Morgan Stanley Direct Lending Fund (MSDL) Market Capitalization (2024 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) posted Market Capitalization of $1.28 billion for Q2 2026, down 21.5% from $1.63 billion a year earlier but up 7.3% from the prior quarter.
Powered by 
Analysis
Morgan Stanley Direct Lending Fund (MSDL) Market Capitalization (2024 - 2026) Analysis & Trends
For FY2025, Morgan Stanley Direct Lending Fund's Market Capitalization came in at $1.42 billion, down 22.2% from FY2024.
- In prior years, Morgan Stanley Direct Lending Fund's Market Capitalization was $1.83 billion in FY2024.
- Quarterly Market Capitalization has run from a low of $1.19 billion in Q1 2026 to a high of $1.95 billion in Q2 2024 over five years.
- On a year-over-year basis, Market Capitalization has declined in each of the last six quarters, with an average decline of 20.3% over the last six quarters.
- According to Business Quant data, Market Capitalization for the three prior quarters was $1.19 billion (Q1 2026), $1.42 billion (Q4 2025) and $1.4 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - |
| 10 | Morgan Stanley Direct Lending Fund | 1.15 Bn | 802.02 Mn | - |
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 |
API Access
Morgan Stanley Direct Lending Fund Market Capitalization 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=market-capitalization&ticker=MSDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=MSDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();