Morgan Stanley Direct Lending Fund (MSDL) Cash & Equivalents (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) reported Cash & Equivalents of $65.82 million for Q2 2026, up 26.0% from $52.22 million a year earlier but down 18.4% from the prior quarter.
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Analysis
Morgan Stanley Direct Lending Fund (MSDL) Cash & Equivalents (2022 - 2026) Analysis & Trends
At the end of FY2025, Morgan Stanley Direct Lending Fund posted Cash & Equivalents of $81.43 million, up 28.5% from FY2024.
- Cash & Equivalents has a three-year compound annual growth rate of 0.1% (FY2022 to FY2025).
- By year, Cash & Equivalents came in at $63.4 million in FY2024 (-9.1%), $69.71 million in FY2023 (-14.2%) and $81.22 million in FY2022.
- Five-year quarterly Cash & Equivalents spans a low of $52.22 million in Q2 2025 and a high of $99.61 million in Q1 2023.
- Year over year, Cash & Equivalents has now increased in each of the last three quarters, with an average decline of 0.1% over the last eight quarters.
- The high point for year-over-year Cash & Equivalents in five years was Q2 2024 (growth of 79.7%); the low point was Q2 2025 (a decline of 45.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $80.66 million (Q1 2026), $81.43 million (Q4 2025) and $65.47 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 44.95 Bn | 30.63 Bn | - | 3.10 Bn |
| 2 | Orix | 41.97 Bn | 42.47 Bn | - | 6.08 Bn |
| 3 | Royalty Pharma | 33.14 Bn | 33.05 Bn | - | 811.99 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.99 Bn | 24.99 Bn | - | - |
| 5 | Affirm Holdings | 23.75 Bn | 17.44 Bn | - | 1.63 Bn |
| 6 | Synchrony Financial | 23.25 Bn | -44.72 Bn | - | 16.19 Bn |
| 7 | Royal Gold | 19.67 Bn | 18.90 Bn | 390.45 Mn | 182.47 Mn |
| 8 | Annaly Capital Management | 14.04 Bn | 5.13 Bn | - | 2.91 Bn |
| 9 | Ares Capital | 13.76 Bn | 11.19 Bn | - | 383.00 Mn |
| 10 | Morgan Stanley Direct Lending Fund | 1.16 Bn | 807.09 Mn | - | 65.82 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 65.82 Mn |
| Mar 31, 2026 | 80.66 Mn |
| Dec 31, 2025 | 81.43 Mn |
| Sep 30, 2025 | 65.47 Mn |
| Jun 30, 2025 | 52.22 Mn |
| Mar 31, 2025 | 69.40 Mn |
| Dec 31, 2024 | 63.40 Mn |
| Sep 30, 2024 | 90.43 Mn |
| Jun 30, 2024 | 94.97 Mn |
| Mar 31, 2024 | 64.76 Mn |
| Dec 31, 2023 | 69.71 Mn |
| Sep 30, 2023 | 88.09 Mn |
| Jun 30, 2023 | 52.85 Mn |
| Mar 31, 2023 | 99.61 Mn |
| Dec 31, 2022 | 81.22 Mn |
API Access
Morgan Stanley Direct Lending Fund Cash & Equivalents API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=MSDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-and-equivalents", "ticker": "MSDL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=MSDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();