Morgan Stanley
Morgan Stanley private credit holdings
As filed by Morgan Stanley vehicles on EDGAR.
As of 2026-06-30 · compiled 2026-10-02
Filing vehicles
| Vehicle | Ticker | Fair value | Vs street | As of | Filing |
|---|---|---|---|---|---|
| North Haven Private Income Fund LLC | $5.6bn | −$8.2m | 2026-06-30 | EDGAR | |
| Morgan Stanley Direct Lending Fund | MSDL | $3.4bn | −$5.5m | 2026-06-30 | EDGAR |
| T Series BDC LLC | $2.1bn | −$4.9m | 2026-06-30 | EDGAR | |
| SL Investment Fund II LLC | $690.7m | −$1.7m | 2026-06-30 | EDGAR | |
| North Haven Private Income Fund A LLC | $566.6m | −$670k | 2026-06-30 | EDGAR | |
| LGAM Private Credit LLC | $528.0m | −$760k | 2026-06-30 | EDGAR |
Street is the leave-one-out median of other desks' FV/principal on the matched funded facility. One manager is one desk unless its own vehicles differ by 10 points. Not a NAV restatement. Do not add overlapping-book dollars across funds.
What the book is exposed to
| Sector | Fair value | Share |
|---|---|---|
| Software | $2.8bn | 29.3% |
| Insurance Services | $1.2bn | 12.6% |
| Commercial Services & Supplies | $1.1bn | 11.6% |
| IT Services | $927.2m | 9.8% |
| Health Care Providers & Services | $874.2m | 9.2% |
| Professional Services | $672.0m | 7.1% |
| Diversified Consumer Services | $659.1m | 7.0% |
| Financial Services | $447.9m | 4.7% |
| Real Estate Management & Development | $340.3m | 3.6% |
| Electronic Equipment, Instruments & Components | $265.0m | 2.8% |
Largest named credits
As-filed ¢ is the printed SOI line for that facility (FV/principal on co-held funded USD debt; USD ¢ when the filing prints FX par; funded ¢ when par includes undrawn). Street is the other desks' median. A book blend is not a mark.
| Credit | Facility | Vehicle | Fair value | As-filed ¢ | Street ¢ | Δ |
|---|---|---|---|---|---|---|
| Integrity Marketing Acquisition, LLC | first lien term loan | $110.6m | 100.0¢ | 100.0¢ | 0.0 pt | |
| North Haven Keystone, LLC | llc lp interest | $108.4m | 98.1¢ | - | - | |
| Capstone Lending, LLC | common equity | MSDL | $102.5m | 98.1¢ | - | - |
| World Insurance Associates, LLC | first lien term loan | $99.0m | 99.5¢ | 100.0¢ | -0.4 pt | |
| Anaplan, Inc. | first lien term loan | $79.2m | 99.5¢ | 98.5¢ | +1.0 pt | |
| Aptean, Inc. | first lien term loan | $75.1m | 98.1¢ | 99.0¢ | -0.8 pt | |
| Diligent Corporation | first lien term loan | $71.8m | 98.1¢ | 98.0¢ | +0.1 pt | |
| Hyland Software, Inc. | first lien term loan | $69.3m | 99.8¢ | 99.5¢ | +0.4 pt | |
| Pareto Health Intermediate Holdings, Inc. | first lien term loan | $68.9m | 98.9¢ | 98.7¢ | +0.3 pt | |
| MRI Software, LLC | first lien term loan | $67.5m | 99.7¢ | 98.2¢ | +1.6 pt | |
| VRC Companies, LLC | first lien term loan | MSDL | $66.2m | 99.9¢ | 99.9¢ | -0.0 pt |
| Granicus, Inc. | first lien term loan | $63.9m | 100.0¢ | 100.0¢ | 0.0 pt | |
| Atlas US Finco, Inc. | first lien term loan | $63.8m | 98.8¢ | 99.8¢ | -1.0 pt | |
| Cyara AcquisitionCo, LLC | first lien term loan | $61.8m | 98.0¢ | - | - | |
| GS AcquisitionCo, Inc. | first lien term loan | $57.8m | 93.9¢ | 93.9¢ | -0.0 pt |
This is the filing window into that manager's private credit, not the whole platform.
Live issuer tools start on Trial or Matched. Desks request a seat. Start trial · Get Matched · Request a seat.