BLK · News · 20261105N

TCP Capital Loan Portfolio Sale

BlackRock, Inc. · 2026-11-05 · Importance 59 · Surprise 82

BlackRock TCP Capital reported a $524 million portfolio sale in its third quarter of 2026 and reduced net leverage to 0.16 times. Its net asset value fell by $0.97 per share to $5.61, reflecting the sale and markdowns, including exposure to Job and Talent. A separate Q3 summary reported diluted EPS of ($0.80), compared with $0.29 a year earlier, as investment income declined with a smaller portfolio after a Continuation Vehicle Transaction and lower SOFR rates, alongside realized and unrealized losses.

Key facts

• BlackRock TCP Capital Corp. was conducting an ongoing strategic review, prioritizing liquidity and flexibility, limiting new investments to follow-on activities, and deferring dividend decisions until the review concludes. source
• BlackRock TCP Capital Corp. reported a $524 million portfolio sale and reduced net leverage to 0.16 times. source
• BlackRock TCP Capital Corp.'s net asset value declined by $0.97 per share to $5.61 due to the portfolio sale and markdowns, notably from Job and Talent. source