BlackRock TCP Capital Corp. ( (TCPC) ) has released its Q3 earnings. Here is a breakdown of the information BlackRock TCP Capital Corp. presented to its investors.
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BlackRock TCP Capital Corp. is a specialty finance company that focuses on direct lending to middle-market and small businesses, primarily investing in companies with strong market positions and competitive advantages. The company operates as a publicly-traded business development company (BDC) and is managed by an indirect subsidiary of BlackRock, Inc.
In its third-quarter 2025 financial results, BlackRock TCP Capital Corp. reported a net investment income of $27.3 million, or $0.32 per share, surpassing its regular and special dividends. The company declared a fourth-quarter dividend of $0.25 per share, maintaining its net asset value per share at $8.71.
Key financial highlights include a net increase in net assets from operations of $24.4 million, or $0.29 per share, and a reduction in non-accrual debt investments to 3.5% of the portfolio’s fair value. The company also reported significant investment activity, with $63.1 million in acquisitions and $139.5 million in dispositions, and a decrease in net regulatory leverage to 1.20x.
Looking ahead, BlackRock TCP Capital Corp. remains focused on improving portfolio quality and selectively deploying capital into opportunities aligned with its investment strategy. The company aims to deliver attractive returns while managing risks and maintaining a diversified portfolio.