Companies /Financial Services

Morgan Stanley Direct Lending Fund

NYSE: MSDL Asset Management
$13.33
▼ $0.15 (−1.11%) today
Markets closed · 6:41pm ET

MSDL at a Glance

Valuation
Market cap
$1.1B
P/E ratio
19.5
Dividend yield
14.00%
Profitability
Revenue (TTM)
$374.2M
Profit margin
16.0%
EPS (TTM)
$0.69
Price
52-week range
$13 – $16
Street target
$15.61
Earnings
Next report
Nov 5, 2026

Headquartered in New York, NY Fiscal year ends December NYSE: MSDL

About Morgan Stanley Direct Lending Fund

Morgan Stanley Direct Lending Fund (NYSE: MSDL) is a non-diversified, externally managed specialty finance company structured as a business development company (BDC) under the Investment Company Act of 1940. The company focuses on originating and investing in senior secured loans to U.S. middle-market companies, with its portfolio overwhelmingly concentrated in first lien debt (93.1% of fair value). MSDL is externally managed by MS Capital Partners Adviser Inc., an indirect, wholly owned subsidiary of Morgan Stanley, though it is not consolidated with Morgan Stanley. The company generates income primarily through interest on its floating-rate debt investments (99.6% of portfolio), supplemented by payment-in-kind income and dividend income. MSDL finances its investment portfolio through a combination of secured credit facilities, senior unsecured notes, and a CLO vehicle. The company also operates a joint venture, Capstone Lending LLC, with an institutional partner, pursuing a substantially similar direct lending strategy. As of June 30, 2026, the portfolio comprised 229 companies across 36 industries with a total fair value of approximately $3.6 billion. Updated

MSDL Coverage

Frequently Asked Questions

What does Morgan Stanley Direct Lending Fund do?

Morgan Stanley Direct Lending Fund (NYSE: MSDL) is a non-diversified, externally managed specialty finance company structured as a business development company (BDC) under the Investment Company Act of 1940.

What is the MSDL stock price target?

The Wall Street consensus 12-month price target for MSDL is $15.61.