Morgan Stanley Direct Lending Fund (MSDL) Enterprise Value (2024 - 2026)
Morgan Stanley Direct Lending Fund's Enterprise Value came in at $1.2 billion for Q2 2026, down 22.7% from $1.55 billion a year earlier but up 9.8% from the prior quarter.
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Analysis
Morgan Stanley Direct Lending Fund (MSDL) Enterprise Value (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Morgan Stanley Direct Lending Fund reported Enterprise Value of $927.09 million, down 29.6% year-over-year; for FY2025, it came in at $1.33 billion, down 24.4% from FY2024.
- Going back by year, Enterprise Value was $1.76 billion in FY2024.
- The five-year range for quarterly Enterprise Value is $1.09 billion (Q1 2026) to $1.86 billion (Q2 2024).
- Year-over-year, Enterprise Value has declined for six consecutive quarters, with an average decline of 21.5% over the last six quarters.
- Business Quant data shows MSDL's Enterprise Value at $1.09 billion (Q1 2026), $1.33 billion (Q4 2025) and $1.32 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - |
| 10 | Morgan Stanley Direct Lending Fund | 1.15 Bn | 802.02 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.20 Bn |
| Mar 31, 2026 | 1.09 Bn |
| Dec 31, 2025 | 1.33 Bn |
| Sep 30, 2025 | 1.32 Bn |
| Jun 30, 2025 | 1.55 Bn |
| Mar 31, 2025 | 1.69 Bn |
| Dec 31, 2024 | 1.76 Bn |
| Sep 30, 2024 | 1.67 Bn |
| Jun 30, 2024 | 1.86 Bn |
| Mar 31, 2024 | 1.85 Bn |
API Access
Morgan Stanley Direct Lending Fund Enterprise Value API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=enterprise-value&ticker=MSDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "ticker": "MSDL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=enterprise-value&ticker=MSDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();