MSDL

Morgan Stanley Direct Lending Fund

—

Insider Sentiment

Last purchase: 2026-03-05
Last sale: —
Shares purchased (TTM): 112,587
Shares sold (TTM): 0

Buy ratio (TTM)100.0%

Institutional Sentiment

As of: 2026-06-30
Institutional shares owned: 37,847,939
Shares outstanding: 84,754,809
Ownership: 44.66%

+12.74% Y/Y

Earnings Market Reaction

Filing date: 2026-08-06
Price on filing date: —
1-month reaction: -1.75%
3-month reaction: …

Drift continued4/10 (40%)

Faded / reversed6/10 (60%)

Export data

Recent filings

10-Q2026-06-30Filed 2026-08-06
10-Q2026-03-31Filed 2026-05-07
10-K2025-12-31Filed 2026-02-26
10-Q2025-09-30Filed 2025-11-06
10-Q2025-06-30Filed 2025-08-07
10-Q2025-03-31Filed 2025-05-08
10-K2024-12-31Filed 2025-02-27
10-Q2024-09-30Filed 2024-11-07
10-Q2024-06-30Filed 2024-08-08
10-Q2024-03-31Filed 2024-05-09
10-K2023-12-31Filed 2024-03-01
10-Q2023-09-30Filed 2023-11-02

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Balance Sheet

Values in millions ($)

Line item	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Investment Unaffiliated Issuer	-3,263	3,663	206	-3,771	4	3,822	3,813	-	-	-	-	-
Assets
Investment Owned At Fair Value	3,554	3,669	3,772	3,776	3,785	3,788	3,791	3,640	3,514	3,293	3,194	3,123
Cash And Cash Equivalents At Carrying Value	66	81	81	65	52	69	63	90	95	65	70	88
Dividend And Interest Receivable	-	-	-	-	-	-	31	32	28	29	29	26
Short Term Investments	14	20	13	10	27	-	9	-	-	-	-	-
Debt Issuance Costs Line Of Credit Arrangements Net	19	16	17	18	19	20	16	17	17	13	14	15
Prepaid Expense And Other Assets	-	-	-	-	-	-	1	11	2	0	0	24
Receivable Investment Sale	30	5	0	15	0	0	0	2	0	0	0	0
Other Assets	0	5	10	18	12	7	1	-	-	-	-	-
Assets	3,711	3,825	3,920	3,932	3,922	3,912	3,912	3,793	3,656	3,401	3,307	3,277
Liabilities
Long Term Debt	1,982	2,053	2,087	2,072	2,050	2,009	1,973	1,842	1,664	1,487	1,496	1,718
Dividends Payable Current And Noncurrent	38	38	43	43	44	44	53	54	45	44	50	43
Management Fee Payable	9	9	10	10	10	9	7	7	6	5	2	2
Share Repurchase Program Excise Tax Payable	-	-	-	-	-	0	-	-	-	-	-	-
Incentive Fee Payable Income Based	-	-	7	-	9	-	9	-	-	-	-	-
Interest Payable Current And Noncurrent	19	25	21	22	16	16	21	16	21	9	19	9
Payable Investment Purchase	0	0	0	0	0	2	0	7	31	3	0	-
Accounts Payable Other Current And Noncurrent	0	0	0	0	0	0	0	0	2	3	3	1
Accrued Liabilities And Other Liabilities	8	3	4	4	3	4	6	6	15	4	4	4
Liabilities	2,063	2,134	2,172	2,161	2,132	2,094	2,070	1,940	1,794	1,564	1,586	1,795
Stockholders Equity
Preferred Stock Value	0	0	0	0	0	0	0	0	0	0	0	-
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital Common Stock	-	-	1,768	-	-	-	1,812	-	-	-	-	-
Additional Paid In Capital	1,740	1,753	-	1,779	1,782	1,802	1,812	1,824	1,832	1,821	1,713	1,482
Common Stock Share Subscribed But Unissued Subscriptions Receivable	-	-	-	-	-	-	-	-	-	-	-	-213
Retained Earnings Accumulated Deficit	-93	-63	-20	-8	8	15	30	30	30	16	8	-0
Stockholders Equity	1,648	1,690	1,748	1,772	1,790	1,818	1,842	1,854	1,862	1,837	1,721	1,481
Liabilities And Stockholders Equity	3,711	3,825	3,920	3,932	3,922	3,912	3,912	3,793	3,656	3,401	3,307	3,277
Net Asset Value Per Share	19.50	19.81	20.26	20.41	20.59	20.65	20.81	20.83	20.83	20.67	20.67	20.57
Investment Affiliated Issuer Noncontrolled	2	2	1	-1	0	5	0	-	-	-	-	-
Investment Affiliated Issuer Controlled	10	95	-	-	-	-	-	-	-	-	-	-
Restricted Cash And Cash Equivalents	9	4	4	4	4	2	2	2	2	-	0	-
Investment Owned At Cost	3,677	3,768	3,839	3,838	3,831	3,827	3,813	3,663	3,542	3,324	3,227	3,159
Other Short Term Investments	-	20	13	10	-	-	9	-	-	-	-	-
Deferred Finance Costs Net	9	10	11	11	9	6	7	7	8	5	6	6
Preferred Stock Par Or Stated Value Per Share	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Preferred Stock Shares Authorized	1	1	1	1	1	1	1	1	1	1	1	-
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	-
Preferred Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0	0	-
Common Stock Par Or Stated Value Per Share	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Common Stock Shares Authorized	500	500	500	500	500	500	500	100	100	100	100	100
Common Stock Shares Issued	85	85	86	87	87	88	89	89	89	89	83	72
Shares Outstanding	85	85	86	87	87	88	89	89	89	89	83	72

Select a line item above to chart it.

Recent filings

10-Q2026-06-30Filed 2026-08-06
10-Q2026-03-31Filed 2026-05-07
10-K2025-12-31Filed 2026-02-26
10-Q2025-09-30Filed 2025-11-06
10-Q2025-06-30Filed 2025-08-07
10-Q2025-03-31Filed 2025-05-08
10-K2024-12-31Filed 2025-02-27
10-Q2024-09-30Filed 2024-11-07
10-Q2024-06-30Filed 2024-08-08
10-Q2024-03-31Filed 2024-05-09
10-K2023-12-31Filed 2024-03-01
10-Q2023-09-30Filed 2023-11-02

Financial statements beyond 3 years are for subscribers only.

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Morgan Stanley Direct Lending Fund (MSDL) — SEC Financial Statements & Analysis

Morgan Stanley Direct Lending Fund (MSDL) is a not available company, incorporated in DE. Morgan Stanley Direct Lending Fund trades on NYSE as: MSDL. Morgan Stanley Direct Lending Fund (MSDL)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-08-06. Based on that filing, Morgan Stanley Direct Lending Fund carries a market cap of $1.28B, a P/E ratio of 21.45x, a P/B ratio of 0.78x, an enterprise value of $3.20B, and an EV/EBITDA multiple of 16.86x. On profitability, it posts a Return on Equity (ROE) of 3.48% and a Return on Invested Capital (ROIC) of 5.16%. Per share, it reports EPS of $0.70, diluted EPS of $0.70, free cash flow per share of $3.34, and a dividend per share of $1.99. Over the trailing year, it posted net income growth of -64.98% year-over-year and EPS growth of -63.97% year-over-year. On the balance sheet, it maintains an interest coverage ratio of 1.46x, free cash flow of $282.91M (TTM), and net debt of $1.92B. Figures sourced from SEC EDGAR.

Market Cap: $1.28B
P/E TTM: 21.45x
EPS TTM: $0.70
P/B TTM: 0.78x
ROE TTM: 3.48%
Free Cash Flow TTM: $282.91M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Morgan Stanley Direct Lending Fund in?

Morgan Stanley Direct Lending Fund (MSDL) operates in the Not Available industry.

What exchange does MSDL trade on?

Morgan Stanley Direct Lending Fund (MSDL) trades on the NYSE.

Where is Morgan Stanley Direct Lending Fund incorporated?

Morgan Stanley Direct Lending Fund is incorporated in DE.

When was Morgan Stanley Direct Lending Fund (MSDL)'s most recent SEC filing?

Morgan Stanley Direct Lending Fund (MSDL)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-08-06.

What is MSDL's market cap?

Morgan Stanley Direct Lending Fund (MSDL) has a market capitalization of $1.28B as of 2026-06-30.

What is MSDL's P/E ratio?

Morgan Stanley Direct Lending Fund (MSDL)'s trailing twelve month P/E ratio is 21.45x as of 2026-06-30.

What is MSDL's EPS (earnings per share)?

Morgan Stanley Direct Lending Fund (MSDL)'s trailing twelve month EPS is $0.70 as of 2026-06-30.

What is MSDL's ROE (return on equity)?

Morgan Stanley Direct Lending Fund (MSDL)'s trailing twelve month Return on Equity (ROE) is 3.48% as of 2026-06-30.

What is MSDL's ROIC (return on invested capital)?

Morgan Stanley Direct Lending Fund (MSDL)'s trailing twelve month Return on Invested Capital (ROIC) is 5.16% as of 2026-06-30.

What is MSDL's EV/EBITDA?

Morgan Stanley Direct Lending Fund (MSDL)'s trailing twelve month EV/EBITDA is 16.86x as of 2026-06-30.

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MSDL

Company Information

Insider Sentiment

Institutional Sentiment

Earnings Market Reaction

Recent filings

Recent filings

Morgan Stanley Direct Lending Fund (MSDL) — SEC Financial Statements & Analysis

Frequently Asked Questions

Wall Street's data.Main Street's price.

Wall Street's data.
Main Street's price.