Every 8-K that BlackRock TCP Capital Corp. (TCPC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow TCPC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TCPC filings page.
BlackRock TCP Capital Corp. (TCPC) announced significant leadership changes. On August 31, 2026, longtime executive Philip Tseng resigned as Director, Chair of the Board, Chief Executive Officer, and Co-Chief Investment Officer of the company and related vehicles to pursue other opportunities; the company states his resignation did not result from any disagreement. He will remain an employee of BlackRock, Inc. until October 1, 2026 to help transition responsibilities.
Effective September 2, 2026, the Board appointed Jason MehringDan Worrell
BlackRock TCP Capital Corp. completed a continuation-vehicle transaction, selling 95% of its interest in BlackRock DLF-C 2026, LLC, which holds approximately $523 million of loans to 78 portfolio companies, to funds managed by Pantheon for approximately $152 million of gross proceeds.
The assets sold represent about 48% of the pre-transaction debt portfolio and were priced at 95% of gross fair value as of December 31 2025. Management expects the deal, together with recent repayments, to reduce net leverage to roughly 0.4x, with a further decline below 0.3x after an announced portfolio company paydown, while lowering unfunded commitments from about $90 million to $36 million. The transaction is estimated to reduce net asset value by about $57 million, or $0.68 per share, a 10.4% decline.
For the quarter ended June 30 2026, net investment income was $18.1 million, or $0.22 per share, covering the $0.17 dividend, and NAV per share was $6.58. The Board declared a third‑quarter dividend of $0.17 per share and engaged Keefe, Bruyette & Woods to evaluate strategic alternatives, including potential reinvestment, capital returns, combinations, or portfolio realization.
BlackRock TCP Capital Corp., through a subsidiary, completed a $535,780,000 collateralized loan obligation transaction on May 27, 2026. The CLO Issuer sold multiple tranches of floating rate Secured Notes maturing in 2034, including Class A-1 and A-2 AAA(sf) notes tied to three-month SOFR plus stated spreads.
The CLO Issuer also issued $102,780,000 in LLC Interests, all of which, along with the Class C and Class D notes, were retained by an indirect subsidiary of the company. Proceeds from the Secured Notes and LLC Interests were used to prepay and terminate a loan and servicing agreement and to repay $54,000,000 under the BCIC Credit Agreement and $83,000,000 under the SVCP Credit Agreement.
The transaction is backed by a diversified portfolio of middle-market loan obligations, and the Secured Notes are governed by an indenture with customary covenants and events of default. The notes are offered under exemptions from Securities Act registration and may not be publicly offered without registration or an applicable exemption.
BlackRock TCP Capital Corp. held its 2026 Annual Meeting of Stockholders via live webcast on May 27, 2026. Common stockholders voted on a single proposal to elect six directors to the board, and all nominees were elected.
As of the March 30, 2026 record date, 84,229,112 shares of common stock were outstanding. Each of Eric J. Draut, Karen L. Leets, Andrea L. Petro, Maureen K. Usifer, John R. Baron and Philip Tseng will serve until the 2027 Annual Meeting or until a successor is elected and qualified.
BlackRock TCP Capital Corp. reported first-quarter 2026 net investment income of $18.5 million, or $0.22 per share, which covered its regular dividend of $0.17 per share paid on March 31. Adjusted net investment income was $17.6 million, or $0.21 per share.
Net asset value per share fell to $6.72 from $7.07 as the company recorded a $16.3 million net decrease in net assets from operations driven by $32.7 million of realized losses and $2.0 million of net unrealized losses, largely tied to restructurings and markdowns in specific investments.
Credit metrics showed some improvement: loans on non-accrual declined to 2.8% of the portfolio at fair value and 7.6% at cost, and net regulatory leverage decreased to 1.29x. The board declared a second-quarter dividend of $0.17 per share, payable June 30, 2026, and re-approved a stock repurchase plan for up to $50 million. During and shortly after the quarter, the company repurchased over 660,000 shares at weighted-average prices between $3.78 and $4.51.
BlackRock TCP Capital Corp. reported 2025 results showing solid income but significant book-value pressure. For Q4, GAAP net investment income was $22.1 million, or $0.26 per share, slightly above the $0.25 dividend paid in December. Adjusted net investment income for 2025 was $104.0 million, or $1.22 per share.
Credit losses and markdowns drove a sharp decline in net asset value per share to $7.07 as of December 31, 2025, down from $8.71 at September 30. Q4 produced a net decrease in net assets from operations of $118.3 million, or $1.39 per share, reflecting large realized and unrealized losses across several portfolio names.
Non-accrual investments represented 4.0% of the portfolio at fair value and 9.7% at cost. Net regulatory leverage was 1.41x, with total assets of $1.65 billion and available liquidity of about $570.2 million. The board declared a first-quarter 2026 dividend of $0.17 per share, and the company continued share repurchases and repaid $325 million of 2026 notes at maturity.
BlackRock TCP Capital Corp. released preliminary, unaudited estimates for its quarter ended December 31, 2025, highlighting pressure on its net asset value per share. Management estimates that certain portfolio companies were the biggest negative contributors, accounting for about $1.11 per share of the decline in net asset value per share and roughly 67% of the overall decrease. To soften the impact on earnings, the Company’s investment adviser voluntarily agreed to waive one-third of its base management fee for the fourth quarter of 2025, which management estimates adds about $0.02 per share of benefit. These figures are subject to change because closing procedures and auditor work are not yet complete, and the independent auditor has not reviewed these preliminary numbers. Final full-year and fourth-quarter 2025 results are expected to be released, with a conference call, on February 27, 2026.
BlackRock TCP Capital Corp. (TCPC) furnished a press release announcing its financial results for the third quarter ended September 30, 2025, as Exhibit 99.1 to a current report.
The company also declared a fourth-quarter dividend of $0.25 per share, payable on December 31, 2025 to stockholders of record as of the close of business on December 17, 2025. The disclosures under Items 2.02 and 7.01, including Exhibit 99.1, were furnished and not filed under the Exchange Act.
On 18 June 2025, BlackRock TCP Capital Corp. (TCPC) reconvened its 2025 Annual Meeting solely to decide one item: whether to authorize the company, with Board approval, to issue common stock at prices below its then-current net asset value (NAV) per share in one or more offerings during the next 12 months. Of the 85,077,297 shares outstanding on the 26 March 2025 record date (including 595,706 affiliate-owned shares), a total of 44,461,648 votes were cast. The proposal passed with 31,463,046 FOR, 10,703,383 AGAINST and 2,295,219 WITHHELD, and no broker non-votes. After adjusting for 331,269 affiliated shares that voted, the FOR total was 31,131,777. The approval grants TCPC’s Board the flexibility to raise equity capital below NAV, subject to limitations detailed in the proxy statement, until June 2026. No other matters were submitted, and the Form 8-K was signed by CFO Erik Cuellar on 20 June 2025.