$TCPC

The article evaluates three high-yield credit vehicles: BlackRock TCP Capital (TCPC), FS KKR Capital (FSK), and Oxford Lane Capital (OXLC). TCPC reported adjusted EPS of 21 cents, NAV per share decline, and a portfolio sale. FSK beat EPS estimates, reduced leverage, and received sponsor support. OXLC offers the highest yield but with CLO equity risks. All three have seen share price declines and varying risks.

BlackRock is considering selling a $671 million loan portfolio managed by TCP Capital Corp (TCPC) with Keefe, Bruyette & Woods advising. TCPC is exploring options including returning capital to shareholders or merging. TCPC recently sold a $523 million portfolio and faces investor scrutiny over private credit preparedness. TCPC's NAV declined 19% in January, and shares dropped over 14%. BlackRock manages the fund through its 2018 acquisition of Tennenbaum Capital Partners.

BlackRock’s TCPC will transfer about $523 million in loans to a continuation vehicle to restructure a troubled private credit fund, according to the article. TCPC keeps exposure via direct investments plus a 5% stake. Its board hired Keefe, Bruyette & Woods to review strategic alternatives. The portfolio remains mostly senior secured and first-lien debt.

BlackRock TCP Capital (TCPC) reported Q2 results and discussed leverage reduction after a sale. Pro forma net leverage fell to about 0.4x from 1.38x at June 30, with liquidity around $395 million. Portfolio fair value was $1.29B. Q2 total investment income was $40M, net investment income $18.1M, and NAV declined to $6.58. The board declared a $0.17 dividend.

BlackRock affiliate TCPC (TCPC) said it sold a majority stake in a large pool of loans to private credit secondaries investor Pantheon, transferring about two-thirds of each position. The company expects leverage to fall from 1.38x to 0.4x and liquidity to rise, but projects NAV down about 10.4% to $0.68 per share. TCPC reported Q2 net investment income of $18.1M and a $14.8M realized loss.

BlackRock TCP Capital Corp. (TCPC) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 BlackRock TCP Capital Corp. Pro Forma Consolidated Statements of Assets and Liabilities (Unaudited) June 30, 2026 Pro Forma Adjustments (1) Pro Forma June 30, 2026 Assets Investments, at fair value $ 1,290,523,348 $ (511,904,274 ) (2 ) $ 778,619,074 Cash and cash equ

BlackRock TCP Capital Corp (TCPC) said it will report second-quarter results for the period ended June 30, 2026 on Aug. 6, 2026. The page also lists TCPC trading and valuation metrics, including a $3.52 previous close, about $293.7M market cap, and a trailing and forward dividend yield of 24.07%.

Fitch Ratings affirmed BlackRock TCP Capital Corp.’s (NASDAQ:TCPC) ’BB’ ratings and removed the Rating Watch Negative, citing stabilized but still-elevated credit metrics. Fitch kept a Negative outlook due to high non-accruals, paid-in-kind income, and a weaker asset coverage cushion. Leverage was 1.65x (Q1 2026) and asset coverage 10.9%.

BlackRock TCP Capital Corp.’s CEO Phil Tseng is set to depart amid valuation scrutiny, markdowns, and losses, according to Bloomberg. The publicly traded business development company reported $35 million of first-quarter markdowns and an estimated 19% NAV decline in January; shares fell over 14%. In May, BlackRock executives faced U.S. Attorney questioning and TCP Capital’s value was cut ~5%.

A MarketBeat comparison of Morgan Stanley Direct Lending Fund (NYSE:MSDL) and BlackRock TCP Capital (NASDAQ:TCPC) cites dividends, analyst targets, valuation, and risk. MSDL pays $1.80/share (11.5% yield) vs TCPC $0.68/share (17.3%). MSDL’s payout is 178.2% of earnings; TCPC’s is -45.6%. Consensus targets: $15.54 for MSDL and $3.50 for TCPC.