Morgan Stanley Direct Lending Fund (MSDL) Assets (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) reported Assets of $3.8 billion for Q1 2026, down 2.23% year-over-year from $3.9 billion in Q1 2025, and down 2.43% on a QoQ basis from $3.9 billion in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Assets data on file, last reported at $3.8 billion in Q1 2026.
- Quarterly Assets fell 2.23% year-over-year to $3.8 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.8 billion (down 2.23% YoY) and the FY2025 annual result came in at $3.9 billion, changed 0.21% from the prior year.
- Assets declined to $3.8 billion in Q1 2026 per MSDL's latest filing, from $3.9 billion in the prior quarter.
- Across five years, Assets topped out at $3.9 billion in Q3 2025 and bottomed at $3.0 billion in Q4 2022.
- The 5-year median for Assets is $3.7 billion (2024), against an average of $3.6 billion.
- The widest annual swing landed in 2024, when Assets climbed 19.04%; it then retreated 2.23% in 2026.
- Tracing MSDL's Assets over 5 years: stood at $3.0 billion in 2022, then gained by 10.74% to $3.3 billion in 2023, then increased by 18.3% to $3.9 billion in 2024, then grew by 0.21% to $3.9 billion in 2025, then fell by 2.43% to $3.8 billion in 2026.
- Per Business Quant, the three latest MSDL Assets figures stand at $3.8 billion (Q1 2026), $3.9 billion (Q4 2025), and $3.9 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Assets (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 170.24 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 48.33 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 412.08 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 17.94 Bn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 467.53 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 392.17 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 184.45 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 174.57 Bn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 28.39 Bn |
| 10 | Morgan Stanley Direct Lending Fund | - | - | - | 3.82 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.82 Bn |
| Dec 31, 2025 | 3.92 Bn |
| Sep 30, 2025 | 3.93 Bn |
| Jun 30, 2025 | 3.92 Bn |
| Mar 31, 2025 | 3.91 Bn |
| Dec 31, 2024 | 3.91 Bn |
| Sep 30, 2024 | 3.79 Bn |
| Jun 30, 2024 | 3.66 Bn |
| Mar 31, 2024 | 3.40 Bn |
| Dec 31, 2023 | 3.31 Bn |
| Sep 30, 2023 | 3.28 Bn |
| Jun 30, 2023 | 3.07 Bn |
| Mar 31, 2023 | 3.06 Bn |
| Dec 31, 2022 | 2.99 Bn |