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Morgan Stanley Direct Lending Fund(NYSE) MSDL

Market Cap$1.29BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2024)-7%
5 YearN/A
1 Year-7%
1 Month-1%
$15.09
-0.72%
-0.11Today
Morgan Stanley Direct Lending Fund last closing stock price
MetricPriceDate
Last closeUSD 15.202026-08-04
Morgan Stanley Direct Lending Fund stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.39%USD 15.262026-07-28
1 month-1.3%USD 15.402026-07-02
3 month-0.25%USD 15.242026-05-06
Year to date-1.91%USD 15.502025-12-31
1 year-7.23%USD 16.392025-08-04
Since inception-6.75%USD 15.672024-01-24

Morgan Stanley Direct Lending Fund Financials at a Glance

Market Cap

$1.29BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$299.71M

Net Income (TTM)

$87.91M

EPS (TTM)

$1.01

P/E Ratio

15.02

Dividend

$1.90

Beta (Volatility)

0.52 (Low)

Price

$15.09

Volume

113,961.402

Open

$15.25

Previous Close

$15.20

Daily Range

$15.05 - $15.38

52-Week Range

$13.66 - $18.53

Estimated Earnings Date

Aug 6, 2026

MSDL News

SellAlert-Purple.png

Truffle Hound Capital Closes Out Its Entire Private Credit Sleeve

Seena HassounaMay 10, 2026
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Morgan Stanley Q2 EPS Falls 38%

Motley Fool Markets TeamAug 8, 2025

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About Morgan Stanley Direct Lending Fund

Morgan Stanley Direct Lending Fund is a key player in the private credit market, focusing on direct lending strategies. The fund leverages Morgan Stanley's extensive expertise and reputation in financial services to provide tailored lending solutions to middle-market companies. Morgan Stanley Direct Lending Fund aims to benefit from shifts in the lending landscape, especially as traditional banks reduce their lending activities in certain segments. This strategic positioning enables the fund to cater to the unique financing needs of its clients while delivering potential returns for investors.

Products and Services

Direct lending solutions for middle-market companies

Customized financial services to address specific borrower needs

What Makes Morgan Stanley Direct Lending Fund Special

What sets Morgan Stanley Direct Lending Fund apart is its access to high-quality deal opportunities through Morgan Stanley's established financial services reputation. The leadership team brings substantial market insights and experience in credit investing, ensuring strong risk management and due diligence. The fund effectively navigates the complexities of private credit markets by focusing on underserved lending segments.

Five Things You Need to Know

Morgan Stanley Direct Lending Fund focuses on direct lending within the private credit market.

The fund targets middle-market companies looking for customized financial solutions.

Strong leadership and market expertise underpin the fund’s risk management and investment strategies.

Changes in regulatory constraints allow the fund to capture opportunities in niches overlooked by traditional banks.

Its strategic approach aims to deliver attractive risk-adjusted returns to investors.

AI Generated • Apr 16, 2026

Industry

Capital Markets

Sector

Financials

CEO

Michael Occi

Website

www.msdl.com

Headquarters

New York City, NY 10036, US

MSDL Financials

Key Financial Metrics (TTM)

Gross Margin

66.35%

Operating Margin

50.89%

Net Income Margin

29.33%

Return on Equity

5.02%

Return on Capital

6.73%

Return on Assets

2.30%

Earnings Yield

6.66%

Dividend Yield

12.50%

Payout Ratio

1.98%

Stock Overview

Market Cap

$1.29BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

84.76M

Volume

113.96K

Avg. Volume

557.49K

Financials (TTM)

Gross Profit

$198.87M

Operating Income

$152.53M

EBITDA

$152.53M

Operating Cash Flow

$219.92M

Capital Expenditure

$0.00

Free Cash Flow

$219.92M

Cash & ST Invst.

$96.69M

Total Debt

$2.05B

Morgan Stanley Direct Lending Fund Performance Analysis

Morgan Stanley Direct Lending Fund annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 230,796,00089.8%
20232023-12-31USD 366,337,00058.7%
20242024-12-31USD 397,158,0008.4%
20252025-12-31USD 386,993,000-2.6%
Morgan Stanley Direct Lending Fund sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3011.6%
Q32025-09-30-11.4%
Q42025-12-3134.4%
Q12026-03-31-13.7%
Morgan Stanley Direct Lending Fund annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 0.79-70.4%
20232023-12-31USD 3.11293.7%
20242024-12-31USD 2.43-21.8%
20252025-12-31USD 1.40-42.5%
Morgan Stanley Direct Lending Fund sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3020.6%
Q32025-09-30-22.0%
Q42025-12-313.1%
Q12026-03-31-115.9%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$75.06M

+14.7%

Gross Profit

$59.77M

+91.2%

Gross Margin

79.63%

N/A

Market Cap

$1.29BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

0

N/A

Net Income

-$4.51M

-115.2%

EBITDA

$26.16M

-13.7%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$96.69M

+47.4%

Total Debt

$2.05B

+2.2%

Accounts Receivable

$0.00

-100.0%

Inventory

$0.00

N/A

Long Term Debt

$2.05B

+2.2%

Short Term Debt

$0.00

N/A

Return on Assets

2.30%

N/A

Return on Invested Capital

4.07%

N/A

Free Cash Flow

$86.35M

+153.2%

Operating Cash Flow

$86.35M

+153.2%

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Questions About MSDL

What is the current price of Morgan Stanley Direct Lending Fund?

Morgan Stanley Direct Lending Fund is trading at $15.07 per share.

What is the 52-week range for Morgan Stanley Direct Lending Fund?

Over the past 52 weeks, Morgan Stanley Direct Lending Fund has traded between $13.66 and $18.53.

How much debt does Morgan Stanley Direct Lending Fund have?

As of the most recent reporting period, Morgan Stanley Direct Lending Fund reported total debt of $2.05B.

How much cash does Morgan Stanley Direct Lending Fund have on hand?

Morgan Stanley Direct Lending Fund reported $80.66M in cash and cash equivalents in its most recent financial results.

What is Morgan Stanley Direct Lending Fund’s dividend yield?

Morgan Stanley Direct Lending Fund currently has a dividend yield of 12.50%.

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