Morgan Stanley Direct Lending Fund (MSDL) Investment Income (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) posted quarterly Investment Income of -$45.0 million for Q1 2026, down 171.89% year-over-year from $62.6 million in Q1 2025, and down 229.0% quarter-over-quarter from -$13.7 million in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) Investment Income (2022 - 2026) Analysis & Trends
Morgan Stanley Direct Lending Fund (MSDL) has reported Investment Income for 5 consecutive years, with -$45.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Investment Income fell 171.89% year-over-year to -$45.0 million; the TTM figure through Mar 2026 stood at -$82.4 million (down 351.18% YoY), while the FY2025 annual figure was -$53.9 million, down 1054.61% from the prior year.
- Investment Income fell to -$45.0 million in Q1 2026 per MSDL's latest filing, from -$13.7 million in the prior quarter.
- Across five years, Investment Income topped out at $22.8 million in Q3 2023 and bottomed at -$45.0 million in Q1 2026.
- Historically, Investment Income has averaged -$8.8 million across 5 years, with a median of -$5.5 million in 2024.
- Annual changes were most pronounced in 2023 — Investment Income soared 193.69% — and 2025, when it tumbled 1628.94%.
- Morgan Stanley Direct Lending Fund's Investment Income stood at -$18.2 million in 2022, then soared by 110.56% to $1.9 million in 2023, then tumbled by 53.31% to $895000.0 in 2024, then sank by 1628.94% to -$13.7 million in 2025, then plunged by 229.0% to -$45.0 million in 2026.
- Business Quant data shows MSDL's Investment Income at -$45.0 million in Q1 2026, -$13.7 million in Q4 2025, and -$16.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inv. Income (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | - |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | - |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | - |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | - |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | - |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | - |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | - |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | - |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | - |
| 10 | Morgan Stanley Direct Lending Fund | 1.30 Bn | 1.22 Bn | - | -30.23 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -30.23 Mn |
| Mar 31, 2026 | -45.02 Mn |
| Dec 31, 2025 | -13.68 Mn |
| Sep 30, 2025 | -16.13 Mn |
| Jun 30, 2025 | -7.56 Mn |
| Mar 31, 2025 | -16.56 Mn |
| Dec 31, 2024 | 895,000.00 |
| Sep 30, 2024 | -5.52 Mn |
| Jun 30, 2024 | 2.92 Mn |
| Mar 31, 2024 | -2.97 Mn |
| Dec 31, 2023 | 1.92 Mn |
| Sep 30, 2023 | 22.83 Mn |
| Jun 30, 2023 | 8.65 Mn |
| Mar 31, 2023 | -445,000.00 |
| Dec 31, 2022 | -18.16 Mn |
| Sep 30, 2022 | -24.37 Mn |
| Jun 30, 2022 | -32.67 Mn |
| Mar 31, 2022 | -4.27 Mn |