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