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

Morgan Stanley Direct Lending Fund (MSDL) reported Change in Accured Expenses of $3.9 million for Q1 2026, up 326.33% year-over-year from $915244.6 in Q1 2025, and up 101.13% quarter-over-quarter from $1.9 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 5 years of Change in Accured Expenses data on file, last reported at $3.9 million in Q1 2026.

  • Change in Accured Expenses for Q1 2026 came in at $3.9 million, up 326.33% year-over-year; the trailing twelve-month figure through Mar 2026 was $5.4 million (down 48.98% YoY), and the FY2025 annual result was -$260000.0, down 110.92% from the prior year.
  • Change in Accured Expenses improved to $3.9 million in Q1 2026 per MSDL's latest filing, from $1.9 million in the prior quarter.
  • Over five years, Change in Accured Expenses peaked at $20.5 million in Q2 2024 and troughed at -$10.0 million in Q3 2023.
  • A 5-year average of $405529.4 and a median of $773000.0 in 2024 frame the typical range for Change in Accured Expenses.
  • On a YoY basis, Change in Accured Expenses climbed as much as 1173.73% in 2023 and fell as far as 502.66% in 2023.
  • A 5-year view of Change in Accured Expenses shows it stood at -$830000.0 in 2022, then jumped by 1173.73% to $8.9 million in 2023, then sank by 91.33% to $773000.0 in 2024, then soared by 150.97% to $1.9 million in 2025, then soared by 101.13% to $3.9 million in 2026.
  • Business Quant data shows MSDL's Change in Accured Expenses at $3.9 million in Q1 2026, $1.9 million in Q4 2025, and $2.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Accured Expenses (Qtr)
1 BlackRock 160.20 Bn 150.57 Bn - 3.47 Bn
2 Blackstone 96.40 Bn 95.35 Bn - -709.73 Mn
3 Kkr 85.87 Bn 133.39 Bn - 8.03 Mn
4 Apollo Global Management 79.90 Bn 98.63 Bn 5.04 Bn -
5 State Street 46.62 Bn 20.95 Bn - 1.63 Bn
6 Ameriprise Financial 42.78 Bn 42.65 Bn 4.57 Bn -467.00 Mn
7 Northern Trust 32.35 Bn 32.35 Bn - 28.60 Mn
8 Ares Management 30.25 Bn 33.62 Bn - -
9 Raymond James Financial 30.24 Bn 18.99 Bn - 166.00 Mn
10 Morgan Stanley Direct Lending Fund - - - 3.90 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 3.90 Mn
Mar 31, 2026 3.90 Mn
Dec 31, 2025 1.94 Mn
Dec 31, 2025 1.94 Mn
Sep 30, 2025 2.79 Mn
Sep 30, 2025 2.79 Mn
Jun 30, 2025 -3.26 Mn
Jun 30, 2025 -3.26 Mn
Mar 31, 2025 -1.72 Mn
Mar 31, 2025 -1.72 Mn
Dec 31, 2024 773,000.00
Dec 31, 2024 773,000.00
Sep 30, 2024 -9.05 Mn
Sep 30, 2024 -9.05 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
Dec 31, 2023 8.91 Mn
Dec 31, 2023 8.91 Mn