Growth Metrics

Morgan Stanley Direct Lending Fund (MSDL) Common Equity (2022 - 2026)

Morgan Stanley Direct Lending Fund (MSDL) reported Common Equity of $1.7 billion for Q1 2026, down 7.01% year-over-year from $1.8 billion in Q1 2025, and down 3.3% on a QoQ basis from $1.7 billion in Q4 2025.

Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Common Equity data on file, last reported at $1.7 billion in Q1 2026.

  • Quarterly Common Equity fell 7.01% year-over-year to $1.7 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.7 billion (down 7.01% YoY) and the FY2025 annual result came in at $1.7 billion, down 5.11% from the prior year.
  • Common Equity slipped to $1.7 billion in Q1 2026 per MSDL's latest filing, from $1.7 billion in the prior quarter.
  • Across five years, Common Equity topped out at $1.9 billion in Q2 2024 and bottomed at $1.2 billion in Q1 2022.
  • The 5-year median for Common Equity is $1.7 billion (2023), against an average of $1.6 billion.
  • The widest annual swing landed in 2024, when Common Equity increased 29.86%; it then fell 7.01% in 2026.
  • Tracing MSDL's Common Equity over 5 years: stood at $1.4 billion in 2022, then gained by 23.18% to $1.7 billion in 2023, then gained by 7.03% to $1.8 billion in 2024, then decreased by 5.11% to $1.7 billion in 2025, then fell by 3.3% to $1.7 billion in 2026.
  • Per Business Quant, the three latest MSDL Common Equity figures stand at $1.7 billion (Q1 2026), $1.7 billion (Q4 2025), and $1.8 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Common Equity (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 56.69 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 8.37 Bn
3 Kkr 84.94 Bn 132.45 Bn - 30.50 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 8.59 Bn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 39.53 Bn
6 State Street 44.42 Bn 18.75 Bn - -
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 6.21 Bn
8 Northern Trust 31.21 Bn 31.21 Bn - 12.99 Bn
9 Ares Management 28.85 Bn 32.22 Bn - 8.36 Bn
10 Morgan Stanley Direct Lending Fund - - - 1.69 Bn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 1.69 Bn
Dec 31, 2025 1.75 Bn
Sep 30, 2025 1.77 Bn
Jun 30, 2025 1.79 Bn
Mar 31, 2025 1.82 Bn
Dec 31, 2024 1.84 Bn
Sep 30, 2024 1.85 Bn
Jun 30, 2024 1.86 Bn
Mar 31, 2024 1.84 Bn
Dec 31, 2023 1.72 Bn
Sep 30, 2023 1.48 Bn
Jun 30, 2023 1.44 Bn
Mar 31, 2023 1.41 Bn
Dec 31, 2022 1.40 Bn
Sep 30, 2022 1.31 Bn
Jun 30, 2022 1.24 Bn
Mar 31, 2022 1.19 Bn