Morgan Stanley Direct Lending Fund (MSDL) Form 3: Officer Disclosure

Rhea-AI Filing Summary

Krishnan Ashwin, listed at C/O Morgan Stanley in New York, filed an Initial Statement of Beneficial Ownership (Form 3) related to Morgan Stanley Direct Lending Fund (MSDL) for the event dated 07/24/2025. He is reported as an officer (Chief Investment Officer) and director. The filing states no securities are beneficially owned as of the reporting date. The form was signed by power of attorney by Orit Mizrachi on 08/12/2025.

Positive

• Full regulatory disclosure of reporting person's role and signatory details
• Statement of no beneficial ownership provides clarity for future insider-transaction tracking

Negative

• None.

Insights

Financial Analyst

TL;DR: Officer disclosure of zero beneficial ownership is routine and presents no immediate financial impact.

The Form 3 notifies investors that the Chief Investment Officer and director, Krishnan Ashwin, reported no direct or indirect beneficial ownership of MSDL securities as of the 07/24/2025 event date. For analysts, this is a governance disclosure without operational metrics or financial performance data. The filing confirms role and transparency but provides no holdings to assess alignment with shareholder interests.

Corporate Governance Expert

TL;DR: Governance filing documents officer status and absence of holdings; it's a standard disclosure with neutral implications.

As an initial Section 16 filing, this Form 3 establishes Mr. Ashwin's officer and director status and explicitly states no securities beneficially owned. The use of a power of attorney signature is noted. This record is important for regulatory completeness and future tracking of insider transactions but does not itself indicate a governance concern.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Krishnan Ashwin

(Last) (First) (Middle)

C/O MORGAN STANLEY

1585 BROADWAY

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/24/2025

3. Issuer Name and Ticker or Trading Symbol
Morgan Stanley Direct Lending Fund [ MSDL ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Investment Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

No securities are beneficially owned.

	/s/ Orit Mizrachi, by power of attorney	08/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the Form 3 for MSDL?

Krishnan Ashwin, listed at C/O Morgan Stanley, filed the Form 3 related to Morgan Stanley Direct Lending Fund (MSDL).

What position does the reporting person hold at MSDL?

The filing identifies the reporting person as a Director and Officer with title Chief Investment Officer.

Does the Form 3 report any beneficial ownership of MSDL securities?

No. The filing explicitly states no securities are beneficially owned as of the event date.

What is the event date reported on the Form 3?

The Date of Event Requiring Statement is 07/24/2025.

When was the Form 3 signed and by whom?

The Form 3 was signed by power of attorney Orit Mizrachi on 08/12/2025.