Morgan Stanley Direct Lending Fund Return on Equity (ROE) History
MSDL|5 years of SEC 10-K data (FY2021-FY2025)
7.0% in FY2025 with a 3-year CAGR of +3.5%.
Declined from 13.4% to 7.0% over the past 2 years.
Declined from 13.4% to 7.0% over the past 2 years.
Based on SEC 10-K filings.
- 3-Year Change
- +3.5pp
- 5-Year Change
- -
- 10-Year Change
- -
Return on Equity (ROE) Trend
Key Insights
- In FY2025, return on equity (roe) decreased 40.3% year-over-year.
- Peak return on equity (roe) was recorded in FY2023.
- Lowest return on equity (roe) in the period was in FY2022.
Annual Data
| Year | Return on Equity (ROE) | YoY Growth |
|---|---|---|
| FY2025 | 7.0% | -40.3% |
| FY2024 | 11.7% | -12.8% |
| FY2023 | 13.4% | +286.7% |
| FY2022 | 3.5% | -50.4% |
| FY2021 | 7.0% | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026