Morgan Stanley Direct Lending Fund (MSDL) Common Equity (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) posted Common Equity of $1.65 billion for Q2 2026, down 8.0% from $1.79 billion a year earlier and down 2.5% from the prior quarter.
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Analysis
Morgan Stanley Direct Lending Fund (MSDL) Common Equity (2022 - 2026) Analysis & Trends
At the end of FY2025, Morgan Stanley Direct Lending Fund's Common Equity came in at $1.75 billion, down 5.1% from FY2024.
- Annual Common Equity shows a four-year compound annual growth rate of 10.1% (FY2021 to FY2025).
- In prior years, Morgan Stanley Direct Lending Fund's Common Equity was $1.84 billion in FY2024 (+7.0%), $1.72 billion in FY2023 (+23.2%), $1.4 billion in FY2022 (+17.6%) and $1.19 billion in FY2021.
- The Q2 2026 figure stands as the lowest quarterly Common Equity since Q3 2023.
- On a year-over-year basis, Common Equity has declined in each of the last six quarters, with growth averaging 0.3% over the last eight quarters.
- The strongest year-over-year quarter for Common Equity in the past five years was Q1 2024, with growth of 29.9%; the weakest was Q2 2026, with a decline of 8.0%.
- According to Business Quant data, Common Equity for the three prior quarters was $1.69 billion (Q1 2026), $1.75 billion (Q4 2025) and $1.77 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 23.55 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 30.05 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 9.79 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 116.50 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 5.48 Bn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 16.90 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 7.63 Bn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 16.98 Bn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | 13.89 Bn |
| 10 | Morgan Stanley Direct Lending Fund | 1.15 Bn | 802.02 Mn | - | 1.65 Bn |
Historic Data
Download Data
Historic 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 |
API Access
Morgan Stanley Direct Lending Fund Common Equity 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=common-equity&ticker=MSDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "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=common-equity&ticker=MSDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();