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 equity sponsors.

 

 

Diversified Industry Exposure

Software 15.7%
Insurance Services 14.3%
Commercial Services & Supplies 9.2%
IT Services 9.0%
Diversified Consumer Services 4.7%
Health Care Providers & Services 4.3%
Real Estate Management & Development 3.9%
Professional Services 3.7%
Automobile Components 3.2%
Automobiles 3.1%
Other (24 Industries) 28.9%

Asset Mix

First Lien Loans 95.3%
Second Lien Loans 2.9%
Other Debt Investments 0.2%
Equity 1.6%

Borrower Concentration

Integrity Marketing Acquisition, LLC 2.5%
GS AcquisitionCo, Inc. 2.1%
VRC Companies, LLC 2.1%
Turbo Buyer, Inc. 2.0%
World Insurance Assocciates, LLC 1.9%
Patriot Growth Insurance Services, LLC 1.8%
MRI Software, LLC 1.7%
Foundation Risk Partners Corp. 1.5%
High Street Buyer, Inc. 1.4%
AMCP Pet Holdings, Inc. (Brightpet) 1.4%
Other (182 borrowers) 81.6%
 

1 Measured as percent of total fair value of debt investments as of June 30, 2024.

 
 

Past performance is not indicative of future results. All information provided herein is as of June 30, 2024 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.

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