Morgan Stanley Direct Lending Fund (MSDL) vs Blue Owl Technology Finance (OTF)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Blue Owl Technology Finance is the larger company by market cap ($4.30 billion vs $1.14 billion), about 3.8 times the size. On valuation, Blue Owl Technology Finance trades at a lower forward P/E (6.9x vs 7.5x for Morgan Stanley Direct Lending Fund). Blue Owl Technology Finance offers the higher dividend yield (14.91% vs 14.00%).
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | MSDL | OTF |
|---|---|---|
| Share price | $13.57 | $9.39 |
| Market cap | $1.14B | $4.30B |
| 1-day change | +1.80% | +1.51% |
| YTD return | — | -36.38% |
| 1-year return | — | -33.93% |
| P/E ratio (TTM) | 19.67 | 11.74 |
| Forward P/E | 7.53 | 6.86 |
| EPS (TTM) | $0.69 | $0.80 |
| Dividend yield | 14.00% | 14.91% |
| Annual dividend | $1.90 | $1.40 |
| Net income (latest FY) | — | $720.37M |
| 52-week high | $17.91 | $15.00 |
| 52-week low | $13.23 | $9.14 |
| Distance from 52-week high | -24.23% | -37.40% |
| Analyst consensus | none | none |
| Avg. price target upside | +15.03% | +44.94% |
| Average volume | 453.64K | 2.44M |
| Shares outstanding | 84.11M | 458.19M |
| 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
- Blue Owl Technology Finance is about 3.8 times larger than Morgan Stanley Direct Lending Fund by market value ($4.30B vs $1.14B).
- Morgan Stanley Direct Lending Fund trades at a higher earnings multiple (19.7x vs 11.7x trailing P/E).
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
About Blue Owl Technology Finance
OTF stock →Blue Owl Technology Finance Corp. is a business development company specializes in upper middle-market, making debt and equity investments such as senior secured or unsecured loans, subordinated loans or mezzanine loans and equity-related securities including common equity, warrants, preferred stock and similar forms of senior equity, finance and business development company.
Financial Services · Asset Management
MSDL vs OTF FAQ
Which is bigger, Morgan Stanley Direct Lending Fund or Blue Owl Technology Finance?
Blue Owl Technology Finance (OTF) is larger, with a market capitalization of $4.30B compared with $1.14B for Morgan Stanley Direct Lending Fund (MSDL).
Which has the lower P/E ratio, MSDL or OTF?
OTF has the lower trailing P/E at 11.7, 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, Morgan Stanley Direct Lending Fund or Blue Owl Technology Finance?
Blue Owl Technology Finance has the higher yield at 14.91%, compared with 14.00% for Morgan Stanley Direct Lending Fund.
Are Morgan Stanley Direct Lending Fund and Blue Owl Technology Finance in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.