Public, exchange-traded

MSDL — Morgan Stanley Direct Lending Fund

Morgan Stanley Direct Lending Fund is a business development company managed by Morgan Stanley IM. Strategy: middle-market upper/core direct lending.

Research

Saved views Comp groups

Continue researching MSDL

Open MSDL's portfolio in the Market Monitor The Market Monitor scoped to MSDL: positions, spread surface, spread deviations and credit health for this one portfolio. Signed-in workspace.
Research the credits it holds The portfolio table below: each credit links to its company page, with every other holder of that credit.

What SpreadVista tracks for MSDL

•Marks-to-par across the portfolio. Fair value as a fraction of par cost — the canonical health signal for a private-credit position — read from MSDL's own iXBRL tags and tracked quarter-over-quarter. A mark needs a par basis to exist, and MSDL reports one on 58% of the positions we serve; the rest (equity stakes, warrants, untagged principal) are shown without one rather than estimated.
•Reported NAV per share. MSDL's net asset value per share as filed, and — for exchange-listed tickers — the premium or discount its market price carries to that NAV.
•Non-accrual positions. The MSDL positions we tied to a non-accrual disclosure in the filer's own footnotes, and the dollar exposure behind them. A position is flagged only where the filing says so — every other position is carried as unknown, never as performing — so read this as a floor on MSDL's non-accruals, not a complete list.
•Top issuers by fair value. MSDL's concentration profile — the largest 10/25/50 exposures with mark and maturity context.
•Spread surface vs comparable BDCs. Where MSDL's positions sit on the credit-spread surface relative to peer-group BDCs holding similar credits, across the 74.3% of its positions that carry a tagged spread over a reference rate.
•Cross-vehicle issuer exposure. Which other BDCs and interval funds disclose holding the same credits as MSDL, with each vehicle's reported exposure read from its own filing.

See MSDL's full analytics

Free to research. Every MSDL position we serve, every cross-vehicle overlap — sourced directly from primary regulatory disclosures, with the methodology and the coverage gaps shown on every chart.

Request access

About MSDL

Ticker: MSDL
Legal name: Morgan Stanley Direct Lending Fund
Manager / Advisor: Morgan Stanley IM
Category: Public, exchange-traded
Strategy: Middle-market upper/core direct lending
Fiscal year end: 12-31

Related concepts

Plain-English explanations of the concepts behind BDC analysis:

Continue researching MSDL

Open MSDL's portfolio in the Market Monitor The Market Monitor scoped to MSDL: positions, spread surface, spread deviations and credit health for this one portfolio. Signed-in workspace.

Research the credits it holds The portfolio table below: each credit links to its company page, with every other holder of that credit.

What SpreadVista tracks for MSDL

•Marks-to-par across the portfolio. Fair value as a fraction of par cost — the canonical health signal for a private-credit position — read from MSDL's own iXBRL tags and tracked quarter-over-quarter. A mark needs a par basis to exist, and MSDL reports one on 58% of the positions we serve; the rest (equity stakes, warrants, untagged principal) are shown without one rather than estimated.

•Reported NAV per share. MSDL's net asset value per share as filed, and — for exchange-listed tickers — the premium or discount its market price carries to that NAV.

•Non-accrual positions. The MSDL positions we tied to a non-accrual disclosure in the filer's own footnotes, and the dollar exposure behind them. A position is flagged only where the filing says so — every other position is carried as unknown, never as performing — so read this as a floor on MSDL's non-accruals, not a complete list.

•Top issuers by fair value. MSDL's concentration profile — the largest 10/25/50 exposures with mark and maturity context.

•Spread surface vs comparable BDCs. Where MSDL's positions sit on the credit-spread surface relative to peer-group BDCs holding similar credits, across the 74.3% of its positions that carry a tagged spread over a reference rate.

•Cross-vehicle issuer exposure. Which other BDCs and interval funds disclose holding the same credits as MSDL, with each vehicle's reported exposure read from its own filing.