BlackRock Technology and Private Equity Term (BTX) vs Morgan Stanley Direct Lending Fund (MSDL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Morgan Stanley Direct Lending Fund is the larger company by market cap ($1.14 billion vs $1.08 billion), about 1.1 times the size. On valuation, BlackRock Technology and Private Equity Term trades at a lower trailing P/E (2.6x vs 19.7x for Morgan Stanley Direct Lending Fund). Morgan Stanley Direct Lending Fund pays a dividend yielding 14.00%, while BlackRock Technology and Private Equity Term does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | BTX | MSDL |
|---|---|---|
| Share price | $9.24 | $13.57 |
| Market cap | $1.08B | $1.14B |
| 1-day change | -1.70% | +1.80% |
| YTD return | +42.64% | — |
| 1-year return | +37.23% | — |
| 5-year return | -47.19% | — |
| P/E ratio (TTM) | 2.63 | 19.67 |
| Forward P/E | — | 7.53 |
| EPS (TTM) | $3.52 | $0.69 |
| Dividend yield | 6.70% | 14.00% |
| Annual dividend | $0.00 | $1.90 |
| 52-week high | $9.49 | $17.91 |
| 52-week low | $6.13 | $13.23 |
| Distance from 52-week high | -2.63% | -24.23% |
| Analyst consensus | — | none |
| Avg. price target upside | — | +15.03% |
| Average volume | 507.58K | 453.64K |
| Shares outstanding | 116.71M | 84.11M |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Morgan Stanley Direct Lending Fund trades at a higher earnings multiple (19.7x vs 2.6x trailing P/E).
- Morgan Stanley Direct Lending Fund offers a meaningfully higher dividend yield (14.00% vs 6.70%).
About BlackRock Technology and Private Equity Term
BTX stock →BlackRock Technology and Private Equity Term Trust is a mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC.
Financial Services · Asset Management
About Morgan Stanley Direct Lending Fund
MSDL stock →Morgan Stanley Direct Lending Fund is a business development company. It is a Private Debt fund.
Financial Services · Asset Management
BTX vs MSDL FAQ
Which is bigger, BlackRock Technology and Private Equity Term or Morgan Stanley Direct Lending Fund?
Morgan Stanley Direct Lending Fund (MSDL) is larger, with a market capitalization of $1.14B compared with $1.08B for BlackRock Technology and Private Equity Term (BTX).
Which has the lower P/E ratio, BTX or MSDL?
BTX has the lower trailing P/E at 2.6, versus 19.7 for MSDL. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, BlackRock Technology and Private Equity Term or Morgan Stanley Direct Lending Fund?
Morgan Stanley Direct Lending Fund has the higher yield at 14.00%, compared with 6.70% for BlackRock Technology and Private Equity Term.
Are BlackRock Technology and Private Equity Term and Morgan Stanley Direct Lending Fund in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.