BlackRock Considers Sale of TCPC Remaining $671M Loan Portfolio
BlackRock is weighing a sale of the remaining $671 million loan portfolio at BlackRock TCP Capital Corp., framing it as cleanup of a weaker legacy asset amid credit-quality stress and valuation concerns. TCPC recently sold about $523 million of investments across 78 portfolio companies, strengthening the balance sheet. With HPS Investment Partners added in July 2025, the firm’s private-credit platform is broader and more diversified.