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US · MSDL

Morgan Stanley Direct Lending Fund

Programmatic access: InvestorsCraft Valuation API · catalog

Sector
Financial Services · Financial - Conglomerates
Headquarters
New York City, NY 10036
Website
msdl.com

Price · as of 2026-09-04

$15.25

Market cap 1.31B

Price history

Weekly OHLC price history for MSDL, USD per share
WeekOpenHighLowCloseVolume
Jan 22, 2024 – Jan 26, 2024$15.53$15.69$15.38$15.520
Jan 29, 2024 – Feb 2, 2024$15.70$15.71$15.31$15.540
Feb 5, 2024 – Feb 9, 2024$15.65$15.69$15.34$15.610
Feb 12, 2024 – Feb 16, 2024$15.78$15.81$15.47$15.520
Feb 19, 2024 – Feb 23, 2024$15.52$15.64$15.31$15.330
Feb 26, 2024 – Mar 1, 2024$15.46$15.49$14.46$15.020
Mar 4, 2024 – Mar 8, 2024$15.21$15.55$15.03$15.180
Mar 11, 2024 – Mar 15, 2024$15.56$16.79$15.22$16.790
Mar 18, 2024 – Mar 22, 2024$16.24$17.43$15.89$17.020
Mar 25, 2024 – Mar 28, 2024$16.88$17.51$16.50$16.730
Apr 1, 2024 – Apr 5, 2024$16.77$17.02$16.33$16.430
Apr 8, 2024 – Apr 12, 2024$16.58$17.24$16.07$16.370
Apr 15, 2024 – Apr 19, 2024$16.51$16.75$16.05$16.480
Apr 22, 2024 – Apr 26, 2024$16.36$17.08$16.26$16.670
Apr 29, 2024 – May 3, 2024$16.72$17.36$16.46$16.840
May 6, 2024 – May 10, 2024$17.08$18.11$16.98$17.280
May 13, 2024 – May 17, 2024$17.27$18.20$16.94$17.890
May 20, 2024 – May 24, 2024$17.90$17.96$16.94$16.990
May 27, 2024 – May 31, 2024$17.12$18.03$16.99$17.970
Jun 3, 2024 – Jun 7, 2024$18.01$18.19$17.66$18.080
Jun 10, 2024 – Jun 14, 2024$18.16$18.16$17.52$17.670
Jun 17, 2024 – Jun 21, 2024$17.66$18.77$17.21$18.730
Jun 24, 2024 – Jun 28, 2024$18.45$18.59$17.25$17.330
Jul 1, 2024 – Jul 5, 2024$17.42$18.36$17.23$18.300
Jul 8, 2024 – Jul 12, 2024$18.24$18.78$18.12$18.610
Jul 15, 2024 – Jul 19, 2024$18.72$18.74$17.74$17.840
Jul 22, 2024 – Jul 26, 2024$17.75$17.81$15.29$15.700
Jul 29, 2024 – Aug 2, 2024$15.74$16.90$15.63$15.980
Aug 5, 2024 – Aug 9, 2024$15.75$16.21$15.37$15.780
Aug 12, 2024 – Aug 16, 2024$15.66$16.21$15.42$16.030
Aug 19, 2024 – Aug 23, 2024$16.34$16.56$15.94$16.500
Aug 26, 2024 – Aug 30, 2024$16.50$16.69$16.11$16.470
Sep 2, 2024 – Sep 6, 2024$16.35$16.43$15.89$15.980
Sep 9, 2024 – Sep 13, 2024$16.00$16.14$15.70$16.030
Sep 16, 2024 – Sep 20, 2024$15.89$16.15$15.86$16.070
Sep 23, 2024 – Sep 27, 2024$15.95$16.12$15.81$15.960
Sep 30, 2024 – Oct 4, 2024$16.31$16.52$16.10$16.500
Oct 7, 2024 – Oct 11, 2024$16.51$16.52$16.15$16.430
Oct 14, 2024 – Oct 18, 2024$16.42$16.59$16.30$16.370
Oct 21, 2024 – Oct 25, 2024$16.37$16.47$15.93$16.200
Oct 28, 2024 – Nov 1, 2024$16.27$16.67$16.19$16.370
Nov 4, 2024 – Nov 8, 2024$16.55$16.68$16.04$16.630
Nov 11, 2024 – Nov 15, 2024$16.68$16.85$16.33$16.710
Nov 18, 2024 – Nov 22, 2024$16.74$16.99$16.58$16.790
Nov 25, 2024 – Nov 29, 2024$16.86$17.61$16.86$17.540
Dec 2, 2024 – Dec 6, 2024$17.61$17.85$17.22$17.370
Dec 9, 2024 – Dec 13, 2024$17.42$17.73$17.16$17.410
Dec 16, 2024 – Dec 20, 2024$17.44$17.77$16.94$17.130
Dec 23, 2024 – Dec 27, 2024$17.26$17.55$16.94$17.550
Dec 30, 2024 – Jan 3, 2025$17.51$17.82$17.34$17.530
Jan 6, 2025 – Jan 10, 2025$17.48$17.61$17.03$17.270
Jan 13, 2025 – Jan 17, 2025$17.27$18.17$17.17$18.040
Jan 20, 2025 – Jan 24, 2025$18.10$18.26$17.37$17.500
Jan 27, 2025 – Jan 31, 2025$17.42$18.31$17.30$17.690
Feb 3, 2025 – Feb 7, 2025$17.51$17.77$17.32$17.390
Feb 10, 2025 – Feb 14, 2025$17.35$17.59$17.16$17.590
Feb 17, 2025 – Feb 21, 2025$17.59$17.68$17.31$17.430
Feb 24, 2025 – Feb 28, 2025$17.44$17.68$16.95$17.040
Mar 3, 2025 – Mar 7, 2025$17.21$17.32$16.79$17.040
Mar 10, 2025 – Mar 14, 2025$16.97$17.11$16.73$16.950
Mar 17, 2025 – Mar 21, 2025$17.02$17.51$17.02$17.450
Mar 24, 2025 – Mar 28, 2025$17.45$17.59$17.25$17.400
Mar 31, 2025 – Apr 4, 2025$17.31$17.64$16.07$16.180
Apr 7, 2025 – Apr 11, 2025$15.75$16.38$15.18$15.960
Apr 14, 2025 – Apr 17, 2025$16.25$16.76$16.21$16.670
Apr 21, 2025 – Apr 25, 2025$16.57$17.23$16.31$16.670
Apr 28, 2025 – May 2, 2025$16.72$16.96$16.54$16.740
May 5, 2025 – May 9, 2025$16.74$16.82$15.98$16.050
May 12, 2025 – May 16, 2025$16.39$17.24$16.39$17.120
May 19, 2025 – May 23, 2025$16.99$17.25$16.54$16.800
May 26, 2025 – May 30, 2025$16.82$17.20$16.79$17.040
Jun 2, 2025 – Jun 6, 2025$16.99$17.02$16.66$16.790
Jun 9, 2025 – Jun 13, 2025$16.83$17.02$16.64$16.780
Jun 16, 2025 – Jun 20, 2025$16.86$16.86$16.50$16.680
Jun 23, 2025 – Jun 27, 2025$16.65$16.76$16.27$16.580
Jun 30, 2025 – Jul 3, 2025$16.61$17.01$16.51$16.970
Jul 7, 2025 – Jul 11, 2025$16.95$17.11$16.68$17.050
Jul 14, 2025 – Jul 18, 2025$17.05$17.53$16.98$17.440
Jul 21, 2025 – Jul 25, 2025$17.55$17.65$17.05$17.090
Jul 28, 2025 – Aug 1, 2025$17.16$17.21$16.30$16.430
Aug 4, 2025 – Aug 8, 2025$16.37$16.49$15.64$15.830
Aug 11, 2025 – Aug 15, 2025$15.85$15.94$15.38$15.720
Aug 18, 2025 – Aug 22, 2025$15.73$15.87$15.55$15.820
Aug 25, 2025 – Aug 29, 2025$15.76$16.08$15.48$16.050
Sep 1, 2025 – Sep 5, 2025$16.04$16.09$15.79$15.910
Sep 8, 2025 – Sep 12, 2025$15.94$15.97$15.62$15.740
Sep 15, 2025 – Sep 19, 2025$15.81$15.81$15.34$15.510
Sep 22, 2025 – Sep 26, 2025$15.51$15.51$14.87$14.950
Sep 29, 2025 – Oct 3, 2025$15.03$15.05$14.33$14.880
Oct 6, 2025 – Oct 10, 2025$15.07$15.32$14.61$14.720
Oct 13, 2025 – Oct 17, 2025$14.90$15.69$14.83$15.350
Oct 20, 2025 – Oct 24, 2025$15.38$15.80$15.26$15.660
Oct 27, 2025 – Oct 31, 2025$15.69$16.01$15.22$15.470
Nov 3, 2025 – Nov 7, 2025$15.43$15.60$14.68$15.030
Nov 10, 2025 – Nov 14, 2025$15.11$15.38$14.92$15.240
Nov 17, 2025 – Nov 21, 2025$15.25$15.40$14.94$15.290
Nov 24, 2025 – Nov 28, 2025$15.28$15.78$15.28$15.780
Dec 1, 2025 – Dec 5, 2025$15.71$16.15$15.53$16.010
Dec 8, 2025 – Dec 12, 2025$15.99$16.35$15.75$15.830
Dec 15, 2025 – Dec 19, 2025$15.82$15.88$15.39$15.450
Dec 22, 2025 – Dec 26, 2025$15.49$15.56$15.19$15.490
Dec 29, 2025 – Jan 2, 2026$15.47$15.61$15.28$15.480
Jan 5, 2026 – Jan 9, 2026$15.53$15.92$15.06$15.630
Jan 12, 2026 – Jan 16, 2026$15.52$15.98$15.26$15.560
Jan 19, 2026 – Jan 23, 2026$15.39$15.72$15.28$15.350
Jan 26, 2026 – Jan 30, 2026$15.35$15.56$15.05$15.240
Feb 2, 2026 – Feb 6, 2026$15.22$15.23$13.93$14.280
Feb 9, 2026 – Feb 13, 2026$14.26$15.20$14.20$14.850
Feb 16, 2026 – Feb 20, 2026$14.86$14.92$14.38$14.670
Feb 23, 2026 – Feb 27, 2026$14.57$14.77$13.77$13.920
Mar 2, 2026 – Mar 6, 2026$13.73$14.22$13.40$13.880
Mar 9, 2026 – Mar 13, 2026$13.76$13.98$13.58$13.740
Mar 16, 2026 – Mar 20, 2026$13.81$13.95$13.47$13.540
Mar 23, 2026 – Mar 27, 2026$13.73$13.97$13.17$13.180
Mar 30, 2026 – Apr 2, 2026$13.21$13.74$13.13$13.720
Apr 6, 2026 – Apr 10, 2026$13.73$14.23$13.61$13.940
Apr 13, 2026 – Apr 17, 2026$13.85$15.15$13.85$14.920
Apr 20, 2026 – Apr 24, 2026$14.81$15.16$14.48$14.600
Apr 27, 2026 – May 1, 2026$14.57$15.34$14.55$15.300
May 4, 2026 – May 8, 2026$15.28$15.40$14.79$15.030
May 11, 2026 – May 15, 2026$14.96$15.08$14.59$14.800
May 18, 2026 – May 22, 2026$14.87$14.96$14.30$14.660
May 25, 2026 – May 29, 2026$14.76$15.14$14.71$14.980
Jun 1, 2026 – Jun 5, 2026$15.56$15.70$15.07$15.150
Jun 8, 2026 – Jun 12, 2026$14.82$15.13$14.62$15.100
Jun 15, 2026 – Jun 18, 2026$15.24$15.42$14.71$14.930
Jun 22, 2026 – Jun 26, 2026$14.93$15.15$14.38$14.980
Jun 29, 2026 – Jul 2, 2026$15.06$15.56$15.06$15.400
Jul 6, 2026 – Jul 10, 2026$15.40$15.70$15.10$15.570
Jul 13, 2026 – Jul 17, 2026$15.49$15.83$15.35$15.460
Jul 20, 2026 – Jul 24, 2026$15.50$15.53$15.02$15.170
Jul 27, 2026 – Jul 31, 2026$15.25$15.55$14.53$14.610
Aug 3, 2026 – Aug 7, 2026$14.62$15.64$14.62$15.430
Aug 10, 2026 – Aug 14, 2026$15.32$15.68$15.01$15.460
Aug 17, 2026 – Aug 21, 2026$15.36$15.52$15.23$15.360
Aug 24, 2026 – Aug 28, 2026$15.35$15.45$15.18$15.180
Aug 31, 2026 – Sep 4, 2026$15.15$15.46$15.11$15.250

Valuation

MetricValueUpside
IC Value$5.50-64%
P/E9.82
P/B0.69
P/S3.10
EV/EBITDA12.41
PEG
P/TBV0.69

Valuation history

Annual price overlaid with each model's fair value. Y-axis is log scale.

Annual price and model valuations for MSDL, USD per share
YearPriceAIICGraham-DoddGraham Formula
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023$15.18$51.47
2024$17.03$48.37
2025$13.74$46.54

Historic valuation ratios

Pick a category, then toggle metrics to compare.

USD millions

Line items

    USD millions

    Line items

      USD millions

      Line items

        About Morgan Stanley Direct Lending Fund

        Morgan Stanley Direct Lending Fund functions as a business development company (BDC) specializing in finance, primarily providing capital to mid-sized enterprises. Its investment strategy focuses on directly originating and funding senior secured term loans, encompassing both first-lien and second-lien security interests. This entity commenced operations on May 30, 2019, and maintains its principal headquarters in New York City.

        CEO
        Michael Occi Jr.
        Employees
        0
        Beta
        0.61

        Peer comparison

        Same-industry comparables, ranked by market cap.

        Scroll horizontally for additional metrics. Ticker column stays fixed.

        Peer comparison for MSDL: basic info, valuation models, ratios, profitability, leverage, growth, cash flow, dividends, enterprise value, and Altman Z-score.
        Basic InfoIC ValuationCore ValuationProfitabilityLeverage & LiquidityGrowthCash FlowDividendsEnterprise ValueRisk
        TickerCompany NamePriceMarket CapValueUpsideP/EP/BP/SEV/EBITDAPEGP/TBVGross MarginOperating MarginNet MarginROEROICROADebt/EquityInterest CoverageCurrent RatioQuick RatioNet Debt/EBITDAEPS GrowthSales GrowthFCF GrowthFCF YieldOp Cash Flow RatioCash ROICDividend YieldDividend PayoutShareholder YieldEV/EBITEV/FCFEV/SalesAltman Z-Score
        MSDLMorgan Stanley Direct Len…$15.431.31B$46.54+202%9.820.693.1012.410.6981.03%66.69%31.55%6.80%6.88%3.12%1.191.901.331.337.77-42.39%16.38%-25.10%12.59%1.864.02%15.35%150.70%18.86%12.4121.238.280.65
        FINVFinVolution Group$4.861.21B$12.93+166%3.290.510.630.1599.140.5278.63%21.84%18.74%16.03%28.86%10.38%0.0873.6973.69-1.573.31%1.03%-38.08%21.21%10.9521.64%6.10%20.00%18.12%0.160.270.042.73
        FRMEFirst Merchants Corporati…$42.592.67B$57.99+36%9.220.841.985.5266.891.2060.96%24.67%21.52%9.47%12.33%1.21%0.410.670.200.203.1713.78%-0.32%6.55%13.61%0.0415.48%4.07%37.50%6.32%6.145.611.52-0.12
        GAMGeneral American Investor…$67.131.61B$100.84+50%2.780.545.772.793.120.5491.53%207.37%207.37%20.58%20.56%20.36%0.001.269.060.0089.27%-34.88%0.00%0.000.00%0.00%0.00%0.10%2.795.7834.63
        MBINMerchants Bancorp$54.252.49B$45.00-17%8.720.841.4018.220.8441.29%19.32%16.02%9.67%3.89%1.14%1.680.393.173.1714.32-40.00%-5.65%-80.05%-8.93%-0.04-3.03%3.12%27.20%4.83%18.46-28.593.570.79
        OXLCOxford Lane Capital Corp.$9.20897.92M$84.14+815%-1.540.872.30-2.970.8768.25%-135.44%-149.35%-39.16%-27.53%-25.05%0.75-9.74-1.27-1230.19%309.08%-198.92%77.30%36.12%50.08%-77.10%52.36%-2.972.264.02-1.27
        QFINQfin Holdings, Inc.$13.241.72B$183.15+1,283%1.960.490.631.101.880.5181.51%33.86%31.04%24.74%26.88%11.37%0.160.470.34-0.12104.25%8.83%17.99%92.48%0.4456.87%11.75%23.10%53.10%1.260.740.431.23
        SRCE1st Source Corporation$88.012.12B$84.42-4%10.331.282.731.8050.351.3770.32%34.18%26.38%13.27%72.43%1.76%0.271.2312.6212.621.2720.52%5.20%17.24%13.03%1.7797.16%2.35%24.30%3.20%1.871.800.640.62
        STBAS&T Bancorp, Inc.$50.871.79B$29.51-42%11.471.052.713.99433.151.4169.43%29.54%23.61%9.44%26.27%1.37%0.211.016.986.980.842.65%0.63%-24.37%8.37%0.8125.22%3.44%39.40%5.90%4.165.421.230.50
        TCBKTriCo Bancshares$57.271.84B$45.58-20%12.541.152.867.92181.351.5075.85%31.73%22.79%9.54%9.77%1.25%0.061.410.020.02-0.426.92%1.78%21.67%8.39%0.0210.09%2.95%37.00%14.77%8.5611.322.71-0.66

        Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($5.50 ÷ $15.25) − 1 = -63.93% (IC, example).