Morgan Stanley Direct Lending Fund (MSDL) Other Operating Expenses (2022 - 2026)

Morgan Stanley Direct Lending Fund's (MSDL) quarterly Other Operating Expenses came in at $47.6 million in Q1 2026, down 12.61% year-on-year from $54.4 million in Q1 2025, and down 9.57% on a QoQ basis from $52.6 million in Q4 2025.

Morgan Stanley Direct Lending Fund (MSDL) Other Operating Expenses (2022 - 2026) Analysis & Trends

Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Other Operating Expenses data on file, last reported at $47.6 million in Q1 2026.

  • On a quarterly basis, Other Operating Expenses fell 12.61% year-over-year to $47.6 million in Q1 2026; TTM through Mar 2026 was $211.2 million, a 1.69% increase from a year earlier, with the FY2025 full-year figure at $218.1 million, up 4.21% from the prior year.
  • Other Operating Expenses for Q1 2026 stood at $47.6 million, down from $52.6 million in the prior quarter.
  • Over the last five years, Other Operating Expenses for MSDL reached as high as $55.6 million in Q3 2025 and fell as low as $17.4 million in Q1 2022.
  • Historically, Other Operating Expenses has averaged $42.8 million across 5 years, with a median of $44.7 million in 2023.
  • Across the five-year window, Other Operating Expenses surged 157.35% in 2023 and fell 12.61% in 2026, its largest moves.
  • Year by year, Other Operating Expenses stood at $20.6 million in 2022, then soared by 111.31% to $43.6 million in 2023, then gained by 26.97% to $55.4 million in 2024, then decreased by 5.04% to $52.6 million in 2025, then fell by 9.57% to $47.6 million in 2026.
  • Per Business Quant data, the three most recent Other Operating Expenses figures were $47.6 million in Q1 2026, $52.6 million in Q4 2025, and $55.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn
2 BlackRock 161.01 Bn 148.08 Bn -
3 Blackstone 97.77 Bn 96.72 Bn -
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn
5 State Street 51.30 Bn 51.30 Bn -
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn
7 Northern Trust 32.93 Bn 32.93 Bn -
8 Raymond James Financial 32.59 Bn 17.67 Bn -
9 Price T Rowe 24.70 Bn 21.13 Bn -
10 Morgan Stanley Direct Lending Fund 1.29 Bn 1.19 Bn -

Historic Data

Download Data
DateValue
Mar 31, 2026 47.56 Mn
Dec 31, 2025 52.59 Mn
Sep 30, 2025 55.55 Mn
Jun 30, 2025 55.52 Mn
Mar 31, 2025 54.42 Mn
Dec 31, 2024 55.38 Mn
Sep 30, 2024 50.40 Mn
Jun 30, 2024 47.52 Mn
Mar 31, 2024 43.91 Mn
Dec 31, 2023 43.62 Mn
Sep 30, 2023 43.76 Mn
Jun 30, 2023 40.90 Mn
Mar 31, 2023 44.73 Mn
Dec 31, 2022 20.64 Mn
Sep 30, 2022 33.70 Mn
Jun 30, 2022 20.52 Mn
Mar 31, 2022 17.38 Mn