Recent Updates — TCPC

BlackRock TCP Capital Corp. announced the resignation of Patrick Wolfe as Chief Operating Officer, effective December 18, 2026, to pursue opportunities outside BlackRock, Inc. The Board appointed Dan Worrell as the new COO, also effective December 18, 2026. Mr. Worrell currently serves as President of the Company and will continue in that role while assuming the COO position. He is a Managing Director at BlackRock, Inc., with prior experience at Tennenbaum Capital Partners and Mulholland Capital Advisors. This executive transition does not involve any disagreement with management. The company operates in the business development and private credit industry.

Philip Tseng resigned as Director, Board Chair, CEO, and Co-Chief Investment Officer of BlackRock TCP Capital Corp., effective August 31, 2026. Jason Mehring was appointed as Director, Board Chair, and CEO, effective September 2, 2026. Dan Worrell transitioned from Co-Chief Investment Officer to President, also effective September 2, 2026. The company operates in the business development and private credit industry.

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.