Earnings summaries and quarterly performance for Morgan Stanley Direct Lending Fund.
Executive leadership at Morgan Stanley Direct Lending Fund.
Michael Occi
Detailed
Chief Executive Officer
CEO
AK
Ashwin Krishnan
Detailed
Chief Investment Officer
DP
David Pessah
Detailed
Chief Financial Officer
GP
Gauranga Pal
Detailed
Chief Compliance Officer
JD
Jeffrey Day
Detailed
Co-President
JF
Jonathan Frohlinger
Detailed
Principal Accounting Officer
OM
Orit Mizrachi
Detailed
Co-President
Board of directors at Morgan Stanley Direct Lending Fund.
Research analysts who have asked questions during Morgan Stanley Direct Lending Fund earnings calls.
MW
Melissa Wedel
JPMorgan Chase & Co.
3 questions for MSDL
Also covers: ARCC, BXSL, CGBD +12 more
AL
Ameeta Lobo Nelson
UBS
2 questions for MSDL
Also covers: AGO
Heli Sheth
Raymond James
2 questions for MSDL
Also covers: BBDC, BXSL, GBDC +4 more
DH
Douglas Harter
UBS
1 question for MSDL
Also covers: ACRE, ACT, AGNC +42 more
ML
Marissa Lobo
UBS Group
1 question for MSDL
Also covers: ACRE, AGO, IVR +1 more
Paul Johnson
Keefe, Bruyette & Woods
1 question for MSDL
Also covers: ARCC, BCSF, BXSL +23 more
SA
Sean-Paul Adams
Not Provided in Transcript
1 question for MSDL
Also covers: , ARCC, BXSL +18 more
Recent press releases and 8-K filings for MSDL.
Morgan Stanley Direct Lending Fund Announces Q4 2025 Financial Results and Q1 2026 Dividend
MSDL
Earnings
Dividends
Share Buyback
- Morgan Stanley Direct Lending Fund announced its financial results for the fourth quarter and fiscal year ended December 31, 2025.
- For the quarter ended December 31, 2025, net investment income was $42.4 million, or $0.49 per share, and net asset value was $20.26 per share as of December 31, 2025. The debt-to-equity ratio was 1.20x as of December 31, 2025.
- The Board of Directors declared a regular dividend of $0.45 per share for the first quarter of 2026, payable around April 24, 2026, to shareholders of record as of March 31, 2026.
- A new share repurchase program of up to $100 million was authorized on February 26, 2026, replacing the prior program.
- The Company launched Capstone Lending LLC, a joint venture with an institutional partner, with MSDL agreeing to contribute up to $200.0 million.
1 day ago
Morgan Stanley Direct Lending Fund Announces Q4 2025 Results and Q1 2026 Dividend
MSDL
Earnings
Dividends
Share Buyback
- Morgan Stanley Direct Lending Fund (MSDL) reported net investment income of $42.4 million, or $0.49 per share, and earnings per share of $0.33 for the quarter ended December 31, 2025.
- The company's net asset value was $20.26 per share as of December 31, 2025, with a debt-to-equity ratio of 1.20x.
- MSDL declared a regular dividend of $0.45 per share on February 26, 2026, payable around April 24, 2026, to shareholders of record as of March 31, 2026.
- A new share repurchase program was authorized on February 26, 2026, allowing for repurchases of up to $100 million of common stock over a 24-month period.
- Subsequent to quarter end, MSDL launched Capstone Lending LLC, a joint venture, agreeing to contribute up to $200.0 million.
1 day ago
Morgan Stanley Direct Lending Fund Announces Q3 2025 Financial Results
MSDL
Earnings
Dividends
Debt Issuance
- Morgan Stanley Direct Lending Fund reported net investment income of $43.7 million, or $0.50 per share, for the quarter ended September 30, 2025, consistent with the prior quarter.
- The Board of Directors declared a regular dividend of $0.50 per share for the fourth quarter of 2025, payable on or around January 23, 2026, to shareholders of record as of December 31, 2025.
- Net asset value per share was $20.41 as of September 30, 2025, a slight decrease from $20.59 as of June 30, 2025.
- Debt-to-equity increased to 1.17x as of September 30, 2025, from 1.15x as of June 30, 2025, following the successful closing of an inaugural CLO with approximately $401 million of aggregate principal.
Nov 6, 2025, 9:28 PM
Morgan Stanley Direct Lending Fund Subsidiary Completes $401.2 Million Debt Securitization
MSDL
Debt Issuance
New Projects/Investments
- Morgan Stanley Direct Lending Fund's indirect, wholly-owned subsidiary, North Haven Private Credit CLO 1 LLC, completed a $401.2 million term debt securitization on September 17, 2025.
- This collateralized loan obligation (CLO) involves Morgan Stanley Direct Lending Fund being appointed as the Collateral Servicer for the agreement.
- The securitization includes various debt classes: $50 million Class A-1 Loans, $182 million Class A-1 Notes, $16 million Class A-2 Notes, $24 million Class B Notes, $32 million Class C Notes, $24 million Class D Notes, and $73.2 million Subordinated Notes.
- Most secured debt classes bear interest at 3-month Term SOFR plus a spread and have a stated maturity of October 2037, while the Subordinated Notes mature in October 2125 and do not bear interest.
Sep 22, 2025, 8:16 PM
Quarterly earnings call transcripts for Morgan Stanley Direct Lending Fund.
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