Sec Form 13G Filing - MS Credit Partners Holdings Inc. filing for Morgan Stanley Direct Lending Fund (MSDL) - 2020-10-19

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

MORGAN STANLEY DIRECT LENDING FUND

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

Not Applicable

(CUSIP Number)

September 28, 2020

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o                                   Rule 13d-1(b)

o                                   Rule 13d-1(c)

x                                 Rule 13d-1(d)

*      The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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Item 1(a). Name of Issuer:

Morgan Stanley Direct Lending Fund

Item 1(b). Address of Issuer’s Principal Executive Offices:

1585 Broadway, New York, New York 10036

Item 2(a). Name of Person Filing:

This statement is being filed jointly on behalf of (i) Morgan Stanley, a Delaware corporation (“MS Parent”), (ii) MS Holdings Incorporated, a Delaware corporation (“MS Holdings”) and (iii) MS Credit Partners Holdings Inc., a Delaware corporation (“MS Credit Partners” and, collectively, the “Reporting Persons”). The Reporting Persons have entered into a joint filing agreement, dated as of March 10, 2020, a copy of which is attached as Exhibit 99.1 to the Reporting Persons’ initial filing on Schedule 13G with respect to the issuer’s securities filed on March 10, 2020.

Item 2(b). Address of Principal Business Office or, if None, Residence:

The address of the principal business office of each of MS Parent, MS Holdings, and MS Credit Partners is 1585 Broadway, New York, NY 10036.

Item 2(c). Citizenship:

Delaware

Item 2(d). Title of Class of Securities:

Common Stock, par value $0.001 per share

Item 2(e) CUSIP No:

Not Applicable

Item 3. If this Statement is Filed Pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), Check Whether the Person Filing is a:

(a)                 o Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);

(b)                 o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)                  o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)                 o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)                  o An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)                   o An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)                  o A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)                 o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)                     o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)                    o A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);

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(k)                 o Group, in accordance with § 240.13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:                                     

Item 4. Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1:

(a)                                 Amount beneficially owned:

1,658,210.993 shares of Common Stock

(b)                                  Percent of class:

14.33 %

(c)                                   Number of shares as to which such person has:

(i)               Sole power to vote or to direct the vote

0

(ii)          Shared power to vote or to direct the vote

1,658,210.993 shares of common stock

(iii)       Sole power to dispose or to direct the disposition of

0

(iv)       Shared power to dispose or to direct the disposition of

1,658,210.993 shares of common stock

Item 5. Ownership of Five Percent or Less of a Class.

Not Applicable

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable

Item 7.         Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

See Exhibit 99.2 to the Reporting Persons’ initial filing on Schedule 13G with respect to the issuer’s securities filed on March 10, 2020

Item 8. Identification and Classification of Members of the Group.

Not Applicable

Item 9. Notice of Dissolution of Group.

Not Applicable

Item 10. Certifications.

In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the “Release”), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the “MS Reporting Units”) of Morgan Stanley and its subsidiaries and affiliates (collectively, “MS”). This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release.

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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

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