About Morgan Stanley Direct Lending Fund
http://www.msdl.comMorgan Stanley Direct Lending Fund is a business development and finance company, which engages in lending to middle-market companies. It invests in directly originated senior secured term loans including first lien senior secured term loans and second lien senior secured term loans. The company was founded on May 30, 2019 and is headquartered in New York, NY.

CEO
Michael Occi Jr.
Compensation Summary
(Year )
ETFs Holding This Stock
Summary
Showing Top 3 of 8
Ratings Snapshot
Rating : B+
Most Recent Analyst Grades

Wells Fargo
Overweight

Keefe, Bruyette & Woods
Market Perform

RBC Capital
Sector Perform

JP Morgan
Neutral

UBS
Neutral
Grade Summary
Showing Top 5 of 5
Price Target
Institutional Ownership

MORGAN STANLEY
Shares:15.9M
Value:$265.74M

VAN ECK ASSOCIATES CORP
Shares:1.97M
Value:$32.88M

GENERALI ASSET MANAGEMENT SPA SGR
Shares:1.83M
Value:$30.58M
Summary
Showing Top 3 of 123
About Morgan Stanley Direct Lending Fund
http://www.msdl.comMorgan Stanley Direct Lending Fund is a business development and finance company, which engages in lending to middle-market companies. It invests in directly originated senior secured term loans including first lien senior secured term loans and second lien senior secured term loans. The company was founded on May 30, 2019 and is headquartered in New York, NY.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $64.68M ▼ | $2.78M ▲ | $27.6M ▼ | 42.67% ▼ | $0.32 ▼ | $28M ▼ |
| Q2-2025 | $73.04M ▲ | $2.04M ▲ | $36.1M ▲ | 49.42% ▲ | $0.41 ▲ | $36.3M ▲ |
| Q1-2025 | $65.44M ▼ | $963K ▲ | $29.67M ▼ | 45.34% ▼ | $0.34 ▼ | $30.3M ▼ |
| Q4-2024 | $84.03M ▼ | $-1.81M ▲ | $51.63M ▼ | 61.44% ▼ | $0.58 ▼ | $52.63M ▼ |
| Q3-2024 | $85M | $-1.86M | $53.21M | 62.59% | $0.6 | $53.71M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $65.47M ▼ | $3.93B ▲ | $2.16B ▲ | $1.77B ▼ |
| Q2-2025 | $75.81M ▲ | $3.92B ▲ | $2.13B ▲ | $1.79B ▼ |
| Q1-2025 | $65.58M ▼ | $3.91B ▲ | $2.09B ▲ | $1.82B ▼ |
| Q4-2024 | $70.37M ▼ | $3.91B ▲ | $2.07B ▲ | $1.84B ▼ |
| Q3-2024 | $90.43M | $3.79B | $1.94B | $1.85B |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $27.6M ▼ | $34.41M ▼ | $-12.76M ▼ | $-25.82M ▲ | $13.26M ▲ | $34.41M ▼ |
| Q2-2025 | $36.1M ▲ | $40.81M ▲ | $1.66M ▲ | $-32.31M ▲ | $-17.18M ▼ | $40.81M ▲ |
| Q1-2025 | $29.67M ▼ | $34.1M ▲ | $0 | $-37.06M ▼ | $-2.97M ▲ | $34.1M ▲ |
| Q4-2024 | $51.63M ▼ | $-96.18M ▲ | $0 | $78.11M ▼ | $-18.06M ▼ | $-96.18M ▲ |
| Q3-2024 | $53.21M | $-117.03M | $0 | $112.49M | $-4.54M | $-117.03M |

CEO
Michael Occi Jr.
Compensation Summary
(Year )
ETFs Holding This Stock
Summary
Showing Top 3 of 8
Ratings Snapshot
Rating : B+
Most Recent Analyst Grades

Wells Fargo
Overweight

Keefe, Bruyette & Woods
Market Perform

RBC Capital
Sector Perform

JP Morgan
Neutral

UBS
Neutral
Grade Summary
Showing Top 5 of 5
Price Target
Institutional Ownership

MORGAN STANLEY
Shares:15.9M
Value:$265.74M

VAN ECK ASSOCIATES CORP
Shares:1.97M
Value:$32.88M

GENERALI ASSET MANAGEMENT SPA SGR
Shares:1.83M
Value:$30.58M
Summary
Showing Top 3 of 123




