Highest-materiality recent filing
MSDL Q1 NII $0.47/sh, NAV $19.81, launches JV, cuts dividend to $0.45
Net investment income $40.5M ($0.47/sh) vs $42.4M ($0.49/sh) prior quarter.
Net investment income $42.4M ($0.49/sh) vs $43.7M ($0.50) in Q3 2025; NAV $20.26/sh vs $20.41.
Morgan Stanley Direct Lending Fund Q3 2025: NII $0.50/sh, NAV $20.41, dividend $0.50
Net investment income $43.7M ($0.50/sh), flat vs prior quarter; NAV $20.41/sh, down from $20.59.
MSDL subsidiary closes $401.2M CLO with notes due 2037; sub tranches retained
Completed $401.2M term debt securitization via North Haven Private Credit CLO 1 LLC on Sept 17, 2025.
MSDL Q2 2025 NII $0.50/sh, NAV $20.59; declares $0.50 Q3 dividend
Net investment income $43.7M ($0.50/sh) vs $46.2M ($0.52/sh) in Q1 2025; NAV per share $20.59 vs $20.65.
MSDL subsidiary prices ~$401M CLO notes; retains $73.2M subordinated notes
Aggregate principal amount of notes: approximately $401.2 million.
Morgan Stanley Direct Lending Fund appoints new CEO and other executives after CEO resignation
CEO Jeffrey Levin resigns effective July 25, 2025; not due to any disagreement with the company.
MSDL issues $350M of 6.000% notes due 2030 to repay secured debt
Issued $350M principal of 6.000% notes due May 19, 2030; net proceeds $342.5M after underwriting discount and expenses.
MSDL Q1 NII $0.52/share, down from $0.57; NAV $20.65; declares $0.50 dividend
Net investment income $46.2M ($0.52/sh) vs $50.7M ($0.57/sh) in Q4 2024; total investment income $101.5M.
MSDL establishes $300M ATM equity program; shareholders OK share increase to 500M common shares
Entered equity distribution agreements for at-the-market sales of up to $300M in common stock; commissions up to 1.5%.
MSDL reports Q4 NII $0.57/shr, NAV $20.81; declares $0.50 dividend, extends credit facility
Net investment income $50.7M ($0.57/shr) vs $58.7M ($0.66/shr) in prior quarter; NAV per share $20.81 (vs $20.83).
Morgan Stanley Direct Lending Fund Appoints Michael Occi as President
Michael Occi, age 40, appointed President of Morgan Stanley Direct Lending Fund effective January 1, 2025.
Reinvestment period extended to Aug 21, 2027; final maturity to Aug 21, 2029.
MSDL reports Q2 2024 NII of $0.63/share, NAV rises to $20.83; declares $0.50 dividend
Net investment income $56.1M ($0.63/share); NAV per share $20.83, up from $20.67 at March 31, 2024.
MSDL reports Q1 NII of $0.63/share; declares $0.50 dividend for Q2
Net investment income of $54.7M ($0.63/share) vs $55.5M ($0.67/share) in Q4 2023.
MSDL ups revolving credit facility to $1.3B, extends maturity to 2029
Facility increased from $1.12B to $1.30B via Fourth Amendment dated April 19, 2024.
MSDL reports Q4 2023 NII of $0.67/share, NAV of $20.67; declares Q1 dividend $0.50 plus specials
Net investment income $55.5M, or $0.67/share; NAV per share $20.67, up from $20.57.
MSDL declares $0.50 regular and $0.10 special dividend; record Dec 28, payable Jan 25
Regular distribution of $0.50 per share declared by board on December 28, 2023.
Morgan Stanley Direct Lending Fund raises $220.5M via 10.7M share unregistered sale
Issued ~10.7M shares of common stock at ~$20.62 per share (implied) on October 4, 2023.
MSDL declares $0.50 regular and $0.10 supplemental dividends; amends credit facility
Regular dividend $0.50/share (annualized yield ~9.9%) and supplemental $0.10/share (~2.0%), payable Oct 25, 2023 to holders of record Sept 26, 2023.
On May 26, 2026, Jonathan Frohlinger notified the Board of Directors of Morgan Stanley Direct Lending Fund (the “Company”) of his resignation as the Company’s Principal Accounting Officer, effective as of May 26, 2026.
Orit Mizrachi, who has served as the Company’s interim Chief Financial Officer since October 2, 2023, relinquished such position effective upon Mr. Pessah’s appointment.
On December 11, 2023, the Board of Directors (the “Board”) of Morgan Stanley Direct Lending Fund (the “Company”) appointed David Pessah, age 38, as Chief Financial Officer of the Company effective immediately.
On October 2, 2023, the Board appointed Orit Mizrachi, the Company’s Chief Operating Officer, as interim Chief Financial Officer of the Company effective October 2, 2023.
On October 2, 2023, Venugopal Rathi notified the Board of Directors (the “Board”) of Morgan Stanley Direct Lending Fund (the “Company”) of his resignation as the Company’s Chief Financial Officer in order to pursue other professional opportunities.
On August 30, 2022, Grove Stafford notified the Board of Directors (the “Board”) of Morgan Stanley Direct Lending Fund (the “Company”) of his resignation as the Company’s Chief Compliance Officer, effective as of the close of business on September 30, 2022.
On August 30, 2022, the Board appointed Thomas P. Torrisi as interim Chief Compliance Officer of the Company effective October 1, 2022.
Max materiality 0.75 · Median 0.50 · Most common event debt