Morgan Stanley Direct Lending Fund (MSDL) Market Capitalization (2024 - 2026)
Morgan Stanley Direct Lending Fund's (MSDL) quarterly Market Capitalization came in at $1.3 billion in Q2 2026, down 21.51% year-over-year from $1.6 billion in Q2 2025, and up 7.25% quarter-over-quarter from $1.2 billion in Q1 2026.
Analysis
Morgan Stanley Direct Lending Fund (MSDL) Market Capitalization (2024 - 2026) Analysis & Trends
Morgan Stanley Direct Lending Fund (MSDL) has reported Market Capitalization for 3 consecutive years, with $1.3 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Market Capitalization fell 21.51% year-over-year to $1.3 billion in Q2 2026; TTM through Jun 2026 was $1.3 billion, a 21.51% decrease from a year earlier, with the FY2025 full-year figure at $1.4 billion, down 22.25% from the prior year.
- Market Capitalization was $1.3 billion for Q2 2026 at Morgan Stanley Direct Lending Fund, up from $1.2 billion in the prior quarter.
- Over five years, Market Capitalization peaked at $2.0 billion in Q2 2024 and troughed at $1.2 billion in Q1 2026.
- A 3-year average of $1.6 billion and a median of $1.7 billion in 2025 frame the typical range for Market Capitalization.
- Across the five-year window, Market Capitalization decreased 8.29% in 2025 and tumbled 32.19% in 2026, its largest moves.
- Over 3 years, Market Capitalization stood at $1.8 billion in 2024, then retreated by 22.25% to $1.4 billion in 2025, then fell by 10.14% to $1.3 billion in 2026.
- The last three Market Capitalization figures came in at $1.3 billion (Q2 2026), $1.2 billion (Q1 2026), and $1.4 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ares Capital | 14.39 Bn | 14.01 Bn | - |
| 2 | Blackstone Secured Lending Fund | 5.76 Bn | 5.49 Bn | - |
| 3 | Blue Owl Capital | 5.62 Bn | 5.38 Bn | - |
| 4 | Main Street Capital | 5.39 Bn | 5.33 Bn | - |
| 5 | Blue Owl Technology Finance | 5.20 Bn | 4.99 Bn | - |
| 6 | Hercules Capital | 4.68 Bn | 4.64 Bn | - |
| 7 | FS KKR Capital | 3.48 Bn | 3.37 Bn | - |
| 8 | Golub Capital Bdc | 3.38 Bn | 3.34 Bn | - |
| 9 | PennantPark Floating Rate Capital | 2.47 Bn | -134.94 Mn | - |
| 10 | Morgan Stanley Direct Lending Fund | 1.29 Bn | 1.21 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.28 Bn |
| Mar 31, 2026 | 1.19 Bn |
| Dec 31, 2025 | 1.42 Bn |
| Sep 30, 2025 | 1.40 Bn |
| Jun 30, 2025 | 1.63 Bn |
| Mar 31, 2025 | 1.76 Bn |
| Dec 31, 2024 | 1.83 Bn |
| Sep 30, 2024 | 1.76 Bn |
| Jun 30, 2024 | 1.95 Bn |
| Mar 31, 2024 | 1.92 Bn |