Morgan Stanley Direct Lending Fund (MSDL) Assets (2022 - 2026)
Morgan Stanley Direct Lending Fund's (MSDL) quarterly Assets came in at $3.8 billion in Q1 2026, down 2.23% year-on-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) Assets (2022 - 2026) Analysis & Trends
Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Assets data on file, last reported at $3.8 billion in Q1 2026.
- On a quarterly basis, Assets fell 2.23% year-over-year to $3.8 billion in Q1 2026; TTM through Mar 2026 was $3.8 billion, a 2.23% decrease from a year earlier, with the FY2025 full-year figure at $3.9 billion, changed 0.21% from the prior year.
- Assets for Q1 2026 stood at $3.8 billion, down from $3.9 billion in the prior quarter.
- Over the last five years, Assets for MSDL reached as high as $3.9 billion in Q3 2025 and fell as low as $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.
- Across the five-year window, Assets climbed 19.04% in 2024 and retreated 2.23% in 2026, its largest moves.
- Year by year, Assets stood at $3.0 billion in 2022, then rose by 10.74% to $3.3 billion in 2023, then grew by 18.3% to $3.9 billion in 2024, then climbed by 0.21% to $3.9 billion in 2025, then declined by 2.43% to $3.8 billion in 2026.
- Per Business Quant data, the three most recent Assets figures were $3.8 billion in Q1 2026, $3.9 billion in Q4 2025, and $3.9 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Assets (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | - |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 170.24 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 48.33 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 467.53 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 392.17 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 184.45 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 174.57 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 91.94 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 14.39 Bn |
| 10 | Morgan Stanley Direct Lending Fund | 1.29 Bn | 1.19 Bn | - | 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 |