Morgan Stanley Direct Lending Fund (MSDL) Long-Term Investments (2022 - 2026)
Morgan Stanley Direct Lending Fund's Long-Term Investments came in at $3.55 billion for Q2 2026, down 6.1% from $3.79 billion a year earlier and down 3.1% from the prior quarter.
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Analysis
Morgan Stanley Direct Lending Fund (MSDL) Long-Term Investments (2022 - 2026) Analysis & Trends
At the end of FY2025, Morgan Stanley Direct Lending Fund's Long-Term Investments was $3.77 billion.
- Long-Term Investments carries a three-year compound annual growth rate of 9.5% (FY2022 to FY2025).
- Going back by year, Long-Term Investments was $3.19 billion in FY2023 (+11.1%) and $2.87 billion in FY2022.
- The five-year range for quarterly Long-Term Investments is $4.79 million (Q3 2025) to $3.79 billion (Q1 2025).
- Year-over-year, Long-Term Investments increased in three of the last six quarters, with an average decline of 11.6%.
- The fastest year-over-year change in Long-Term Investments over five years came in Q2 2024 (growth of 17.8%), and the weakest in Q3 2025 (a decline of 99.9%).
- Business Quant data shows MSDL's Long-Term Investments at $3.67 billion (Q1 2026), $3.77 billion (Q4 2025) and $4.79 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Long-Term Investments (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 9.39 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 372.10 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 972.64 Mn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 228.28 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | 29.35 Bn |
| 10 | Morgan Stanley Direct Lending Fund | 1.15 Bn | 802.02 Mn | - | 3.55 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.55 Bn |
| Mar 31, 2026 | 3.67 Bn |
| Dec 31, 2025 | 3.77 Bn |
| Sep 30, 2025 | 4.79 Mn |
| Jun 30, 2025 | 3.79 Bn |
| Mar 31, 2025 | 3.79 Bn |
| Sep 30, 2024 | 3.64 Bn |
| Jun 30, 2024 | 3.51 Bn |
| Mar 31, 2024 | 3.29 Bn |
| Dec 31, 2023 | 3.19 Bn |
| Sep 30, 2023 | 3.12 Bn |
| Jun 30, 2023 | 2.98 Bn |
| Mar 31, 2023 | 2.93 Bn |
| Dec 31, 2022 | 2.87 Bn |
API Access
Morgan Stanley Direct Lending Fund Long-Term Investments 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=long-term-investments&ticker=MSDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "long-term-investments", "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=long-term-investments&ticker=MSDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();