Morgan Stanley Direct Lending Fund (MSDL) Payables (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) posted quarterly Payables of $38.6 million for Q1 2026, down 12.57% year-over-year from $44.1 million in Q1 2025, and down 10.96% quarter-over-quarter 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 reported Payables for 5 consecutive years, with $38.6 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Payables fell 12.57% year-over-year to $38.6 million; the TTM figure through Mar 2026 stood at $38.6 million (down 12.57% YoY), while the FY2025 annual figure was $43.3 million, down 18.67% from the prior year.
- Payables retreated to $38.6 million in Q1 2026 per MSDL's latest filing, from $43.3 million in the prior quarter.
- Across five years, Payables topped out at $53.7 million in Q3 2024 and bottomed at $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.
- Annual changes were most pronounced in 2023 — Payables soared 50.35% — and 2025, when it decreased 18.68%.
- Morgan Stanley Direct Lending Fund's Payables stood at $35.1 million in 2022, then jumped by 50.35% to $52.8 million in 2023, then gained by 0.79% to $53.3 million in 2024, then declined by 18.67% to $43.3 million in 2025, then decreased by 10.96% to $38.6 million in 2026.
- Business Quant data shows MSDL's Payables at $38.6 million in Q1 2026, $43.3 million in Q4 2025, and $43.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 2.01 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 3.10 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | - |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 54.49 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 2.18 Bn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 4.13 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | - |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 33.73 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 145.58 Bn |
| 10 | Morgan Stanley Direct Lending Fund | 1.30 Bn | 1.22 Bn | - | 38.15 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 38.15 Mn |
| 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 |