MSDL
Morgan Stanley private credit holdings
MSDL schedule of investments, latest period.
As of 2026-06-30 · compiled 2026-09-09
Manager: Morgan Stanley
$3.6bn
Fair value
446
Positions
−$4.1m
Overlapping book
14.9%
PIK share of debt
$62.6m
Non-accrual FV
216
Overlapped credits
Street is the leave-one-out median of other holders' FV/principal on the matched funded facility. Not a NAV restatement. Do not add overlapping-book dollars across funds. Overlapping book is −$4.1m (-11.5 bps of book).
What the book is exposed to
| Sector | Fair value | Share |
|---|---|---|
| Software | $756.4m | 21.4% |
| Insurance Services | $342.3m | 9.7% |
| IT Services | $339.0m | 9.6% |
| Commercial Services & Supplies | $267.1m | 7.5% |
| Health Care Providers & Services | $204.7m | 5.8% |
| Diversified Consumer Services | $178.4m | 5.0% |
| Professional Services | $174.8m | 4.9% |
| Real Estate Management & Development | $139.6m | 3.9% |
| Automobile Components | $116.6m | 3.3% |
| Financial Services | $110.2m | 3.1% |
Largest named credits
As-filed ¢ is the printed SOI line for that facility (FV/principal on co-held funded debt). Street is the other holders' median. A book blend is not a mark.
| Credit | Facility | Fair value | As-filed ¢ | Street ¢ | Δ |
|---|---|---|---|---|---|
| Capstone Lending, LLC | common equity | $102.5m | 98.1¢ | - | - |
| VRC Companies, LLC | first lien term loan | $66.2m | 99.9¢ | 99.9¢ | +0.0 pt |
| GS AcquisitionCo, Inc. | first lien term loan | $55.5m | 93.8¢ | 93.8¢ | 0.0 pt |
| World Insurance Associates, LLC | first lien term loan | $50.8m | 99.5¢ | 99.7¢ | -0.2 pt |
| Patriot Growth Insurance Services, LLC | first lien term loan | $47.3m | 97.6¢ | 97.6¢ | -0.1 pt |
| Sonny's Enterprises, LLC | first lien term loan | $43.7m | 97.4¢ | 97.5¢ | -0.1 pt |
| MRI Software, LLC | first lien term loan | $43.4m | 99.8¢ | 98.3¢ | +1.5 pt |
| PT Intermediate Holdings III, LLC | first lien term loan | $43.0m | 100.0¢ | 100.0¢ | 0.0 pt |
| Foundation Risk Partners Corp. | first lien term loan | $41.5m | 100.0¢ | 100.0¢ | 0.0 pt |
| User Zoom Technologies, Inc. | first lien term loan | $40.0m | 95.2¢ | 94.8¢ | +0.5 pt |
| Recovery Point Systems, Inc. | first lien term loan | $39.6m | 100.0¢ | 100.0¢ | 0.0 pt |
| CLEO Communications Holding, LLC | first lien term loan | $38.3m | 100.0¢ | 100.0¢ | 0.0 pt |
| Catalis Intermediate, Inc. | first lien term loan | $38.1m | 99.5¢ | 95.5¢ | +4.0 pt |
| Syntax Systems, Ltd. | first lien term loan | $36.7m | 99.8¢ | 99.3¢ | +0.5 pt |
| Hyland Software, Inc. | first lien term loan | $35.8m | 99.9¢ | 99.9¢ | 0.0 pt |
This is the filing window into that manager's private credit, not the whole platform.
Agents start with a key. Desks request a seat. Get a key · Request a seat.