Morgan Stanley Direct Lending Fund
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 6, 2026
MSDL$14.00+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Assets and Liabilities
(In thousands, except share and per share amounts)
| As of | ||
|---|---|---|
| June 30, 2026 | December 31, 2025 | |
| (Unaudited) | (Audited) | |
| Assets | ||
| Non-controlled/non-affiliated investments, at fair value (amortized cost of $3,537,851 and $3,833,800) | $3,418,959 | $3,766,757 |
| Non-controlled/affiliated investments, at fair value (amortized cost of $34,256 and $5,239) | 32,784 | 4,789 |
| Controlled/affiliated investments, at fair value (amortized cost of $104,532 and $0) | 102,544 | — |
| Total investments, at fair value (cost of $3,676,639 and $3,839,039) | 3,554,287 | 3,771,546 |
| Cash and cash equivalents (restricted cash of $8,600 and $3,820) | 65,816 | 81,434 |
| Investments in unaffiliated money market fund (cost of $14,357 and $12,976) | 14,357 | 12,976 |
| Deferred financing costs | 18,914 | 16,874 |
| Interest and dividend receivable from non-controlled/non-affiliated investments | 23,670 | 26,332 |
| Interest receivable from non-controlled/affiliated investments | 146 | 89 |
| Dividend receivable from controlled/affiliated investments | 3,016 | — |
| Receivable for investments sold/repaid | 30,142 | 455 |
| Other assets | 391 | 10,390 |
| Total assets | $3,710,739 | $3,920,096 |
| Liabilities | ||
| Debt (net of unamortized debt issuance costs of $9,288 and $10,545) | $1,981,897 | $2,086,672 |
| Distributions payable | 38,103 | 43,222 |
| Management fees payable | 9,182 | 9,596 |
| Income based incentive fees payable | 6,518 | 7,281 |
| Interest payable | 18,776 | 20,945 |
| Payable for investment purchased | 11 | — |
| Payable to affiliates (Note 3) | 51 | 91 |
| Accrued expenses and other liabilities | 8,333 | 4,200 |
| Total liabilities | 2,062,871 | 2,172,007 |
| Commitments and contingencies (Note 7) | ||
| Net assets | ||
| Preferred stock, $0.001 par value (1,000,000 shares authorized; no shares issued and outstanding) | — | — |
| Common stock, par value $0.001 (500,000,000 shares authorized; 84,504,322 and 86,276,305 shares issued and outstanding) | 85 | 86 |
| Paid-in capital in excess of par value | 1,740,413 | 1,767,623 |
| Distributable earnings (loss) | (92,630) | (19,620) |
| Total net assets | $1,647,868 | $1,748,089 |
| Total liabilities and net assets | $3,710,739 | $3,920,096 |
| Net asset value per share | $19.50 | $20.26 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.