Morgan Stanley Direct Lending Fund (MSDL) Assets (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) posted quarterly 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% quarter-over-quarter from $3.9 billion in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) Assets (2022 - 2026) Analysis & Trends
Morgan Stanley Direct Lending Fund (MSDL) has reported Assets for 5 consecutive years, with $3.8 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Assets fell 2.23% year-over-year to $3.8 billion; the TTM figure through Mar 2026 stood at $3.8 billion (down 2.23% YoY), while the FY2025 annual figure was $3.9 billion, changed 0.21% from the prior year.
- Assets retreated 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.
- Historically, Assets has averaged $3.6 billion across 5 years, with a median of $3.7 billion in 2024.
- Annual changes were most pronounced in 2024 — Assets increased 19.04% — and 2026, when it slipped 2.23%.
- Morgan Stanley Direct Lending Fund's Assets stood at $3.0 billion in 2022, then grew by 10.74% to $3.3 billion in 2023, then advanced by 18.3% to $3.9 billion in 2024, then gained by 0.21% to $3.9 billion in 2025, then slipped by 2.43% to $3.8 billion in 2026.
- Business Quant data shows MSDL's Assets at $3.8 billion in Q1 2026, $3.9 billion in Q4 2025, and $3.9 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Assets (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 175.88 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 49.89 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | - |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 525.52 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 20.08 Bn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 494.05 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 418.38 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 197.87 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 179.30 Bn |
| 10 | Morgan Stanley Direct Lending Fund | 1.30 Bn | 1.22 Bn | - | 3.71 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.71 Bn |
| 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 |