Quick Answer
Morgan Stanley Direct Lending Fund reported Long-Term Debt of $2.09 billion for fiscal year 2025.
Morgan Stanley Direct Lending Fund Long-Term Debt — Annual History
| Fiscal Year | Long-Term Debt | YoY Change |
|---|---|---|
| 2025 | $2.09B | +5.7% |
| 2024 | $1.97B | +31.9% |
| 2023 | $1.50B | -1.8% |
| 2022 | $1.52B | — |
Quarterly Long-Term Debt
| Quarter Ending | Long-Term Debt | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $2.07B | +12.5% | +1.1% |
| June 30, 2025 | $2.05B | +23.2% | +2.1% |
| March 31, 2025 | $2.01B | +35.1% | +1.8% |
| December 31, 2024 | $1.97B | +31.9% | +7.2% |
| September 30, 2024 | $1.84B | +7.2% | +10.6% |
| June 30, 2024 | $1.66B | +7.1% | +12.0% |
| March 31, 2024 | $1.49B | -6.2% | -0.6% |
| December 31, 2023 | $1.50B | -1.8% | -12.9% |
- Morgan Stanley Direct Lending Fund showed an increase of +5.7% in Long-Term Debt compared to the prior fiscal year.
- Over the 2022–2025 period, Morgan Stanley Direct Lending Fund’s long-term debt has grown by 37.0% (from $1.52 billion to $2.09 billion).
- The most recent figure is from Morgan Stanley Direct Lending Fund’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 26, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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