Morgan Stanley Direct Lending Fund
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Cash from operations | $150.9M | -$382.5M | -$83.8M | -$429.8M | -$1.7B |
| Share repurchases | $42.0M | $18.1M | $0 | $0 | — |
| Total assets | $3.9B | $3.9B | $3.3B | $3.0B | — |
| Total liabilities | $2.2B | $2.1B | $1.6B | $1.6B | — |
| Total debt | $2.1B | $2.0B | $1.5B | $1.5B | — |
Shares outstanding 84.8M · Free float 88.2%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.