Highest-materiality recent filing
BlackRock TCP Capital closes $535.8M CLO securitization, repays existing debt facilities
Issued $270.6M AAA(sf) Class A-1 notes at SOFR+1.55% and $54.1M Class A-2 at SOFR+1.80%.
BlackRock TCP Capital elects six directors at 2026 annual meeting
All six director nominees elected: Eric J. Draut, Karen L. Leets, Andrea L. Petro, Maureen K. Usifer, John R. Baron, Philip Tseng.
BlackRock TCP Capital Corp Q1 NII $0.22; NAV falls to $6.72; declares $0.17 dividend
GAAP net investment income $18.5M ($0.22/diluted share); adjusted NII $0.21/share.
BlackRock TCP Capital Q4 NII $0.26; NAV drops 19% to $7.07; dividend cut to $0.17
GAAP NII $22.1M ($0.26/sh); adjusted NII $0.25/sh; Q4 net decrease in net assets $118.3M (-$1.39/sh).
TCPC prelim Q4 NAV down ~19% to $7.05-$7.09; cites issuer-specific declines
Preliminary NAV per share $7.05-$7.09, down ~19% from $8.71 at Sept 30, 2025.
TCPC reports Q3 NII of $0.32/sh, exceeds dividend; non-accruals down to 3.5%
Net investment income $27.3M ($0.32/sh), exceeding $0.25 regular and $0.04 special dividend paid in Q3.
GAAP NII $27.6M ($0.32/diluted) exceeding regular dividend; adjusted NII $26.3M ($0.31/diluted).
TCPC amends $200M credit facility to extend through July 2027; appoints Charles Park as CCO
Sixth Amendment extends revolving period under $200M facility to July 31, 2027 (previously Aug 4, 2025).
BlackRock TCP Capital Corp. CCO Ariel Hazzard to resign July 31, 2025
Ariel Hazzard resigns as Chief Compliance Officer effective July 31, 2025 to pursue outside business opportunities.
BlackRock completes HPS acquisition, creating $190B private credit platform
BlackRock completed acquisition of 100% of HPS Investment Partners on July 1, 2025.
BlackRock TCP Capital shareholders approve below-NAV share issuance authorization
Proposal to sell common stock below net asset value approved with 31.5M for, 10.7M against.
All six director nominees elected with >36M votes each; Eric Draut received 36,634,632 for, 4,490,854 withheld.
BlackRock TCP Capital amends credit facility to permit BlackRock's acquisition of HPS Group
Entered into Ninth Amendment to $265M senior secured revolving credit facility, dated May 16, 2025.
TCPC Q1 NII $0.38/sh beats dividend; non-accruals improve to 4.4%; declares $0.04 special
GAAP NII of $32.2M ($0.38/sh) exceeded combined regular ($0.25) and special ($0.04) dividends.
BlackRock TCP Capital Q4 adjusted NII $0.36/sh; NAV drops to $9.23; dividend cut; non-accruals rise
Q4 2024 adjusted NII $0.36/share; full-year adjusted NII $1.52/share.
TCP Capital corrects Q4 earnings: net unrealized loss $72.3M, cuts regular dividend to $0.25
Corrected Q4 net unrealized loss $72.3M ($0.85/share); GAAP NII $33.8M ($0.40), adjusted NII $30.8M ($0.36).
BlackRock TCP Capital Corp. CCO Ariel Hazzard returns from parental leave
Ariel Hazzard resumed Chief Compliance Officer role on Jan 27, 2025, after parental leave.
Acquisition for 12.1M SubCo Units exchangeable into BlackRock common; ~$12B total consideration.
BlackRock TCP Capital Q3 NII $0.40/share, special dividend $0.10; NAV $10.11
GAAP NII $33.9M ($0.40/share); adjusted NII $30.8M ($0.36), covering regular $0.34 dividend 106%.
Charles Park appointed Interim CCO of BlackRock TCP Capital while Hazzard on parental leave
Ariel Hazzard began parental leave on Sept 10, 2024; Charles Park appointed Interim Chief Compliance Officer effective that date.
BlackRock TCP Capital appoints Philip Tseng as Chair and CEO, replacing Rajneesh Vig
Rajneesh Vig resigns as Chair and CEO effective Nov 6, 2024, to pursue other opportunities; no disagreement with company.
BlackRock TCP Capital repays $250M 2024 Notes; asset coverage ratio rises to 180.2%
Repaid $250M aggregate principal of unsecured notes maturing August 23, 2024.
BlackRock TCP Capital Q2 NII $0.42/share; NAV falls to $10.20; declares $0.34 dividend
GAAP NII $0.42 per share; adjusted NII $0.38 per share; dividend coverage 112% (0.34 dividend).
TCPC subsidiary amends credit facility extending maturity to 2029 and lowering SOFR adjustment
Amendment No. 7 to A&R Senior Secured Revolving Credit Agreement extends maturity date to August 1, 2029 (from 2024).
BlackRock TCP Capital appoints Philip Tseng to Board of Directors
Philip Tseng, BlackRock Managing Director, appointed to the Board effective August 1, 2024.
Shareholders approve proposal to sell stock below NAV at BlackRock TCP Capital
Proposal to sell shares at prices below NAV for up to 12 months approved.
BlackRock TCP Capital Corp issues $325M 6.95% Notes due 2029
$325M aggregate principal, 6.95% semi-annual interest, maturity May 30, 2029.
All six director nominees elected: Eric J. Draut, Karen L. Leets, Andrea L. Petro, Maureen K. Usifer, John R. Baron, Rajneesh Vig.
BlackRock TCP Capital issues $325M 6.95% Notes due 2029 to refinance debt
$325M principal of 6.95% Notes due 2029; expected issuance May 30, 2024.
BlackRock TCP Capital Corp appoints Jason Mehring as COO effective May 8, 2024
Jason Mehring appointed as Chief Operating Officer of BlackRock TCP Capital Corp, effective May 8, 2024.
BlackRock TCP Capital COO Nik Singhal resigns effective May 2, 2024
Nik Singhal resigned as Chief Operating Officer to pursue opportunities outside BlackRock.
BlackRock TCP Capital Q1 NII $0.46/sh; NAV $11.14; declares $0.34 Q2 dividend
Net investment income $28.3M ($0.46/sh) covered the $0.34 dividend; adjusted NII $27.7M ($0.45/sh).
Ariel Hazzard appointed CCO of BlackRock TCP Capital Corp., effective Apr 24, 2024
Ariel Hazzard appointed Chief Compliance Officer, effective April 24, 2024.
BlackRock TCP Capital completes BCIC merger; exchange ratio 0.3834 per share
Merger closed effective March 18, 2024; BCIC merged into a subsidiary of TCPC.
BlackRock TCP Capital closes merger with BCIC; combined company trades as TCPC
BCIC shareholders receive 0.3834 TCPC shares per BCIC share; combined ownership 67.5% legacy TCPC, 32.5% former BCIC.
BlackRock TCP Capital Corp. expects BCIC merger to close on March 18, 2024
Merger of BlackRock Capital Investment Corporation (BCIC) into a wholly-owned subsidiary of BlackRock TCP Capital Corp.
BlackRock TCP Capital Corp. announces board changes effective on BCIC merger close
M. Freddie Reiss and Peter Schwab will retire from the Board effective upon closing of the merger with BlackRock Capital Investment Corporation (BCIC).
TCPC and BCIC shareholders approve merger with >90% votes in favor
Shareholders of TCPC (NASDAQ: TCPC) and BCIC (NASDAQ: BKCC) each voted >90% in favor of the merger at March 7 special meetings.
BlackRock TCP Capital Q4 NII $0.44/share, NAV falls to $11.90; merger with BCIC on track
Q4 NII $25.3M ($0.44/diluted share) exceeded $0.34 dividend; 47 consecutive quarters of dividend coverage.
Estimated future quarterly dividends: $0.34/share for TCPC, $0.10/share for BCIC through Dec 2028.
TCPC supplements merger proxy with NAV, dividend projections; meeting March 7
Two stockholder demand letters alleged misleading statements in merger proxy; BCIC supplements disclosures without admitting merit.
On January 27, 2025, Ariel Hazzard resumed her role as Chief Compliance Officer (“CCO”) of BlackRock TCP Capital Corp. (“the Company”) upon her return from parental leave.
Charles Park served as Interim CCO during Ms. Hazzard’s absence, and Mr. Park’s interim appointment ended upon Ms. Hazzard’s return.
The Board of the Company previously had appointed Mr. Park as Interim CCO of the Company to become effective as of the date Ms. Hazzard began parental leave.
Mr. Tseng will continue to serve as President of the Company, BDLC and BlackRock Private Credit Fund (“BDEBT”) until the close of business on November 6, 2024.
On September 16, 2024, the Board of the Company appointed Philip Tseng as Chair of the Board of Directors of the Company and as CEO of the Company, with the appointments effective as of the close of business on November 6, 2024.
· Patrick Wolfe to the position of Chief Operating Officer
· Dan Worrell to the position of Co-Chief Investment Officer
On September 16, 2024, Rajneesh Vig informed BlackRock TCP Capital Corp. (the “Company”) of his resignation from his positions as Chair of the Board of Directors of the Company and as Chief Executive Officer (“CEO”) of the Company, effective as of the close of business on November 6, 2024, to pursue other business opportunities outside of BlackRock, Inc.
· Jason Mehring to the position of President
· Philip Tseng to the position of Co-Chief Investment Officer
On August 1, 2024, the Board of BlackRock TCP Capital Corp. (the “Company”) appointed Philip Tseng to the Board of Directors of the Company, with the appointment effective immediately.
On May 8, 2024, the Board of BlackRock TCP Capital Corp. (the “Company”) appointed Jason Mehring as Chief Operating Officer (“COO”) of the Company, with the appointment effective immediately.
Max materiality 0.90 · Median 0.60 · Most common event earnings