Morgan Stanley Direct Lending FundMSDL
MSDL
About: Morgan Stanley Direct Lending Fund is a fund whose investment objective is to achieve attractive risk-adjusted returns via current income and to a lesser extent, capital appreciation by investing predominantly in directly originated senior secured term loans issued by U.S. middle-market companies backed by private equity sponsors. It invests predominantly in directly originated senior secured term loans including first lien senior secured term loans including unitranche loans and second lien senior secured term loans, with the balance of the investments expected to be in higher-yielding assets such as mezzanine debt, unsecured debt, equity investments and other opportunistic asset purchases.
0
Funds holding %
of 7,398 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
775% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 4
457% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 7
56% more funds holding
Funds holding: 52 [Q3] → 81 (+29) [Q4]
29% more capital invested
Capital invested by funds: $334M [Q3] → $430M (+$95.5M) [Q4]
4.45% more ownership
Funds ownership: 18.93% [Q3] → 23.38% (+4.45%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
86% less call options, than puts
Call options by funds: $343K | Put options by funds: $2.37M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$20
7%
upside
Avg. target
$21
12%
upside
High target
$22
17%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
RBC Capital Kenneth Lee 47% 1-year accuracy 26 / 55 met price target | 17%upside $22 | Outperform Reiterated | 4 Mar 2025 |
Wells Fargo Finian O'Shea 0% 1-year accuracy 0 / 7 met price target | 7%upside $20 | Equal-Weight Maintained | 3 Mar 2025 |
Financial journalist opinion
Based on 14 articles about MSDL published over the past 30 days
Negative
Seeking Alpha
2 days ago
Billionaire Investor Warns Of 'Significant Correction' And Buys High Yield: Our Picks
A leading hedge fund billionaire is increasingly bearish on the stock market—find out what he's buying instead. We discuss the overlooked strategy that smart money is betting on to crush stagflation risks. We share some of our top picks.
Positive
Seeking Alpha
4 days ago
Retirement Income: I'm Seeking Treasure In These 7-9% Yields
Income investing can be like treasure hunting in many ways. I detail 2 great income picks that offer high yields that are well-covered by cashflow. Both carry investment grade credit ratings and offer immediate diversification across strong asset classes.
Positive
Seeking Alpha
1 week ago
My BDC Portfolio And The Strategy For Alpha Going Forward
This is my first BDC portfolio monthly performance review article. The good news is that the portfolio has done its job, outperforming the two BDC benchmarks - PBDC and BIZD. Yet, on an absolute basis, the portfolio is slightly down.
Neutral
Seeking Alpha
1 week ago
Risk-Off Mode In The BDC Market: 1 Overrated And 1 Underrated Pick
BDCs are meant to provide high-dividends, while preserving NAV. However, given the signs both in the stock market and in the real economy on the ground, BDC investors have to be extra careful. Currently, BDCs face several headwinds, which increase the risk of dividend cuts and price declines, especially within the more speculative and high-multiple segments.
Positive
Seeking Alpha
2 weeks ago
How I'd Invest $100,000 Right Now For Stagflation (Up To 10% Yields)
Worried about stagflation? These dividend machines could protect your portfolio and pay you up to 10% yields. Stocks you'll want to own before inflation bites again. These picks crush SCHD and VYM in yield—and might just help you sleep better through market chaos.
Positive
Seeking Alpha
2 weeks ago
Morgan Stanley Direct Lending: Fundamentally Sound, But Still A Hold For Now
I continue to rate Morgan Stanley Direct Lending Fund a hold due to their short track record, economic uncertainty, and lack of catalysts for the sector. MSDL's latest earnings showed a decline in net investment income and lower overall portfolio yield, but credit quality and defensive positioning remain strong. MSDL's dividend safety is slightly pressured by declining earnings, but spillover income and a share repurchase program provide a cushion for the short term.
Positive
Seeking Alpha
3 weeks ago
Morgan Stanley Direct Lending Fund: Attractive Entry Point For This High-Performing BDC
MSDL retains its impressive portfolio quality with low non-accruals and net realized losses. MSDL trades at a 9.9% dividend yield, with a well-diversified portfolio and stable NAV. Management expects increased LBO volumes and new lending opportunities, which should support fee levels and present new lending opportunities.
Negative
Seeking Alpha
3 weeks ago
The Moment Of Truth For BDC Dividend Investors Is Close
As a structural BDC bull I have to admit that the period of BDCs consistently surprising us on the upside has come to an end. Many lower quality BDCs have already cut their dividends to sync their cash flows with less favorable private credit lending environment. I would say that the moment of truth for high quality BDCs is also very close, where we will see how really durable their base dividends are.
Positive
Seeking Alpha
4 weeks ago
A $5,000 Monthly Income Portfolio For A 'SWAN' Retirement
In this article, I share a three-category portfolio approach to achieve $5,000 of durable monthly current income streams. With durable monthly distributions, I mean well-mitigated dividend cut risk and inflation-protected income. I also provide concrete investment ideas that tick the necessary boxes for being included in the portfolio.
Positive
Seeking Alpha
4 weeks ago
Buy These Smart 7-10% Yields For Retirement Income
Investing $1 million in the S&P 500 yields $12,100 annually. This may necessitate principal withdrawals for higher living expenses, which is risky in volatile markets like the current one. Morgan Stanley Direct Lending offers a 10% dividend yield, focusing on non-cyclical industries with a well-diversified, primarily first-lien loan portfolio and low leverage. Broadstone Net Lease provides a 6.9% yield with a diversified property portfolio, long lease terms, stable AFFO growth, and a strong balance sheet.
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