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Morgan Stanley Direct Lending Fund

12.92 USD
+0.14
1.1%
At close Updated Oct 20, 4:00 PM EDT
Pre-market
After hours
12.91
-0.01
0.08%
1 day
1.1%
5 days
-0.92%
1 month
-11.81%
3 months
-15.72%
6 months
-16.43%
Year to date
-21.51%
1 year
-23.64%
5 years
-37.4%
10 years
-37.4%
 

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.

News

Positive
Neutral
Negative
Sentiment 3-Months
Positive 31.8%
Neutral 36.4%
Negative 31.8%
Positive
Seeking Alpha
5 hours ago
5 BDCs Priced For Loan Losses Worse Than 2008, Heading Into Q3
Five major BDCs—Blue Owl Technology Finance Corp., FS KKR Capital Corp, Morgan Stanley Direct Lending Fund, Blue Owl Capital Corporation, and Oaktree Specialty Lending Corporation—trade at steep discounts to NAV, implying extreme loan losses not reflected in credit performance. Current market prices require annualized loan losses far exceeding historical peaks, despite portfolios of senior secured, diversified loans and low non-accruals. Buybacks at deep discounts signal management confidence in loan valuations, with OTF and FSK notably active in repurchasing shares.
5 BDCs Priced For Loan Losses Worse Than 2008, Heading Into Q3
Neutral
Seeking Alpha
1 day ago
Navigating This Income Market Sell-Off
We take a look at this income market sell-off and review some of the key strategies investors can use to take the most advantage of it. Relying on static buy-under targets is ineffective and potentially dangerous during both systemic and idiosyncratic drawdowns. Effective risk management requires scenario analysis, diversification, and an 'All Weather' allocation approach rather than single-outcome bets.
Navigating This Income Market Sell-Off
Neutral
Seeking Alpha
6 days ago
Morgan Stanley Direct Lending: Discount Is Attractive, But Credit Has Not Stabilized; Hold
Morgan Stanley Direct Lending trades at a 32% discount to NAV, reflecting sector-wide pressures and a deteriorating credit book. I maintain a Hold rating: non-accruals have risen to 2.9% of cost, NII per share and NAV have declined, and dividend coverage is now just 1.00×. MSDL's liquidity is strong, leverage is moderate at 1.21×, and the Capstone JV offers incremental NII, but credit stability remains unproven.
Morgan Stanley Direct Lending: Discount Is Attractive, But Credit Has Not Stabilized; Hold
Neutral
Business Wire
15 days ago
Morgan Stanley Direct Lending Fund Announces Third Quarter 2026 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Direct Lending Fund (NYSE: MSDL) ("MSDL”), a business development company externally managed by MS Capital Partners Adviser Inc., today announced it will release its financial results for the third quarter ended September 30, 2026, on Thursday, November 5, 2026, after the market closes. MSDL will host a conference call at 10:00 am ET on Friday, November 6, 2026, to review its financial results and conduct a question-and-answer session. Conference Call I.
Morgan Stanley Direct Lending Fund Announces Third Quarter 2026 Earnings Release and Conference Call
Positive
Seeking Alpha
1 month ago
If I Could Only Buy 2 Investments While The Fed Hikes Rates
Rising interest rates could create serious pressure for consumers, corporations, housing, equity valuations, and the federal government's debt-servicing burden. However, there are some investments that are well-positioned for Fed rate hikes. I detail my two favorite places to invest that should be highly resilient in the current environment.
If I Could Only Buy 2 Investments While The Fed Hikes Rates
Neutral
Seeking Alpha
1 month ago
A $100,000 Retirement Dividend Snowball In A Rising-Rate World
Building a $100,000 dividend snowball is foundational for financial security and passive income. I detail how I would go about doing so in today's rising rate environment. I also share some specific picks and how to allocate capital on a percentage basis to build the snowball.
A $100,000 Retirement Dividend Snowball In A Rising-Rate World
Neutral
Seeking Alpha
1 month ago
Morgan Stanley Direct Lending: 0.75x P/NAV, 12% Yield Not Enough To Pull The Trigger
Morgan Stanley Direct Lending (MSDL) trades at a 0.75x P/NAV and yields more than 12%. But the BDC faces persistent portfolio and earnings headwinds. A recent joint venture failed to drive investment income growth, with Q2 net investment income declining to $0.45 and portfolio value shrinking. Rising non-accruals (2.9%), declining NAV, and tight dividend coverage signal deteriorating credit quality and heightened risk of another dividend cut.
Morgan Stanley Direct Lending: 0.75x P/NAV, 12% Yield Not Enough To Pull The Trigger
Positive
Seeking Alpha
1 month ago
2 Golden Buying Opportunities Before The Fed Hikes Rates
The Fed is likely going to hike rates this week. I take a look at two deeply undervalued opportunities that are likely to be beneficiaries of the rate hikes. I also discuss some of the risks involved.
2 Golden Buying Opportunities Before The Fed Hikes Rates
Positive
Seeking Alpha
1 month ago
The Best REIT And BDC To Own If Things Get Rougher From Here
The market is a precarious place to invest right now, given where valuations and risks sit. I discuss the REIT and BDC that are best positioned to weather a major downturn from a qualitative and quantitative standpoint. I also discuss the risks involved.
The Best REIT And BDC To Own If Things Get Rougher From Here
Negative
Barrons
1 month ago
Private Credit Stocks Are Rebounding, but Shared Loans Bring Growing Risk
The overlapping portion of Business Development Company funds has risen from about 10% of the average portfolio in 2010 to over 55% today.
Private Credit Stocks Are Rebounding, but Shared Loans Bring Growing Risk
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