Morgan Stanley Direct Lending Fund (MSDL) Enterprise Value (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) posted quarterly Enterprise Value of -$100.5 million for Q1 2026, down 44.83% year-over-year from -$182.2 million in Q1 2025, and down 6.46% quarter-over-quarter from -$94.4 million in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) Enterprise Value (2022 - 2026) Analysis & Trends
Morgan Stanley Direct Lending Fund (MSDL) has reported Enterprise Value for 5 consecutive years, with -$100.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Enterprise Value fell 44.83% year-over-year to -$100.5 million; the TTM figure through Mar 2026 stood at -$100.5 million (down 44.83% YoY), while the FY2025 annual figure was -$94.4 million, down 30.45% from the prior year.
- Enterprise Value fell to -$100.5 million in Q1 2026 per MSDL's latest filing, from -$94.4 million in the prior quarter.
- Across five years, Enterprise Value topped out at -$52.8 million in Q2 2023 and bottomed at -$100.5 million in Q1 2026.
- Historically, Enterprise Value has averaged -$81.0 million across 5 years, with a median of -$80.4 million in 2022.
- On a YoY basis, Enterprise Value climbed as much as 34.98% in 2024 and fell as far as 79.69% in 2024.
- Morgan Stanley Direct Lending Fund's Enterprise Value stood at -$81.2 million in 2022, then rose by 14.17% to -$69.7 million in 2023, then decreased by 3.83% to -$72.4 million in 2024, then tumbled by 30.45% to -$94.4 million in 2025, then slipped by 6.46% to -$100.5 million in 2026.
- Business Quant data shows MSDL's Enterprise Value at -$100.5 million in Q1 2026, -$94.4 million in Q4 2025, and -$75.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | -13.64 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | -1.14 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | -277.07 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | -47.40 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | -265.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | -4.90 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | - |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | -11.05 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | - |
| 10 | Morgan Stanley Direct Lending Fund | 1.30 Bn | 1.22 Bn | - | -80.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -80.17 Mn |
| Mar 31, 2026 | -100.51 Mn |
| Dec 31, 2025 | -94.41 Mn |
| Sep 30, 2025 | -75.52 Mn |
| Jun 30, 2025 | -79.63 Mn |
| Mar 31, 2025 | -69.40 Mn |
| Dec 31, 2024 | -72.37 Mn |
| Sep 30, 2024 | -90.43 Mn |
| Jun 30, 2024 | -94.97 Mn |
| Mar 31, 2024 | -64.76 Mn |
| Dec 31, 2023 | -69.71 Mn |
| Sep 30, 2023 | -88.09 Mn |
| Jun 30, 2023 | -52.85 Mn |
| Mar 31, 2023 | -99.61 Mn |
| Dec 31, 2022 | -81.22 Mn |