Morgan Stanley Direct Lending Fund (MSDL) Total Liabilities (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) posted quarterly Total Liabilities of $2.1 billion for Q1 2026, up 1.91% year-over-year from $2.1 billion in Q1 2025, and down 1.73% quarter-over-quarter from $2.2 billion in Q4 2025.
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 Q1 2026.
- In Q1 2026, Total Liabilities rose 1.91% year-over-year to $2.1 billion; the TTM figure through Mar 2026 stood at $2.1 billion (up 1.91% YoY), while the FY2025 annual figure was $2.2 billion, up 4.93% from the prior year.
- Total Liabilities retreated to $2.1 billion in Q1 2026 per MSDL's latest filing, from $2.2 billion in the prior quarter.
- Across five years, Total Liabilities topped out at $2.2 billion in Q4 2025 and bottomed at $1.6 billion in Q1 2024.
- Historically, Total Liabilities has averaged $1.9 billion across 5 years, with a median of $1.9 billion in 2023.
- Annual changes were most pronounced in 2024 — Total Liabilities retreated 4.91% — and 2025, when it jumped 33.88%.
- Morgan Stanley Direct Lending Fund's Total Liabilities stood at $1.6 billion in 2022, then declined by 0.2% to $1.6 billion in 2023, then surged by 30.54% to $2.1 billion in 2024, then climbed by 4.93% to $2.2 billion in 2025, then declined by 1.73% to $2.1 billion in 2026.
- Business Quant data shows MSDL's Total Liabilities at $2.1 billion in Q1 2026, $2.2 billion in Q4 2025, and $2.2 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 111.34 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 27.46 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 334.01 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 358.88 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 8.21 Bn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 452.57 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 390.11 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 191.51 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 165.90 Bn |
| 10 | Morgan Stanley Direct Lending Fund | 1.30 Bn | 1.22 Bn | - | 2.06 Bn |
Historic Data
Download 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 |