BLK · News · 20260904N

TCP Capital Leadership and Valuation Probe

BlackRock, Inc. · 2026-09-04 · Importance 37 · Surprise 42

BlackRock TCP Capital CEO Phil Tseng resigned effective August 31, 2026, following fund markdowns and regulatory scrutiny. Jason Mehring was appointed CEO, director, and board chair, while Dan Worrell became president. Tseng is expected to remain at BlackRock through October 1, 2026, to support the leadership transition.

Key facts

• Phil Tseng resigned as CEO of BlackRock TCP Capital Corp. effective August 31, and Jason Mehring was appointed as the new CEO, director, and board chair while Dan Worrell was named president; Tseng will remain with BlackRock until October 1 for transition. source