Morgan Stanley Direct Lending Fund (MSDL) Non-Current Debt (2022 - 2026)
Morgan Stanley Direct Lending Fund's (MSDL) quarterly Non-Current Debt came in at $2.1 billion in Q1 2026, up 2.2% year-on-year from $2.0 billion in Q1 2025, and down 1.61% on a QoQ basis from $2.1 billion in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) Non-Current Debt (2022 - 2026) Analysis & Trends
Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Non-Current Debt data on file, last reported at $2.1 billion in Q1 2026.
- On a quarterly basis, Non-Current Debt rose 2.2% year-over-year to $2.1 billion in Q1 2026; TTM through Mar 2026 was $2.1 billion, a 2.2% increase from a year earlier, with the FY2025 full-year figure at $2.1 billion, up 5.74% from the prior year.
- Non-Current Debt for Q1 2026 stood at $2.1 billion, down from $2.1 billion in the prior quarter.
- Over the last five years, Non-Current Debt for MSDL reached as high as $2.1 billion in Q4 2025 and fell as low as $1.5 billion in Q1 2024.
- Historically, Non-Current Debt has averaged $1.8 billion across 5 years, with a median of $1.8 billion in 2023.
- Across the five-year window, Non-Current Debt retreated 6.15% in 2024 and soared 35.13% in 2025, its largest moves.
- Year by year, Non-Current Debt stood at $1.5 billion in 2022, then retreated by 1.8% to $1.5 billion in 2023, then soared by 31.91% to $2.0 billion in 2024, then increased by 5.74% to $2.1 billion in 2025, then dropped by 1.61% to $2.1 billion in 2026.
- Per Business Quant data, the three most recent Non-Current Debt figures were $2.1 billion in Q1 2026, $2.1 billion in Q4 2025, and $2.1 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 15.06 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 12.32 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 13.28 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 14.22 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | - |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 200.00 Mn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 7.84 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.52 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | - |
| 10 | Morgan Stanley Direct Lending Fund | 1.29 Bn | 1.19 Bn | - | 2.05 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.05 Bn |
| Dec 31, 2025 | 2.09 Bn |
| Sep 30, 2025 | 2.07 Bn |
| Jun 30, 2025 | 2.05 Bn |
| Mar 31, 2025 | 2.01 Bn |
| Dec 31, 2024 | 1.97 Bn |
| Sep 30, 2024 | 1.84 Bn |
| Jun 30, 2024 | 1.66 Bn |
| Mar 31, 2024 | 1.49 Bn |
| Dec 31, 2023 | 1.50 Bn |
| Sep 30, 2023 | 1.72 Bn |
| Jun 30, 2023 | 1.55 Bn |
| Mar 31, 2023 | 1.58 Bn |
| Dec 31, 2022 | 1.52 Bn |