Morgan Stanley Direct Lending Fund (MSDL) Common Equity (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) posted quarterly 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% quarter-over-quarter from $1.7 billion in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) Common Equity (2022 - 2026) Analysis & Trends
Morgan Stanley Direct Lending Fund (MSDL) has reported Common Equity for 5 consecutive years, with $1.7 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Common Equity fell 7.01% year-over-year to $1.7 billion; the TTM figure through Mar 2026 stood at $1.7 billion (down 7.01% YoY), while the FY2025 annual figure was $1.7 billion, down 5.11% from the prior year.
- Common Equity declined 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.
- Historically, Common Equity has averaged $1.6 billion across 5 years, with a median of $1.7 billion in 2023.
- Annual changes were most pronounced in 2024 — Common Equity gained 29.86% — and 2026, when it decreased 7.01%.
- Morgan Stanley Direct Lending Fund's Common Equity stood at $1.4 billion in 2022, then grew by 23.18% to $1.7 billion in 2023, then grew by 7.03% to $1.8 billion in 2024, then declined by 5.11% to $1.7 billion in 2025, then slipped by 3.3% to $1.7 billion in 2026.
- Business Quant data shows MSDL's Common Equity at $1.7 billion in Q1 2026, $1.7 billion in Q4 2025, and $1.8 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 57.84 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 21.06 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | - |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 9.19 Bn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 41.48 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | - |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 6.37 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 13.40 Bn |
| 10 | Morgan Stanley Direct Lending Fund | 1.30 Bn | 1.22 Bn | - | 1.65 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.65 Bn |
| 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 |