Morgan Stanley
Morgan Stanley private credit holdings
As filed by Morgan Stanley vehicles on EDGAR.
As of 2026-06-30 · compiled 2026-09-09
6
Filing vehicles
$13.7bn
Fair value
11.1%
PIK share of debt
$156.4m
Non-accrual FV
295
Overlapped credits
Filing vehicles
| Vehicle | Ticker | Fair value | Vs street | As of | Filing |
|---|---|---|---|---|---|
| North Haven Private Income Fund LLC | $6.0bn | −$4.2m | 2026-06-30 | EDGAR | |
| Morgan Stanley Direct Lending Fund | MSDL | $3.6bn | −$4.1m | 2026-06-30 | EDGAR |
| T Series BDC LLC | $2.3bn | +$40k | 2026-06-30 | EDGAR | |
| SL Investment Fund II LLC | $730.1m | −$570k | 2026-06-30 | EDGAR | |
| North Haven Private Income Fund A LLC | $598.9m | −$240k | 2026-06-30 | EDGAR | |
| LGAM Private Credit LLC | $528.0m | −$190k | 2026-06-30 | EDGAR |
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.
What the book is exposed to
| Sector | Fair value | Share |
|---|---|---|
| Software | $2.9bn | 29.0% |
| Insurance Services | $1.3bn | 13.2% |
| Commercial Services & Supplies | $1.1bn | 11.4% |
| IT Services | $942.7m | 9.4% |
| Health Care Providers & Services | $936.5m | 9.4% |
| Professional Services | $731.2m | 7.3% |
| Diversified Consumer Services | $701.6m | 7.0% |
| Financial Services | $475.5m | 4.7% |
| Real Estate Management & Development | $334.4m | 3.3% |
| Electronic Equipment, Instruments & Components | $275.7m | 2.8% |
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 | 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¢ | 99.7¢ | -0.2 pt | |
| Anaplan, Inc. | first lien term loan | $79.2m | 99.5¢ | 98.2¢ | +1.2 pt | |
| Aptean, Inc. | first lien term loan | $75.1m | 98.1¢ | 98.1¢ | +0.0 pt | |
| Diligent Corporation | first lien term loan | $71.8m | 98.0¢ | 97.8¢ | +0.3 pt | |
| Hyland Software, Inc. | first lien term loan | $69.3m | 99.9¢ | 99.9¢ | 0.0 pt | |
| Pareto Health Intermediate Holdings, Inc. | first lien term loan | $68.9m | 99.0¢ | 99.0¢ | 0.0 pt | |
| MRI Software, LLC | first lien term loan | $67.5m | 99.8¢ | 98.3¢ | +1.5 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¢ | 99.5¢ | -0.7 pt | |
| Cyara AcquisitionCo, LLC | first lien term loan | $61.8m | 98.0¢ | 98.0¢ | 0.0 pt | |
| GS AcquisitionCo, Inc. | first lien term loan | $57.8m | 93.8¢ | 93.8¢ | 0.0 pt |
This is the filing window into that manager's private credit, not the whole platform.
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