Morgan Stanley Direct Lending Fund MSDL
NYSE MSDL
$14.76 -0.28 (-1.90%)
As of: Sep 9, 2026 · 3:59 PM EDT

Morgan Stanley Direct Lending Fund (MSDL) Assets Average (2023 - 2026)

Morgan Stanley Direct Lending Fund's (MSDL) quarterly Assets Average came in at $3.8 billion in Q2 2026, down 3.81% year-over-year from $3.9 billion in Q2 2025, and down 2.7% quarter-over-quarter from $3.9 billion in Q1 2026.

Analysis

Morgan Stanley Direct Lending Fund (MSDL) Assets Average (2023 - 2026) Analysis & Trends

Morgan Stanley Direct Lending Fund (MSDL) has reported Assets Average for 4 consecutive years, with $3.8 billion the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Assets Average fell 3.81% year-over-year to $3.8 billion in Q2 2026; TTM through Jun 2026 was $3.8 billion, a 3.81% decrease from a year earlier, with the FY2025 full-year figure at $3.9 billion, up 8.5% from the prior year.
  • Assets Average was $3.8 billion for Q2 2026 at Morgan Stanley Direct Lending Fund, down from $3.9 billion in the prior quarter.
  • Over five years, Assets Average peaked at $3.9 billion in Q3 2025 and troughed at $3.0 billion in Q1 2023.
  • A 4-year average of $3.6 billion and a median of $3.7 billion in 2024 frame the typical range for Assets Average.
  • Across the five-year window, Assets Average grew 17.35% in 2024 and slipped 3.81% in 2026, its largest moves.
  • Over 4 years, Assets Average stood at $3.3 billion in 2023, then climbed by 17.04% to $3.9 billion in 2024, then grew by 1.91% to $3.9 billion in 2025, then fell by 4.03% to $3.8 billion in 2026.
  • The last three Assets Average figures came in at $3.8 billion (Q2 2026), $3.9 billion (Q1 2026), and $3.9 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Assets Avg. (Qtr)
1 Ares Capital 14.12 Bn 13.73 Bn - 30.59 Bn
2 Blackstone Secured Lending Fund 5.69 Bn 5.42 Bn - 14.11 Bn
3 Blue Owl Capital 5.52 Bn 5.28 Bn - 15.69 Bn
4 Main Street Capital 5.26 Bn 5.20 Bn - 5.88 Bn
5 Blue Owl Technology Finance 5.05 Bn 4.84 Bn - 14.96 Bn
6 Hercules Capital 4.64 Bn 4.59 Bn - 4.76 Bn
7 FS KKR Capital 3.37 Bn 3.27 Bn - 12.41 Bn
8 Golub Capital Bdc 3.34 Bn 3.30 Bn - 8.43 Bn
9 PennantPark Floating Rate Capital 2.48 Bn -129.09 Mn - 2.69 Bn
10 Morgan Stanley Direct Lending Fund 1.25 Bn 1.17 Bn - 3.77 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 3.77 Bn
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