Growth Metrics

Morgan Stanley Direct Lending Fund (MSDL) Invested Capital (2022 - 2025)

Morgan Stanley Direct Lending Fund (MSDL) has disclosed Invested Capital for 4 consecutive years, with $3.8 billion as the latest value for Q4 2025.

  • On a quarterly basis, Invested Capital rose 0.5% to $3.8 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $3.8 billion, a 0.5% increase, with the full-year FY2025 number at $3.8 billion, up 0.5% from a year prior.
  • Invested Capital was $3.8 billion for Q4 2025 at Morgan Stanley Direct Lending Fund, roughly flat from $3.8 billion in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $3.8 billion in Q3 2025 to a low of $1.2 billion in Q1 2022.
  • A 4-year average of $3.0 billion and a median of $3.3 billion in 2023 define the central range for Invested Capital.
  • Peak YoY movement for Invested Capital: soared 151.8% in 2023, then grew 0.5% in 2025.
  • Morgan Stanley Direct Lending Fund's Invested Capital stood at $2.9 billion in 2022, then increased by 10.15% to $3.2 billion in 2023, then rose by 18.6% to $3.8 billion in 2024, then increased by 0.5% to $3.8 billion in 2025.
  • Per Business Quant, the three most recent readings for MSDL's Invested Capital are $3.8 billion (Q4 2025), $3.8 billion (Q3 2025), and $3.8 billion (Q2 2025).