Morgan Stanley Direct Lending Fund (MSDL) Other Working Capital Changes (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) reported Other Working Capital Changes of -$5.2 million for Q1 2026, down 297.17% year-over-year from $2.7 million in Q1 2025, and up 14.7% on a QoQ basis from -$6.1 million in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Other Working Capital Changes data on file, last reported at -$5.2 million in Q1 2026.
- Quarterly Other Working Capital Changes fell 297.17% year-over-year to -$5.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$7.8 million (down 408.64% YoY) and the FY2025 annual result came in at $51000.0, down 61.36% from the prior year.
- Other Working Capital Changes improved to -$5.2 million in Q1 2026 per MSDL's latest filing, from -$6.1 million in the prior quarter.
- Across five years, Other Working Capital Changes topped out at $23.5 million in Q3 2023 and bottomed at -$23.8 million in Q4 2023.
- The 5-year median for Other Working Capital Changes is -$19000.0 (2024), against an average of -$309352.9.
- Peak annual rise in Other Working Capital Changes reached 14089.29% in 2023, while the deepest fall reached 476580.0% in 2023.
- Tracing MSDL's Other Working Capital Changes over 5 years: stood at -$5000.0 in 2022, then sank by 476580.0% to -$23.8 million in 2023, then soared by 99.42% to -$139000.0 in 2024, then tumbled by 4308.63% to -$6.1 million in 2025, then gained by 14.7% to -$5.2 million in 2026.
- Per Business Quant, the three latest MSDL Other Working Capital Changes figures stand at -$5.2 million (Q1 2026), -$6.1 million (Q4 2025), and $5.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - |
| 10 | Morgan Stanley Direct Lending Fund | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -5.23 Mn |
| Mar 31, 2026 | -5.23 Mn |
| Dec 31, 2025 | -6.13 Mn |
| Dec 31, 2025 | -6.13 Mn |
| Sep 30, 2025 | 5.79 Mn |
| Sep 30, 2025 | 5.79 Mn |
| Jun 30, 2025 | -2.27 Mn |
| Jun 30, 2025 | -2.27 Mn |
| Mar 31, 2025 | 2.65 Mn |
| Mar 31, 2025 | 2.65 Mn |
| Dec 31, 2024 | -139,000.00 |
| Dec 31, 2024 | -139,000.00 |
| Sep 30, 2024 | 43,000.00 |
| Sep 30, 2024 | 43,000.00 |
| Jun 30, 2024 | -19,000.00 |
| Jun 30, 2024 | -19,000.00 |
| Mar 31, 2024 | 247,000.00 |
| Mar 31, 2024 | 247,000.00 |
| Dec 31, 2023 | -23.83 Mn |
| Dec 31, 2023 | -23.83 Mn |
| Sep 30, 2023 | 23.50 Mn |
| Sep 30, 2023 | 23.50 Mn |
| Jun 30, 2023 | -103,000.00 |
| Jun 30, 2023 | -103,000.00 |
| Mar 31, 2023 | 448,000.00 |
| Mar 31, 2023 | 448,000.00 |
| Dec 31, 2022 | -5,000.00 |
| Dec 31, 2022 | -5,000.00 |
| Sep 30, 2022 | -168,000.00 |
| Sep 30, 2022 | -168,000.00 |
| Jun 30, 2022 | -184,000.00 |
| Jun 30, 2022 | -184,000.00 |
| Mar 31, 2022 | 129,000.00 |
| Mar 31, 2022 | 129,000.00 |