Morgan Stanley Direct Lending Fund (MSDL) Assets Average (2023 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) reported Assets Average of $3.9 billion for Q1 2026, down 1.01% year-over-year from $3.9 billion in Q1 2025, and down 1.37% on a QoQ basis from $3.9 billion in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) has 4 years of Assets Average data on file, last reported at $3.9 billion in Q1 2026.
- Quarterly Assets Average fell 1.01% year-over-year to $3.9 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.9 billion (down 1.01% YoY) and the FY2025 annual result came in at $3.9 billion, up 8.5% from the prior year.
- Assets Average retreated to $3.9 billion in Q1 2026 per MSDL's latest filing, from $3.9 billion in the prior quarter.
- Across five years, Assets Average topped out at $3.9 billion in Q3 2025 and bottomed at $3.0 billion in Q1 2023.
- The 4-year median for Assets Average is $3.7 billion (2024), against an average of $3.6 billion.
- The widest annual swing landed in 2024, when Assets Average climbed 17.35%; it then declined 1.01% in 2026.
- Tracing MSDL's Assets Average over 4 years: stood at $3.3 billion in 2023, then advanced by 17.04% to $3.9 billion in 2024, then climbed by 1.91% to $3.9 billion in 2025, then declined by 1.37% to $3.9 billion in 2026.
- Per Business Quant, the three latest MSDL Assets Average figures stand at $3.9 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 Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 170.12 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 48.02 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 411.11 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 17.49 Bn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 464.24 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 379.11 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 187.68 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 175.85 Bn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 28.51 Bn |
| 10 | Morgan Stanley Direct Lending Fund | - | - | - | 3.87 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.87 Bn |
| Dec 31, 2025 | 3.93 Bn |
| Sep 30, 2025 | 3.93 Bn |
| Jun 30, 2025 | 3.92 Bn |
| Mar 31, 2025 | 3.91 Bn |
| Dec 31, 2024 | 3.85 Bn |
| Sep 30, 2024 | 3.72 Bn |
| Jun 30, 2024 | 3.53 Bn |
| Mar 31, 2024 | 3.35 Bn |
| Dec 31, 2023 | 3.29 Bn |
| Sep 30, 2023 | 3.17 Bn |
| Jun 30, 2023 | 3.07 Bn |
| Mar 31, 2023 | 3.02 Bn |