$TCPC 0.54 Developing

Notable posts

• @faststocknewss bearish 10 eng

  BLACKROCK $BLK PRIVATE CREDIT FUND CEO PHIL TSENG TO EXIT Phil Tseng, CEO of publicly traded BlackRock TCP Capital $TCPC, is in the process of leaving BlackRock, per Bloomberg. He remains an employee for now, with the timing and plans not yet finalized. The exit follows months of losses on soured loans and a US probe into the fund's valuation practices. Federal prosecutors at the Manhattan US Attorney's office have questioned executives as part of that scrutiny, per Bloomberg. TCPC wrote down its net asset value twice this year, by 19% in January and 5% in May, and its shares are down 39% year to date through Tuesday's close. BlackRock bought HPS Investment Partners in 2025 for about $12B to expand in private credit, and HPS executives have become increasingly involved in running TCPC.

  view on X →