Santa Johnson
Head of Investor Relations
Replay available
Morgan Stanley Direct Lending Fund (NYSE: MSDL) Q4 2025 earnings conference call, held 2026-02-27. Replay captured from the company's public earnings webcast.

Head of Investor Relations
Chief Executive Officer
Co-President
Chief Financial Officer
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WEBVTT 00:00:00.031 -- 00:00:05.036 Please stand by. We are about to begin. Welcome to the Morgan Stanley Direct Lending 00:00:05.036 -- 00:00:09.141 Fund's fourth quarter and full year 2025 earnings call. 00:00:09.141 -- 00:00:12.184 At this time, all participants are in a listen-only mode. 00:00:12.184 -- 00:00:15.788 A question and answer session will follow the prepared remarks. 00:00:15.788 -- 00:00:18.051 As a reminder, this conference is being recorded. 00:00:18.051 -- 00:00:23.136 At this time, I'd like to turn the call over to Santa Johnson, head of investor 00:00:23.136 -- 00:00:26.658 relations. Please go ahead. 00:00:26.845 -- 00:00:30.690 Good morning, and welcome to Morgan Stanley Direct Lending Fund's fourth quarter and 00:00:30.690 -- 00:00:35.555 full year 2025 earnings call. I am joined this morning by Michael Osi, Chief Executive 00:00:35.555 -- 00:00:40.702 Officer, Jeff Day, Co-President, David Pessa, Chief Financial Officer, and Rebecca Shaul, 00:00:40.702 -- 00:00:44.907 Head of Portfolio Management. Morgan Stanley Direct Lending Fund's fourth quarter and 00:00:44.907 -- 00:00:49.392 full year 2025 financial results were released yesterday after market close and can be 00:00:49.392 -- 00:00:54.215 accessed on the Investor Relations section of our website at www.mscl.com. 00:00:54.757 -- 00:00:58.461 We have arranged for a replay of today's events that will be accessible from the Morgan 00:00:58.461 -- 00:01:02.205 Stanley Direct Lending Fund website. During this call, I want to remind you that we may 00:01:02.205 -- 00:01:04.928 make forward-looking statements based on current expectations. 00:01:04.928 -- 00:01:08.892 The statements on this call that are not purely historical are forward-looking statements. 00:01:08.892 -- 00:01:12.555 These f...