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Posted by
Two Blokes Apr 20 -
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Stock
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Morgan Stanley Direct Lending Fund is a defensive BDC focusing on U.S.-based middle-market businesses with stable cash flows, low CAPEX, and diversified structures, mitigating operating risks. The portfolio's non-cyclical exposure and 96.5% first-lien debt investments ensure stability and priority in repayment, crucial during economic uncertainty. Despite trade war risks, MSDL's attractive valuation at ~0.92x Price-to-Book Value and solid income potential with a 10.5% regular DPS yield make it a compelling buy.
