLC, the family office spun from Underwriters Laboratories' fortune, investing in industrial tech, real estate, and energy...
UL LLC
UL LLC is the family office entity linked to the wealth generated by Underwriters Laboratories, the safety certification firm founded in 1894. The office is led by President and CEO Jennifer Scanlon, appointed to oversee the family's capital. Wealth origin traces to the original founding families of UL, but specific names remain undisclosed. The office pursues a multi-asset strategy including private equity, real estate, and energy transition investments. UL LLC's portfolio includes direct stakes in industrial technology companies and renewable energy projects. Geographic focus centers on North America with select positions in Europe. Confirmed investments include a partnership with the private equity firm Wind Point Partners on acquisitions in the industrial sector. Team size is not publicly disclosed. The office maintains a low profile with minimal public communications. A 2024 event saw the office increase its real estate holdings through the acquisition of a commercial property in the Chicago metro area, per local property records. UL LLC's structural differentiator is its direct lineage from a century-old certification organization, giving it a long-term capital base and deep industry knowledge in safety and compliance. The office operates with minimal external marketing, relying on its institutional roots to source deals.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Northbrook
Corporate office
Northbrook, IL, United States
Principals
Jennifer Scanlon
President and CEO
Sector focus
Frequently asked questions
Who makes investment decisions at UL LLC?
President and CEO Jennifer Scanlon leads the investment team. The firm has not publicly named other investment professionals. Investment decisions likely involve a small team given the office's scale and low profile.
What is the wealth origin behind UL LLC?
The office manages capital derived from the founding families of Underwriters Laboratories, the safety certification organization established in 1894. The specific family names are not publicly associated with UL LLC.
Does UL LLC invest directly or through funds?
UL LLC pursues direct investments as well as partnerships with private equity firms. A known example is co-investing alongside Wind Point Partners in industrial acquisitions. The office also holds real estate assets directly.
What sectors does UL LLC focus on?
The office targets industrial technology, energy transition, real estate, and healthcare services. These sectors align with the legacy of Underwriters Laboratories in safety certification and testing.
Is UL LLC related to Underwriters Laboratories?
Yes, UL LLC is a separate entity that manages capital from the founding families of Underwriters Laboratories. It operates independently from the certification nonprofit but maintains a historical connection.
What is UL LLC's investment geographic focus?
The office primarily invests in North America, with a concentration in the US. It has also made select investments in Europe, but specific European portfolio companies are not publicly disclosed.
Does UL LLC make philanthropic contributions?
The office has not publicly disclosed a separate philanthropic foundation. Any giving likely occurs through private family structures not associated with UL LLC's investment portfolio.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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