secwatch.observer — SEC 8-K summary
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Issuer:     BlackRock TCP Capital Corp. (TCPC)
CIK:        0001370755
Form:       8-K
Filed at:   2026-08-06T12:05:28+00:00
Accession:  0001193125-26-336845
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BlackRock TCP Capital sells $523M portfolio to Pantheon, reports Q2 NII $0.22/share
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- Sold 95% of Continuation Vehicle holding $523M in loans across 78 companies to Pantheon for ~$152M gross proceeds; closed Aug 4, 2026.
- Transaction reduces net leverage from 1.38x to ~0.4x pro forma; NAV impact -$0.68/share (-10.4%).
- Q2 GAAP NII $18.1M ($0.22/share); adjusted NII $17.5M ($0.21/share); NAV $6.58 as of June 30.
- Board declared Q3 dividend $0.17/share payable Sep 30, 2026; engaged KBW to explore strategic alternatives.
- Unfunded commitments reduced from ~$90M to ~$36M; retained 5% equity in vehicle.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370755/000119312526336845/0001193125-26-336845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370755/000119312526336845/tcpc-20260804.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-336845

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