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.

What SpreadVista tracks for MSDL

•Marks-to-par across the entire portfolio. Every position's fair value as a fraction of par cost — the canonical health signal for a private-credit position. We track every MSDL mark quarter-over-quarter, sourced directly from SEC 10-Q/10-K Schedule of Investments tables.
•NAV per share history. MSDL's net asset value per share over time, with the components (interest accrual, gain/loss recognition, distributions) decomposed.
•Non-accrual rate and trend. Which MSDL positions have gone on non-accrual status, the dollar exposure, and the trajectory of credit deterioration.
•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-rated credits.
•Cross-vehicle issuer exposure. Which other BDCs and interval funds hold the same credits as MSDL— a contagion-risk view incumbents charge $20K–200K per seat for.

See MSDL's full analytics

Free during beta. Every MSDL position, every mark, every non-accrual, every cross-vehicle overlap — sourced directly from SEC filings, with the methodology shown on every chart.

Get Free 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 metrics we track for MSDL:

What SpreadVista tracks for MSDL

•Marks-to-par across the entire portfolio. Every position's fair value as a fraction of par cost — the canonical health signal for a private-credit position. We track every MSDL mark quarter-over-quarter, sourced directly from SEC 10-Q/10-K Schedule of Investments tables.

•NAV per share history. MSDL's net asset value per share over time, with the components (interest accrual, gain/loss recognition, distributions) decomposed.

•Non-accrual rate and trend. Which MSDL positions have gone on non-accrual status, the dollar exposure, and the trajectory of credit deterioration.

•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-rated credits.

•Cross-vehicle issuer exposure. Which other BDCs and interval funds hold the same credits as MSDL— a contagion-risk view incumbents charge $20K–200K per seat for.