Morgan Stanley Direct Lending Fund (MSDL) Amortizatization of Intangibles (2022 - 2026)
Morgan Stanley Direct Lending Fund's (MSDL) quarterly Amortizatization of Intangibles came in at $3.5 million in Q1 2026, down 18.15% year-on-year from $4.3 million in Q1 2025, and up 2.84% on a QoQ basis from $3.4 million in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) Amortizatization of Intangibles (2022 - 2026) Analysis & Trends
Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Amortizatization of Intangibles data on file, last reported at $3.5 million in Q1 2026.
- On a quarterly basis, Amortizatization of Intangibles fell 18.15% year-over-year to $3.5 million in Q1 2026; TTM through Mar 2026 was $14.9 million, a 9.37% decrease from a year earlier, with the FY2025 full-year figure at $15.7 million, up 5.53% from the prior year.
- Amortizatization of Intangibles for Q1 2026 stood at $3.5 million, up from $3.4 million in the prior quarter.
- Over the last five years, Amortizatization of Intangibles for MSDL reached as high as $4.7 million in Q3 2024 and fell as low as $2.0 million in Q1 2022.
- Historically, Amortizatization of Intangibles has averaged $3.3 million across 5 years, with a median of $3.4 million in 2025.
- Across the five-year window, Amortizatization of Intangibles plunged 40.59% in 2023 and surged 118.11% in 2024, its largest moves.
- Year by year, Amortizatization of Intangibles stood at $2.5 million in 2022, then jumped by 60.34% to $4.0 million in 2023, then declined by 26.45% to $3.0 million in 2024, then grew by 15.35% to $3.4 million in 2025, then increased by 2.84% to $3.5 million in 2026.
- Per Business Quant data, the three most recent Amortizatization of Intangibles figures were $3.5 million in Q1 2026, $3.4 million in Q4 2025, and $4.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Amortizatization of Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,261.80 Bn | 1,217.21 Bn | 18.56 Bn | - |
| 2 | BlackRock | 165.12 Bn | 151.98 Bn | - | - |
| 3 | Blackstone | 103.58 Bn | 101.13 Bn | - | - |
| 4 | Brookfield Asset Management | 76.31 Bn | 75.26 Bn | - | - |
| 5 | Apollo Global Management | 73.95 Bn | 73.95 Bn | -409.00 Mn | 65.00 Mn |
| 6 | State Street | 51.18 Bn | 51.18 Bn | - | - |
| 7 | Ameriprise Financial | 50.08 Bn | 40.82 Bn | 4.57 Bn | - |
| 8 | Raymond James Financial | 34.03 Bn | 19.06 Bn | - | - |
| 9 | Northern Trust | 33.84 Bn | 33.84 Bn | - | 19.70 Mn |
| 10 | Morgan Stanley Direct Lending Fund | 1.31 Bn | 1.21 Bn | - | 3.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.52 Mn |
| Mar 31, 2026 | 3.52 Mn |
| Dec 31, 2025 | 3.42 Mn |
| Dec 31, 2025 | 3.42 Mn |
| Sep 30, 2025 | 4.12 Mn |
| Sep 30, 2025 | 4.12 Mn |
| Jun 30, 2025 | 3.86 Mn |
| Jun 30, 2025 | 3.86 Mn |
| Mar 31, 2025 | 4.30 Mn |
| Mar 31, 2025 | 4.30 Mn |
| Dec 31, 2024 | 2.97 Mn |
| Dec 31, 2024 | 2.97 Mn |
| Sep 30, 2024 | 4.66 Mn |
| Sep 30, 2024 | 4.66 Mn |
| Jun 30, 2024 | 4.53 Mn |
| Jun 30, 2024 | 4.53 Mn |
| Mar 31, 2024 | 2.71 Mn |
| Mar 31, 2024 | 2.71 Mn |
| Dec 31, 2023 | 4.03 Mn |
| Dec 31, 2023 | 4.03 Mn |