Morgan Stanley Direct Lending Fund (MSDL) Total Liabilities (2022 - 2026)
Morgan Stanley Direct Lending Fund's (MSDL) quarterly Total Liabilities came in at $2.1 billion in Q2 2026, down 3.22% year-over-year from $2.1 billion in Q2 2025, and down 3.35% quarter-over-quarter from $2.1 billion in Q1 2026.
Analysis
Morgan Stanley Direct Lending Fund (MSDL) Total Liabilities (2022 - 2026) Analysis & Trends
Morgan Stanley Direct Lending Fund (MSDL) has reported Total Liabilities for 5 consecutive years, with $2.1 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Total Liabilities fell 3.22% year-over-year to $2.1 billion in Q2 2026; TTM through Jun 2026 was $2.1 billion, a 3.22% decrease from a year earlier, with the FY2025 full-year figure at $2.2 billion, up 4.93% from the prior year.
- Total Liabilities was $2.1 billion for Q2 2026 at Morgan Stanley Direct Lending Fund, down from $2.1 billion in the prior quarter.
- Over five years, Total Liabilities peaked at $2.2 billion in Q4 2025 and troughed at -$1.3 billion in Q3 2022.
- A 5-year average of $1.4 billion and a median of $1.8 billion in 2023 frame the typical range for Total Liabilities.
- Across the five-year window, Total Liabilities surged 238.13% in 2023 and fell 4.91% in 2024, its largest moves.
- Over 5 years, Total Liabilities stood at $1.6 billion in 2022, then slipped by 0.2% to $1.6 billion in 2023, then soared by 30.54% to $2.1 billion in 2024, then gained by 4.93% to $2.2 billion in 2025, then fell by 5.02% to $2.1 billion in 2026.
- The last three Total Liabilities figures came in at $2.1 billion (Q2 2026), $2.1 billion (Q1 2026), and $2.2 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.73 Bn | - | 16.61 Bn |
| 2 | Blackstone Secured Lending Fund | 5.69 Bn | 5.42 Bn | - | 7.85 Bn |
| 3 | Blue Owl Capital | 5.52 Bn | 5.28 Bn | - | 8.32 Bn |
| 4 | Main Street Capital | 5.26 Bn | 5.20 Bn | - | 2.77 Bn |
| 5 | Blue Owl Technology Finance | 5.05 Bn | 4.84 Bn | - | 7.52 Bn |
| 6 | Hercules Capital | 4.64 Bn | 4.59 Bn | - | 2.41 Bn |
| 7 | FS KKR Capital | 3.37 Bn | 3.27 Bn | - | 6.73 Bn |
| 8 | Golub Capital Bdc | 3.34 Bn | 3.30 Bn | - | 4.63 Bn |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -129.09 Mn | - | 1.62 Bn |
| 10 | Morgan Stanley Direct Lending Fund | 1.25 Bn | 1.17 Bn | - | 2.06 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.06 Bn |
| Mar 31, 2026 | 2.13 Bn |
| Dec 31, 2025 | 2.17 Bn |
| Sep 30, 2025 | 2.16 Bn |
| Jun 30, 2025 | 2.13 Bn |
| Mar 31, 2025 | 2.09 Bn |
| Dec 31, 2024 | 2.07 Bn |
| Sep 30, 2024 | 1.94 Bn |
| Jun 30, 2024 | 1.79 Bn |
| Mar 31, 2024 | 1.56 Bn |
| Dec 31, 2023 | 1.59 Bn |
| Sep 30, 2023 | 1.80 Bn |
| Jun 30, 2023 | 1.63 Bn |
| Mar 31, 2023 | 1.65 Bn |
| Dec 31, 2022 | 1.59 Bn |
| Sep 30, 2022 | -1.31 Bn |
| Jun 30, 2022 | -1.24 Bn |
| Mar 31, 2022 | -1.19 Bn |