Blackrock Tcp Capital (NASDAQ:TCPC) is a closed-end, externally managed business development company that focuses on providing customized financing solutions to middle-market companies in the United States. As an investment company regulated under the Investment Company Act of 1940, it offers tailored debt and equity capital to support growth initiatives, recapitalizations, acquisitions and buyouts. The company operates as part of BlackRock’s private credit platform, leveraging global research capabilities and risk-management infrastructure to structure flexible capital solutions.
The firm’s primary investment products include senior secured loans, subordinated debt and equity co-investments. By structuring debt instruments such as first-lien and second-lien loans, BlackRock TCP Capital aims to achieve a balance between income generation and capital preservation. The company often partners with borrowers on strategic financings, offering term loans, unitranche structures and revolving credit facilities designed to meet the varied needs of privately held businesses across industries.
Founded in 2011 as TCP Capital and publicly listed on the NASDAQ in 2013 under the ticker symbol TCPC, the firm entered into an external management agreement with BlackRock in 2020. This collaboration expanded the company’s access to global capital markets and enhanced its investment research capabilities. Over the years, BlackRock TCP Capital has built a diversified portfolio spanning sectors such as healthcare, business services, consumer products, technology and industrials, reflecting a commitment to prudent underwriting and sectoral diversification.
BlackRock TCP Capital serves middle-market companies throughout the United States, with a focus on transactions that benefit from active portfolio monitoring and strategic guidance. Timothy L. Schilling, President and Chief Executive Officer, leads a seasoned management team supported by BlackRock’s experienced credit analysts and portfolio managers. The company’s governance structure includes an independent board of directors that oversees compliance, risk management and shareholder interests.
