Financial Performance - Net investment income for Q2 2024 was 0.63 per share, consistent with Q1 2024[4] - Total investment income increased to 99.1 million in Q1 2024, driven by capital deployment and prepayment income[3] - Total investment income for the three months ended June 30, 2024, was 88,894,000 for the same period in 2023[13] - Net investment income after taxes for the six months ended June 30, 2024, was 92,017,000 for the same period in 2023, reflecting a growth of 20.4%[13] - Total investment income for the six months ended June 30, 2024, was 172,533,000 for the same period in 2023[13] Asset and Debt Management - Net asset value per share rose to 20.67 as of March 31, 2024[2] - Total debt outstanding increased to 1.492 billion as of March 31, 2024[7] - The debt-to-equity ratio was 0.90x as of June 30, 2024, compared to 0.81x as of March 31, 2024[2] Investment Activity - New investment commitments reached 232.1 million in Q1 2024[6] - The investment portfolio had a fair value of approximately 0.50 per share, payable on July 25, 2024[1] - Earnings per share (basic and diluted) for the three months ended June 30, 2024, was 0.79 in the prior year[13] - Net investment income per share (basic and diluted) for the three months ended June 30, 2024, was 0.67 in the same period of 2023[13] Expenses and Management Fees - Total expenses for the three months ended June 30, 2024, were 46,683,000 in the prior year[13] - Management fees for the three months ended June 30, 2024, were 7,446,000 in the same period of 2023[13] Realized Gains and Net Assets - Net realized gain on non-controlled/non-affiliated investments for the three months ended June 30, 2024, was 59,045,000, compared to $56,442,000 in the prior year[13] Credit Rating - Moody's affirmed MSDL's Baa3 (stable) rating in July 2024[9]
Morgan Stanley Direct Lending Fund(MSDL) - 2024 Q2 - Quarterly Results