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| Date | Value |
|---|---|
| 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 |