Morgan Stanley Direct Lending Fund MSDL
NYSE MSDL
$15.36 -0.02 (-0.13%)
At close: Aug 21, 2026 · 4:00 PM EDT

Morgan Stanley Direct Lending Fund (MSDL) Change in Accured Expenses (2022 - 2026)

Morgan Stanley Direct Lending Fund (MSDL) posted quarterly Change in Accured Expenses of -$6.8 million for Q1 2026, down 40.44% year-over-year from -$11.4 million in Q1 2025, and down 460.73% quarter-over-quarter from -$1.2 million in Q4 2025.

Morgan Stanley Direct Lending Fund (MSDL) Change in Accured Expenses (2022 - 2026) Analysis & Trends

Morgan Stanley Direct Lending Fund (MSDL) has reported Change in Accured Expenses for 5 consecutive years, with -$6.8 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Change in Accured Expenses fell 40.44% year-over-year to -$6.8 million; the TTM figure through Mar 2026 stood at -$2.2 million (down 129.95% YoY), while the FY2025 annual figure was -$260000.0, down 110.92% from the prior year.
  • Change in Accured Expenses declined to -$6.8 million in Q1 2026 per MSDL's latest filing, from -$1.2 million in the prior quarter.
  • Across five years, Change in Accured Expenses topped out at $20.5 million in Q2 2024 and bottomed at -$13.2 million in Q3 2024.
  • Historically, Change in Accured Expenses has averaged $639294.1 across 5 years, with a median of -$287000.0 in 2022.
  • Annual changes were most pronounced in 2023 — Change in Accured Expenses plunged 2589.55% — and 2024, when it soared 446.17%.
  • Morgan Stanley Direct Lending Fund's Change in Accured Expenses stood at $12.9 million in 2022, then tumbled by 93.0% to $901000.0 in 2023, then jumped by 446.17% to $4.9 million in 2024, then tumbled by 124.63% to -$1.2 million in 2025, then slumped by 460.73% to -$6.8 million in 2026.
  • Business Quant data shows MSDL's Change in Accured Expenses at -$6.8 million in Q1 2026, -$1.2 million in Q4 2025, and $5.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Accured Expenses (Qtr)
1 BlackRock 179.54 Bn 165.67 Bn - -2.06 Bn
2 Blackstone 114.83 Bn 112.32 Bn - -244.18 Mn
3 Kkr 97.26 Bn -179.81 Bn - 834.56 Mn
4 Brookfield 93.07 Bn 45.66 Bn - -
5 Brookfield Asset Management 83.46 Bn 81.96 Bn - -
6 Apollo Global Management 78.41 Bn 53.04 Bn 10.54 Bn -
7 State Street 51.66 Bn 51.66 Bn - 2.71 Bn
8 Ameriprise Financial 51.12 Bn 40.07 Bn 4.72 Bn 387.00 Mn
9 Raymond James Financial 33.99 Bn 20.74 Bn - 407.00 Mn
10 Morgan Stanley Direct Lending Fund 1.30 Bn 1.22 Bn - -3.47 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 -3.47 Mn
Jun 30, 2026 -3.47 Mn
Mar 31, 2026 -6.80 Mn
Mar 31, 2026 -6.80 Mn
Dec 31, 2025 -1.21 Mn
Dec 31, 2025 -1.21 Mn
Sep 30, 2025 5.94 Mn
Sep 30, 2025 5.94 Mn
Jun 30, 2025 -148,000.00
Jun 30, 2025 -148,000.00
Mar 31, 2025 -4.84 Mn
Mar 31, 2025 -4.84 Mn
Dec 31, 2024 4.92 Mn
Dec 31, 2024 4.92 Mn
Sep 30, 2024 -13.20 Mn
Sep 30, 2024 -13.20 Mn
Jun 30, 2024 20.52 Mn
Jun 30, 2024 20.52 Mn
Mar 31, 2024 -9.86 Mn
Mar 31, 2024 -9.86 Mn