BlackRock TCP Capital Corp.: management transactions · United States · SEC (Form 4)

About BlackRock TCP Capital Corp.

BlackRock TCP Capital Corp. (NASDAQ: TCPC) is a U.S.-listed specialty finance company organized as a business development company, or BDC, under the Investment Company Act of 1940. The company is headquartered in Santa Monica, California, in the United States, and its stated objective is to generate high total returns through current income and capital appreciation, with an emphasis on principal protection. TCPC was formed as a Delaware corporation on April 2, 2012 following the conversion of its predecessor, and it completed its initial public offering on April 3, 2012. ([tcpcapital.com](https://tcpcapital.com/files/doc_financials/2023/q4/05eac931-5c76-4e66-94eb-76b362e4a124.pdf)) TCPC’s core business is middle-market lending. The company invests primarily in the debt of middle-market companies and smaller businesses, including senior secured loans, junior loans, mezzanine debt and bonds, while also maintaining the ability to make equity investments to a lesser extent. In practical terms, TCPC acts as a private credit provider, supplying customized capital solutions to businesses that may not want, or may not be able, to access conventional bank lending on attractive terms. This positions the company squarely in the growing U.S. private credit ecosystem, where yield, underwriting discipline and portfolio monitoring are key competitive factors. ([tcpcapital.com](https://tcpcapital.com/files/doc_financials/2023/q4/05eac931-5c76-4e66-94eb-76b362e4a124.pdf)) The company operates through a set of wholly owned subsidiaries, including a Small Business Investment Company (SBIC) subsidiary licensed by the U.S. Small Business Administration in 2014. That structure can provide additional financing flexibility and supports TCPC’s focus on credit investing in the lower middle market. The firm is externally managed by an investment advisor affiliated with BlackRock, giving it access to the BlackRock platform and brand, which can be an important advantage in sourcing, underwriting and capital markets access. ([tcpcapital.com](https://tcpcapital.com/files/doc_financials/2023/q4/05eac931-5c76-4e66-94eb-76b362e4a124.pdf)) Historically, TCPC was formerly known as TCP Capital Corp. A major recent milestone was the completion, on March 18, 2024, of its merger with BlackRock Capital Investment Corporation (BCIC). Following the transaction, the combined company continued trading on the Nasdaq Global Select Market under the ticker TCPC and remained externally managed by a BlackRock affiliate. Strategically, the merger broadened the portfolio base and was presented by management as a way to support scale and long-term shareholder value. ([tcpcapital.com](https://www.tcpcapital.com/investor-relations/press-releases/press-release-details/2024/BlackRock-TCP-Capital-Corp.-Announces-Completion-of-Merger-With-BlackRock-Capital-Investment-Corporation/default.aspx)) Recent company disclosures also highlight capital management actions and portfolio housekeeping. In early 2026, TCPC reported repurchases under its share repurchase plan, announced that its Board declared a first-quarter dividend of $0.17 per share, and disclosed repayment at par of $325 million of notes that matured on February 9, 2026. For investors, TCPC therefore represents a Nasdaq-listed U.S. BDC with a clear focus on private credit, middle-market lending and income generation, backed by the BlackRock platform and a diversified lending structure. ([s203.q4cdn.com](https://s203.q4cdn.com/265353345/files/doc_news/BlackRock-TCP-Capital-Corp--Announces-2025-Financial-Results-Including-Fourth-Quarter-Net-Investment-Income-of-0-26-Per-Share-Declare-NJBZD.pdf))