BlackRock TCP Capital Corp.
Close on Oct 19, 2026
- Market cap
- $344.89M
- P/E (TTM)
- –
- Dividend yield
- 27.25%
About BlackRock TCP Capital
BlackRock TCP Capital Corp. operates as an externally managed, closed-end, non-diversified management investment company that has elected regulation as a business development company. The firm's primary investment strategy centers on originating and acquiring leveraged loans and debt securities, with selective equity investments, warrants, or options. Its target borrowers are performing middle-market enterprises, typically defined as businesses with enterprise values between $100 million and $1.5 billion.
The company operates in the United States and conducts its investing activities through subsidiaries, overseen by its external manager, an indirect subsidiary of BlackRock. As of December 31, 2025, its consolidated portfolio comprises 141 portfolio companies, predominantly invested in senior secured debt. The provided text details Delaware corporate formation and Delaware entities but does not disclose the company's specific headquarters location.
Summary of the business section of BlackRock TCP Capital's latest annual report, written by StockData.
Company profile
Company
- Legal name
- BlackRock TCP Capital Corp.
- Founded
- 2012
- Headquarters
- Santa Monica, CA
- Address
- 2951 28th Street, Suite 1000 90405
- Phone
- (310) 566-1000
- Website
- tcpcapital.com
- Employees
- 24,900, Dec 31, 2025
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, Los Angeles, California
Stock & identifiers
- Ticker
- TCPC
- Exchange
- Nasdaq
- IPO date
- Apr 4, 2012
- Shares outstanding
- 84M, Aug 6, 2026
- Public float
- $654.80M, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1370755
- CUSIP
- 09259E108
- ISIN
- US09259E1082
- LEI
- 549300JU1XG1HF56J989
- EIN
- 56-2594706
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Philip M. Tseng | Director and CEO | 38,587 |
| Patrick Wolfe | Chief Operating Officer | 17,461 |
| August Daniel Worrell | Co-Chief Investment Officer | 113,500 |
| Erik L. Cuellar | CFO | 2,000 |
| Jason Mehring | President | 29,208 |
| Charles Park | Chief Compliance Officer | – |
| Ariel Tiffany Hazzard | Chief Compliance Officer | – |
| Karen L. Leets | Director | 7,680 |
| Eric John Draut | Director | 57,000 |
Employees
Headcount reported in annual reports
“Headquartered in New York City, as of December 31, 2025, the firm had approximately 24,900 employees in more than 30 countries who serve clients in over 100 countries across the globe, providing a broad range of investment management and technology services to institutional and retail clients worldwide.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Aug 6, 2026 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Mar 18, 2024 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jun 20, 2018 | Name change | Name changed from TCP Capital Corp. to BlackRock TCP Capital Corp. |
| Aug 6, 2015 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Apr 5, 2012 | Listing | Registration of securities on an exchange (Form 8-A) |
| Apr 2, 2012 | Name change | Name changed from Special Value Continuation Fund, LLC to TCP Capital Corp. |