Morgan Stanley Direct Lending Fund (MSDL) vs Pershing Square USA (PSUS)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
On valuation, Pershing Square USA trades at a lower forward P/E (5.1x vs 7.5x for Morgan Stanley Direct Lending Fund). Morgan Stanley Direct Lending Fund pays a dividend yielding 14.00%, while Pershing Square USA does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | MSDL | PSUS |
|---|---|---|
| Share price | $13.57 | $37.25 |
| Market cap | $1.14B | — |
| 1-day change | +1.80% | -0.45% |
| P/E ratio (TTM) | 19.67 | — |
| Forward P/E | 7.53 | 5.13 |
| EPS (TTM) | $0.69 | — |
| Dividend yield | 14.00% | 0.00% |
| Annual dividend | $1.90 | $0.00 |
| 52-week high | $17.91 | $44.00 |
| 52-week low | $13.23 | $35.71 |
| Distance from 52-week high | -24.23% | -15.34% |
| Analyst consensus | none | none |
| Avg. price target upside | +15.03% | +12.75% |
| Average volume | 453.64K | 346.63K |
| Shares outstanding | 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 offers a meaningfully higher dividend yield (14.00% vs 0.00%).
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 Pershing Square USA
PSUS stock →Pershing Square USA, Ltd. is a close-ended equity fund launched and managed by Pershing Square Capital Management, L.P.
Financial Services · Asset Management
MSDL vs PSUS FAQ
Which pays a higher dividend, Morgan Stanley Direct Lending Fund or Pershing Square USA?
Morgan Stanley Direct Lending Fund pays a dividend yielding 14.00%, while Pershing Square USA does not currently pay a regular dividend.
Are Morgan Stanley Direct Lending Fund and Pershing Square USA in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.