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Morgan Stanley Direct Lending Fund (MSDL) Accumulated Expenses (2022 - 2025)

Morgan Stanley Direct Lending Fund (MSDL) has disclosed Accumulated Expenses for 4 consecutive years, with $20.9 million as the latest value for Q4 2025.

  • Quarterly Accumulated Expenses rose 265.53% to $20.9 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $20.9 million through Dec 2025, up 265.53% year-over-year, with the annual reading at $20.9 million for FY2025, 265.53% up from the prior year.
  • Accumulated Expenses for Q4 2025 was $20.9 million at Morgan Stanley Direct Lending Fund, down from $22.2 million in the prior quarter.
  • The five-year high for Accumulated Expenses was $22.2 million in Q3 2025, with the low at $2.5 million in Q2 2025.
  • Average Accumulated Expenses over 4 years is $10.0 million, with a median of $8.9 million recorded in 2023.
  • Peak annual rise in Accumulated Expenses hit 287.83% in 2025, while the deepest fall reached 82.79% in 2025.
  • Over 4 years, Accumulated Expenses stood at $3.3 million in 2022, then grew by 25.2% to $4.1 million in 2023, then skyrocketed by 39.62% to $5.7 million in 2024, then surged by 265.53% to $20.9 million in 2025.
  • According to Business Quant data, Accumulated Expenses over the past three periods came in at $20.9 million, $22.2 million, and $2.5 million for Q4 2025, Q3 2025, and Q2 2025 respectively.