Morgan Stanley Direct Lending Fund (MSDL) Investment Income (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) reported 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 5 years of Investment Income data on file, last reported at -$45.0 million in Q1 2026.
- Investment Income for Q1 2026 came in at -$45.0 million, down 171.89% year-over-year; the trailing twelve-month figure through Mar 2026 was -$82.4 million (down 351.18% YoY), and the FY2025 annual result was -$53.9 million, down 1054.61% from the prior year.
- Investment Income slipped to -$45.0 million in Q1 2026 per MSDL's latest filing, from -$13.7 million in the prior quarter.
- Over five years, Investment Income peaked at $22.8 million in Q3 2023 and troughed at -$45.0 million in Q1 2026.
- A 5-year average of -$8.8 million and a median of -$5.5 million in 2024 frame the typical range for Investment Income.
- The sharpest annual moves came in 2023 and 2025: Investment Income soared 193.69% in 2023, then tumbled 1628.94% in 2025.
- A 5-year view of Investment Income shows it stood at -$18.2 million in 2022, then surged by 110.56% to $1.9 million in 2023, then slumped by 53.31% to $895000.0 in 2024, then plunged by 1628.94% to -$13.7 million in 2025, then tumbled 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 | 160.20 Bn | 150.57 Bn | - | - |
| 2 | Blackstone | 96.40 Bn | 95.35 Bn | - | - |
| 3 | Kkr | 85.87 Bn | 133.39 Bn | - | - |
| 4 | Apollo Global Management | 79.90 Bn | 98.63 Bn | 5.04 Bn | - |
| 5 | State Street | 46.62 Bn | 20.95 Bn | - | - |
| 6 | Ameriprise Financial | 42.78 Bn | 42.65 Bn | 4.57 Bn | - |
| 7 | Northern Trust | 32.35 Bn | 32.35 Bn | - | - |
| 8 | Ares Management | 30.25 Bn | 33.62 Bn | - | - |
| 9 | Raymond James Financial | 30.24 Bn | 18.99 Bn | - | - |
| 10 | Morgan Stanley Direct Lending Fund | - | - | - | -45.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |