Morgan Stanley Direct Lending FundMSDL
MSDL
About: Morgan Stanley Direct Lending Fund is a fund whose investment objective is to achieve attractive risk-adjusted returns via current income and to a lesser extent, capital appreciation by investing predominantly in directly originated senior secured term loans issued by U.S. middle-market companies backed by private equity sponsors. It invests predominantly in directly originated senior secured term loans including first lien senior secured term loans including unitranche loans and second lien senior secured term loans, with the balance of the investments expected to be in higher-yielding assets such as mezzanine debt, unsecured debt, equity investments and other opportunistic asset purchases.
0
Funds holding %
of 7,296 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
325% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 12
127% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 11
19% more capital invested
Capital invested by funds: $432M [Q4 2024] → $513M (+$81.2M) [Q1 2025]
15% more funds holding
Funds holding: 82 [Q4 2024] → 94 (+12) [Q1 2025]
5.54% more ownership
Funds ownership: 23.48% [Q4 2024] → 29.02% (+5.54%) [Q1 2025]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 1 (+0) [Q1 2025]
57% less call options, than puts
Call options by funds: $1.26M | Put options by funds: $2.92M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$19
2%
downside
Avg. target
$20
3%
upside
High target
$21
8%
upside
5 analyst ratings
1 positive
20%
4 neutral
80%
0 negative
0%
RBC Capital Kenneth Lee | 8%upside $21 | Outperform Maintained | 22 May 2025 |
Wells Fargo Finian O'Shea | 2%downside $19 | Equal-Weight Maintained | 28 Apr 2025 |
JP Morgan Melissa Wedel | 0%upside $19.50 | Neutral Maintained | 24 Apr 2025 |
UBS Doug Harter | 5%upside $21 | Neutral Maintained | 17 Apr 2025 |
Keefe, Bruyette & Woods Ryan Lynch | 3%upside $20 | Market Perform Maintained | 8 Apr 2025 |
Financial journalist opinion
Based on 5 articles about MSDL published over the past 30 days
Negative
Seeking Alpha
6 days ago
The More It Tanks, The More It Stanks
High-yield stocks that trade at deep discounts to NAV often attract value-oriented income investors. However, most of the time, these investments are value traps. I share two popular stocks like this whose dividends I think are at risk and will likely deliver disappointing total returns to shareholders moving forward.
Neutral
Seeking Alpha
6 days ago
Sustainable And Popular 9-10% Yields: One To Buy And One To Sell
9%+ yields backed by strong business models, balance sheets, and track records are generally extremely popular with income investors. However, they are not always good buys. I detail one very popular high-yield stock that is not a good buy right now and one that is.
Positive
Seeking Alpha
3 weeks ago
Retire On Dividends With This 7%-Yielding Low-Stress Portfolio
Retiring on dividend cash flow offers predictable income and long-term growth, making it ideal for offsetting inflation and market volatility risks. I share the key principles for building a low-stress, high-yield portfolio for retirement. I share a model portfolio with numerous picks that combine for a ~7% yield and the potential to deliver inflation-beating dividend growth.
Positive
Seeking Alpha
3 weeks ago
Morgan Stanley Direct Lending: Is This 10% Yield Safe?
MSDL boasts a highly diversified, low-risk portfolio with over 210 loans, minimal concentration risk, and 96% first-lien investments, ensuring portfolio resilience. The company consistently generates strong investment income, supporting a sustainable 10% dividend yield with potential for supplemental distributions. Risks include MSDL's short public track record and sensitivity to falling interest rates, which could reduce payouts by up to 25%.
Negative
Seeking Alpha
3 weeks ago
Morgan Stanley Direct Lending Fund: I Am Downgrading To Hold
Morgan Stanley Direct Lending Fund's total return has been flat since IPO, despite dividends being paid as expected. MSDL's share price weakness has occurred due to the shift from premium to discount-to-NAV, driven by insider selling and sector repricing. Current P/NAV of 0.96x offers neither strong upside nor downside for share price return movement.
Neutral
Business Wire
1 month ago
Morgan Stanley Direct Lending Fund Prices Public Offering of $350.0 Million 6.000% Notes Due 2030
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Direct Lending Fund (NYSE: MSDL) (“MSDL” or the “Company”) today announced that it has priced an offering of $350.0 million aggregate principal amount of 6.000% notes due 2030 (the “Notes”). The Notes will mature on May 19, 2030 and may be redeemed in whole or in part at the Company's option at any time at par plus a “make-whole” premium, provided that the Notes may be redeemed at par one month prior to their maturity. The offering is expected to close.
Positive
Seeking Alpha
1 month ago
10% Yields Every Retiree Should Own
These 10% yielders combine safety, growth, and big upside potential—perfect for living off dividends in retirement. Both are fully covering their dividends with cash flow and trade at attractive valuations—grab them while they're cheap. We also look at the risks facing each of them.
Neutral
Seeking Alpha
1 month ago
Morgan Stanley Direct Lending Fund (MSDL) Q1 2025 Earnings Call Transcript
Morgan Stanley Direct Lending Fund (NYSE:MSDL ) Q1 2025 Earnings Conference Call May 9, 2025 10:00 AM ET Company Participants Sanna Johnson – Head-Investor Relations Jeff Levin – Chief Executive Officer Michael Occi – President David Pessah – Chief Financial Officer Conference Call Participants Melissa Wedel – J.P. Morgan Heli Sheth – Raymond James Marissa Lobo – UBS Operator Welcome to Morgan Stanley Direct Lending First Quarter 2025 Earnings Call.
Negative
Zacks Investment Research
1 month ago
Morgan Stanley Direct Lending Fund (MSDL) Q1 Earnings and Revenues Lag Estimates
Morgan Stanley Direct Lending Fund (MSDL) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.63 per share a year ago.
Neutral
Business Wire
1 month ago
Morgan Stanley Direct Lending Fund Announces March 31, 2025 Financial Results and Declares Second Quarter 2025 Regular Dividend of $0.50 per Share
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Direct Lending Fund (NYSE: MSDL) (“MSDL” or the “Company”), a business development company externally managed by MS Capital Partners Adviser Inc. (the “Adviser”), today announced its financial results for the first quarter ended March 31, 2025. QUARTERLY HIGHLIGHTS Net investment income of $46.2 million, or $0.52 per share, as compared to $50.7 million, or $0.57 per share, for the quarter ended December 31, 2024; Net asset value of $20.65 per share, as.
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