BlackRock TCP Capital Corp.
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No enriched coverage for $TCPC in the last 7 days.
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See all $TCPC insider activity →Phil Tseng resigned as CEO of BlackRock TCP Capital Corp. (TCPC) on Aug. 31, following fund markdowns and strategic changes. Jason Mehring and Dan Worrell were appointed as new leaders. Tseng's departure was not due to a disagreement, according to the filing.
BlackRock TCP Capital Corp. (TCPC) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Philip Tseng as Director, Board Chair, Chief Executive Officer, and Co-Chief Investment Officer of the Compa
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.
Recent TCPC coverage spans corporate actions, earnings and financial news.
Leadership change may affect fund strategy and investor sentiment.
Leadership transition may cause short‑term volatility as investors reassess management continuity and strategy execution.
Leverage reduction and improved coverage may stabilize the fund, but distribution cuts and share decline suggest near-term volatility.
Potential asset sale could improve TCPC's balance sheet and reduce discount to NAV.
The offload and restructuring should reduce near-term credit concentration and funding stress, but signals portfolio liquidity pressure.
AlphAI scores every news story that mentions TCPC with an AI model for sentiment and relevance, and aggregates insider trades from BlackRock TCP Capital Corp.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Phil Tseng resigned as CEO of BlackRock TCP Capital Corp. (TCPC) on Aug. 31, following fund markdowns and strategic changes. Jason Mehring and Dan Worrell were appointed as new leaders. Tseng's departure was not due to a disagreement, according to the filing.
1 min readBlackRock TCP Capital Corp. (TCPC) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Philip Tseng as Director, Board Chair, Chief Executive Officer, and Co-Chief Investment Officer of the Compa
1 min readThe 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.
3 min readBlackRock 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.
2 min readBlackRock’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.
4 min readBlackRock 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.
6 min readBlackRock 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.
5 min readBlackRock 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
6 min readBlackRock 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%.
2 min readFitch 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%.
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