Morgan Stanley Direct Lending Fund (MSDL) Asset Utilization Ratio (2023 - 2026)

Morgan Stanley Direct Lending Fund's (MSDL) quarterly Asset Utilization Ratio came in at 0.1 in Q1 2026, down 7.07% year-on-year from 0.11 in Q1 2025, and down 1.78% on a QoQ basis from 0.1 in Q4 2025.

Morgan Stanley Direct Lending Fund (MSDL) Asset Utilization Ratio (2023 - 2026) Analysis & Trends

Morgan Stanley Direct Lending Fund (MSDL) has 4 years of Asset Utilization Ratio data on file, last reported at 0.1 in Q1 2026.

  • On a quarterly basis, Asset Utilization Ratio fell 7.07% year-over-year to 0.1 in Q1 2026; TTM through Mar 2026 was 0.1, a 7.07% decrease from a year earlier, with the FY2025 full-year figure at 0.1, down 11.99% from the prior year.
  • Asset Utilization Ratio for Q1 2026 stood at 0.1, down from 0.1 in the prior quarter.
  • Over the last five years, Asset Utilization Ratio for MSDL reached as high as 0.11 in Q1 2024 and fell as low as 0.09 in Q1 2023.
  • Historically, Asset Utilization Ratio has averaged 0.11 across 4 years, with a median of 0.11 in 2025.
  • Across the five-year window, Asset Utilization Ratio soared 30.7% in 2024 and fell 9.16% in 2025, its largest moves.
  • Year by year, Asset Utilization Ratio stood at 0.11 in 2023, then declined by 3.33% to 0.11 in 2024, then fell by 6.3% to 0.1 in 2025, then declined by 1.78% to 0.1 in 2026.
  • Per Business Quant data, the three most recent Asset Utilization Ratio figures were 0.1 in Q1 2026, 0.1 in Q4 2025, and 0.1 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -
2 BlackRock 161.01 Bn 148.08 Bn - 0.15
3 Blackstone 97.77 Bn 96.72 Bn - 0.31
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 0.06
5 State Street 51.30 Bn 51.30 Bn - 0.04
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 0.15
7 Northern Trust 32.93 Bn 32.93 Bn - 0.03
8 Raymond James Financial 32.59 Bn 17.67 Bn - 0.15
9 Price T Rowe 24.70 Bn 21.13 Bn - 0.52
10 Morgan Stanley Direct Lending Fund 1.29 Bn 1.19 Bn - 0.10

Historic Data

Download Data
DateValue
Mar 31, 2026 0.10
Dec 31, 2025 0.10
Sep 30, 2025 0.10
Jun 30, 2025 0.11
Mar 31, 2025 0.11
Dec 31, 2024 0.11
Sep 30, 2024 0.11
Jun 30, 2024 0.11
Mar 31, 2024 0.11
Dec 31, 2023 0.11
Sep 30, 2023 0.10
Jun 30, 2023 0.10
Mar 31, 2023 0.09