Mergers & Acquisitions ·
BlackRock TCP Capital Corp. sold a 95% interest in BlackRock DLF-C 2026, LLC to Pantheon Ventures for approximately…
TCPCBlackRock TCP Capital Corp.
BlackRock TCP Capital Corp. sold a 95% interest in BlackRock DLF-C 2026, LLC to Pantheon Ventures for approximately $152 million on August 4, 2026. The transaction involves assets with a fair value of roughly $523 million and is expected to reduce net leverage from 1.38x to approximately 0.4x. Concurrently, the Board declared a quarterly dividend of $0.17 per share, payable September 30, 2026 to shareholders of record on September 16, 2026. The company also engaged Keefe, Bruyette & Woods to evaluate strategic alternatives. BlackRock TCP Capital Corp. is a business development company that invests in middle-market companies.