MSDL - NYSE

Morgan Stanley Direct Lending Fund

MSDL·NYSE

$15.15

-2.8%

Financial ServicesFinancial - Conglomerates

Morgan 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.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$1.28B

EPS1.4000

P/E Ratio10.82

Earnings Date08/06/2026

msdl

Net Receivables

Last Annual Value

26.42M

3-Year CAGR

5-Year CAGR

62%

10-Year CAGR

Adjust for Inflation

Morgan Stanley Direct Lending Fund Competitors Analysis of Net Receivables

MSDL · NYSE

Company	Net Receivables	CAGR 3Y	CAGR 5Y	CAGR 10Y
Morgan Stanley Direct Lending Fund NYSE:MSDL	26.42M	-3.2%	5.8%	N/A
TriCo Bancshares NASDAQ:TCBK	33.65M	-9.2%	5.4%	9.1%
Merchants Bancorp NASDAQ:MBIN	11.03B	394.3%	240.5%	114.4%
1st Source Corporation NASDAQ:SRCE	0.00	N/A	N/A	N/A
S&T Bancorp, Inc. NASDAQ:STBA	2.00K	N/A	N/A	N/A
First Merchants Corporation NASDAQ:FRME	93.37M	-1.5%	10.3%	13.4%
General American Investors Company, Inc. NYSE:GAM	0.00	N/A	N/A	N/A
Central Securities Corp. NYSE:CET	2.70M	41.4%	31.2%	16.1%
Oxford Lane Capital Corp. NASDAQ:OXLC	21.56M	-3.7%	4.6%	11.4%

Morgan Stanley Direct Lending Fund Fair Value Envelope

MSDL · NYSE

Our analysis suggests that MSDL has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $15.15, this represents a potential HIDDEN relative to our calculated worth for Morgan Stanley Direct Lending Fund.

HIDDEN

Intrinsic Value

Current Price: $15.15

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