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

Morgan Stanley Direct Lending Fund's (MSDL) quarterly Change in Accured Expenses came in at -$6.8 million in Q1 2026, down 40.44% year-on-year from -$11.4 million in Q1 2025, and down 460.73% on a QoQ basis 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 5 years of Change in Accured Expenses data on file, last reported at -$6.8 million in Q1 2026.

  • On a quarterly basis, Change in Accured Expenses fell 40.44% year-over-year to -$6.8 million in Q1 2026; TTM through Mar 2026 was -$2.2 million, a 129.95% decrease from a year earlier, with the FY2025 full-year figure at -$260000.0, down 110.92% from the prior year.
  • Change in Accured Expenses for Q1 2026 stood at -$6.8 million, down from -$1.2 million in the prior quarter.
  • Over the last five years, Change in Accured Expenses for MSDL reached as high as $20.5 million in Q2 2024 and fell as low as -$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.
  • Across the five-year window, Change in Accured Expenses slumped 2589.55% in 2023 and jumped 446.17% in 2024, its largest moves.
  • Year by year, Change in Accured Expenses stood at $12.9 million in 2022, then tumbled by 93.0% to $901000.0 in 2023, then soared 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.
  • Per Business Quant data, the three most recent Change in Accured Expenses figures were -$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 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -
2 BlackRock 161.01 Bn 148.08 Bn - -2.26 Bn
3 Blackstone 97.77 Bn 96.72 Bn - 176.55 Mn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn -
5 State Street 51.30 Bn 51.30 Bn - 1.63 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn -467.00 Mn
7 Northern Trust 32.93 Bn 32.93 Bn - 28.60 Mn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 166.00 Mn
9 Price T Rowe 24.70 Bn 21.13 Bn - -
10 Morgan Stanley Direct Lending Fund 1.29 Bn 1.19 Bn - -6.80 Mn

Historic Data

Download Data
DateValue
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
Dec 31, 2023 901,000.00
Dec 31, 2023 901,000.00