Morgan Stanley Direct Lending Fund
MSDL
82 hedge funds and large institutions have $432M invested in Morgan Stanley Direct Lending Fund in 2024 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 36 increasing their positions, 4 reducing their positions, and 7 closing their positions.
800% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 4
457% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 7
58% more funds holding
Funds holding: 52 → 82 (+30)
29% more capital invested
Capital invested by funds: $334M → $432M (+$97.8M)
4.58% more ownership
Funds ownership: 18.9% → 23.48% (+4.6%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
86% less call options, than puts
Call options by funds: $343K | Put options by funds: $2.37M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$33.4M |
| 2 |
Renaissance Technologies
New York
|
+$6.87M |
| 3 |
NW
Naviter Wealth
Little Rock,
Arkansas
|
+$3.31M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$3.28M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$3.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
C
Cliffwater
Marina Del Rey,
California
|
-$13.9M |
| 2 |
MIM
Monashee Investment Management
Boston,
Massachusetts
|
-$889K |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
-$437K |
| 4 |
LA
LM Advisors
San Diego,
California
|
-$365K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$271K |
MSDL Hedge Fund Activity: Q4 2024 in Review
82 of the 7,593 institutional investors tracked by Wall St. Rank reported a position in Morgan Stanley Direct Lending Fund (MSDL) for Q4 2024, worth a combined $432M — up 29% from $334M a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new MSDL positions and 7 closed out — a net gain of 32 holders — while 36 added to existing stakes and 4 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $33.4M. The largest seller was Cliffwater, cutting an estimated $13.9M.
- 82 institutional investors held Morgan Stanley Direct Lending Fund (MSDL) as of Q4 2024, up from 52 in Q3 2024.
- Funds reported $432M of Morgan Stanley Direct Lending Fund stock for Q4 2024, up 29% quarter-over-quarter.
- 39 funds opened new Morgan Stanley Direct Lending Fund positions in Q4 2024 and 7 closed out, a net change of +32 holders.
- The largest Morgan Stanley Direct Lending Fund buyer in Q4 2024 was Morgan Stanley, an estimated $33.4M added.
- The largest Morgan Stanley Direct Lending Fund seller in Q4 2024 was Cliffwater, an estimated $13.9M sold.
Based on aggregated 13F filings for Q4 2024.