Morgan Stanley Direct Lending Fund (MSDL) Investment Income (2022 - 2026)
Morgan Stanley Direct Lending Fund's (MSDL) quarterly Investment Income came in at -$45.0 million in Q1 2026, down 171.89% year-on-year from $62.6 million in Q1 2025, and down 229.0% on a QoQ basis 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.
- On a quarterly basis, Investment Income fell 171.89% year-over-year to -$45.0 million in Q1 2026; TTM through Mar 2026 was -$82.4 million, a 351.18% decrease from a year earlier, with the FY2025 full-year figure at -$53.9 million, down 1054.61% from the prior year.
- Investment Income for Q1 2026 stood at -$45.0 million, down from -$13.7 million in the prior quarter.
- Over the last five years, Investment Income for MSDL reached as high as $22.8 million in Q3 2023 and fell as low as -$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.
- Across the five-year window, Investment Income jumped 193.69% in 2023 and sank 1628.94% in 2025, its largest moves.
- Year by year, Investment Income stood at -$18.2 million in 2022, then surged 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.
- Per Business Quant data, the three most recent Investment Income figures were -$45.0 million in Q1 2026, -$13.7 million in Q4 2025, and -$16.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inv. Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,261.80 Bn | 1,217.21 Bn | 18.56 Bn | - |
| 2 | BlackRock | 165.12 Bn | 151.98 Bn | - | - |
| 3 | Blackstone | 103.58 Bn | 101.13 Bn | - | - |
| 4 | Brookfield Asset Management | 76.31 Bn | 75.26 Bn | - | - |
| 5 | Apollo Global Management | 73.95 Bn | 73.95 Bn | -409.00 Mn | - |
| 6 | State Street | 51.18 Bn | 51.18 Bn | - | - |
| 7 | Ameriprise Financial | 50.08 Bn | 40.82 Bn | 4.57 Bn | - |
| 8 | Raymond James Financial | 34.03 Bn | 19.06 Bn | - | - |
| 9 | Northern Trust | 33.84 Bn | 33.84 Bn | - | - |
| 10 | Morgan Stanley Direct Lending Fund | 1.31 Bn | 1.21 Bn | - | -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 |