Morgan Stanley Direct Lending Fund (MSDL) Other Accumulated Expenses (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) reported Other Accumulated Expenses of $51,000 for Q2 2026, down 46.9% from $96,000 a year earlier and down 38.6% from the prior quarter.
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Analysis
Morgan Stanley Direct Lending Fund (MSDL) Other Accumulated Expenses (2022 - 2026) Analysis & Trends
At the end of FY2025, Morgan Stanley Direct Lending Fund posted Other Accumulated Expenses of $91,000, up 213.8% from FY2024.
- Other Accumulated Expenses has a three-year compound annual growth rate of -64.8% (FY2022 to FY2025).
- By year, Other Accumulated Expenses came in at $29,000 in FY2024 (-99.0%), $2.87 million in FY2023 (+37.6%) and $2.09 million in FY2022.
- The Q2 2026 figure ranks as the lowest quarterly Other Accumulated Expenses since Q1 2025.
- Year over year, Other Accumulated Expenses gained in three of the last eight quarters, with growth averaging 57.0%.
- The high point for year-over-year Other Accumulated Expenses in five years was Q1 2026 (growth of 654.5%); the low point was Q1 2025 (a decline of 99.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $83,000 (Q1 2026), $91,000 (Q4 2025) and $176,000 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.94 Bn | 29.62 Bn | - |
| 2 | Orix | 41.70 Bn | 42.20 Bn | - |
| 3 | Royalty Pharma | 32.87 Bn | 32.78 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 25.52 Bn | 25.52 Bn | - |
| 5 | Affirm Holdings | 23.86 Bn | 17.55 Bn | - |
| 6 | Synchrony Financial | 23.33 Bn | -44.64 Bn | - |
| 7 | Royal Gold | 19.87 Bn | 19.09 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 13.89 Bn | 4.98 Bn | - |
| 9 | Ares Capital | 13.54 Bn | 10.98 Bn | - |
| 10 | Morgan Stanley Direct Lending Fund | 1.14 Bn | 793.57 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51,000.00 |
| Mar 31, 2026 | 83,000.00 |
| Dec 31, 2025 | 91,000.00 |
| Sep 30, 2025 | 176,000.00 |
| Jun 30, 2025 | 96,000.00 |
| Mar 31, 2025 | 11,000.00 |
| Dec 31, 2024 | 29,000.00 |
| Sep 30, 2024 | 173,000.00 |
| Jun 30, 2024 | 1.51 Mn |
| Mar 31, 2024 | 2.51 Mn |
| Dec 31, 2023 | 2.87 Mn |
| Sep 30, 2023 | 702,000.00 |
| Jun 30, 2023 | 992,000.00 |
| Dec 31, 2022 | 2.09 Mn |
API Access
Morgan Stanley Direct Lending Fund Other Accumulated Expenses 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=other-accumulated-expenses&ticker=MSDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-accumulated-expenses", "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=other-accumulated-expenses&ticker=MSDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();