Morgan Stanley Direct Lending Fund (MSDL) Enterprise Value (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) reported 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% on a QoQ basis from -$94.4 million in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Enterprise Value data on file, last reported at -$100.5 million in Q1 2026.
- Quarterly Enterprise Value fell 44.83% year-over-year to -$100.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$100.5 million (down 44.83% YoY) and the FY2025 annual result came in at -$94.4 million, down 30.45% from the prior year.
- Enterprise Value eased 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.
- The 5-year median for Enterprise Value is -$80.4 million (2022), against an average of -$81.0 million.
- Peak annual rise in Enterprise Value reached 34.98% in 2024, while the deepest fall reached 79.69% in 2024.
- Tracing MSDL's Enterprise Value over 5 years: stood at -$81.2 million in 2022, then climbed by 14.17% to -$69.7 million in 2023, then declined by 3.83% to -$72.4 million in 2024, then plunged by 30.45% to -$94.4 million in 2025, then fell by 6.46% to -$100.5 million in 2026.
- Per Business Quant, the three latest MSDL Enterprise Value figures stand at -$100.5 million (Q1 2026), -$94.4 million (Q4 2025), and -$75.5 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | -9.62 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | -1.05 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 47.51 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 339.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 18.73 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | -8.49 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | -128.00 Mn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | - |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 3.37 Bn |
| 10 | Morgan Stanley Direct Lending Fund | - | - | - | -100.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |