Risk factors
Morgan Stanley Direct Lending Fund (MSDL) risk factors
Item 1A of every Morgan Stanley Direct Lending Fund 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors106 risks13 new7 dropped19 reworded
New risks emphasize derivatives, AI misuse, information barriers and regulatory constraints on investing and financing.
Filed Feb 26, 2026 - FY2024 10-K risk factors100 risks
Morgan Stanley Direct Lending Fund relies heavily on its external adviser, private equity sponsors, and credit facilities for growth.
Filed Feb 27, 2025