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