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BLK may sell TCPC's remaining $671M loan portfolio to reduce legacy credit risk while sharpening its broader private-credit strategy.
BlackRock is exploring a potential sale of its loan portfolio owned by TCP Capital Corp. (NASDAQ: TCPC) in another step towards reshaping the private credit vehicle after a difficult stretch. The asset manager has brought in Keefe, Bruyette & Woods...
BlackRock TCP Capital Corp. is selling a $523 million portfolio of private credit investments to shore up its balance sheet, reduce leverage and regain flexibility after mounting pressure on its publicly traded lending vehicle.
Blackrock Tcp Capital (NASDAQ:TCPC) said its second-quarter results and a newly completed portfolio sale transaction have materially reduced leverage, expanded liquidity and prompted the board to begin a strategic review of alternatives intended to build long-term shareholder value.
Moby summary of BlackRock TCP Capital Corp.'s Q2 2026 earnings call
TCPC completes landmark $523 million portfolio sale, reducing pro forma net leverage to 0.4x while initiating a strategic review to enhance shareholder value.
BlackRock TCP (TCPC) delivered earnings and revenue surprises of +10.00% and +0.83%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
SANTA MONICA, Calif., August 06, 2026--BlackRock TCP Capital Corp.
BlackRock TCP (TCPC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
BlackRock TCP (TCPC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.