Morgan Stanley Direct Lending Fund (MSDL) Payables (2022 - 2026)

Morgan Stanley Direct Lending Fund's (MSDL) quarterly Payables came in at $38.6 million in Q1 2026, down 12.57% year-on-year from $44.1 million in Q1 2025, and down 10.96% on a QoQ basis from $43.3 million in Q4 2025.

Morgan Stanley Direct Lending Fund (MSDL) Payables (2022 - 2026) Analysis & Trends

Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Payables data on file, last reported at $38.6 million in Q1 2026.

  • On a quarterly basis, Payables fell 12.57% year-over-year to $38.6 million in Q1 2026; TTM through Mar 2026 was $38.6 million, a 12.57% decrease from a year earlier, with the FY2025 full-year figure at $43.3 million, down 18.67% from the prior year.
  • Payables for Q1 2026 stood at $38.6 million, down from $43.3 million in the prior quarter.
  • Over the last five years, Payables for MSDL reached as high as $53.7 million in Q3 2024 and fell as low as $35.1 million in Q4 2022.
  • Historically, Payables has averaged $44.6 million across 5 years, with a median of $43.8 million in 2023.
  • Across the five-year window, Payables jumped 50.35% in 2023 and fell 18.68% in 2025, its largest moves.
  • Year by year, Payables stood at $35.1 million in 2022, then soared by 50.35% to $52.8 million in 2023, then climbed by 0.79% to $53.3 million in 2024, then retreated by 18.67% to $43.3 million in 2025, then dropped by 10.96% to $38.6 million in 2026.
  • Per Business Quant data, the three most recent Payables figures were $38.6 million in Q1 2026, $43.3 million in Q4 2025, and $43.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Payables (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn 58.82 Bn
2 BlackRock 161.01 Bn 148.08 Bn - 2.10 Bn
3 Blackstone 97.77 Bn 96.72 Bn - 3.11 Bn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 2.93 Bn
5 State Street 51.30 Bn 51.30 Bn - -
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 33.28 Bn
7 Northern Trust 32.93 Bn 32.93 Bn - 139.70 Bn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 62.42 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 369.50 Mn
10 Morgan Stanley Direct Lending Fund 1.29 Bn 1.19 Bn - 38.57 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 38.57 Mn
Dec 31, 2025 43.31 Mn
Sep 30, 2025 43.68 Mn
Jun 30, 2025 43.67 Mn
Mar 31, 2025 44.11 Mn
Dec 31, 2024 53.26 Mn
Sep 30, 2024 53.71 Mn
Jun 30, 2024 46.21 Mn
Mar 31, 2024 46.96 Mn
Dec 31, 2023 52.84 Mn
Sep 30, 2023 43.91 Mn
Jun 30, 2023 41.26 Mn
Mar 31, 2023 37.07 Mn
Dec 31, 2022 35.14 Mn