Morgan Stanley Direct Lending Fund | Holdings
 

MORGAN STANLEY DIRECT LENDING FUND

Holdings Composition1

We have created what we believe is a large, defensive portfolio of investments generally avoiding borrower and industry concentration. We are focused on originating floating rate, first lien loans to borrowers backed by private quity sponsors.

 

 

Diversified Industry Exposure

Insurance Services 14.9%
Software 14.2%
Commercial Services & Supplies 9.6%
IT Services 8.7%
Real Estate Management & Development 5.3%
Automobiles 4.7%
Health Care Providers & Services 4.6%
Automobile Components 3.8%
Professional Services 3.5%
Diversified Consumer Services 3.2%

Asset Mix

First Lien Loans 94.1%
Second Lien Loans 4.1%
Equity 1.8%

Borrower Concentration

Integrity Marketing Acquisition, LLC 2.8%
GS AcquisitionCo, Inc. 2.4%
Turbo Buyer, Inc. 2.3%
VRC Companies, LLC 2.3%
World Insurance Assocciates, LLC 2.0%
Patriot Growth Insurance Services, LLC 1.9%
MRI Software, LLC 1.8%
Summit Buyer, LLC 1.6%
High Street Buyer, Inc. 1.6%
Foundation Risk Partners Corp. 1.6%
Other (155 borrowers) 79.7%
 

1 Measured as percent of total fair value of debt investments as of December 31, 2023.

 
 

Past performance is not indicative of future results. All information provided herein is as of December 31, 2023 unless stated otherwise and is subject to change. The information presented above should be read in conjunction with the most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K. The information herein is qualified in its entirety by the information set forth therein.

The information contained herein may not be used, reproduced, referenced, quoted, linked by website, or distributed to others, in whole or in part, except as agreed in writing by the Company.

Please also refer to "Important Information" at the bottom of this page.