Reports Q2 revenue $53.96M , consensus $51.17M .”We again generated strong net investment income as our predominantly floating rate portfolio benefited from rising base rates. Our overall effective yield increased to 13.8% for the second quarter, up from 9.8% a year earlier,” said Rajneesh Vig, BlackRock TCP Capital Corp. Chairman and CEO. “While overall deal activity is relatively muted, our pipeline is healthy due to our team’s deep experience investing across cycles and our ability to draw upon the power of the BlackRock platform. We remain encouraged by the compelling opportunities we are identifying.” “Importantly, as we prudently build and diversify the portfolio, we are maintaining a sharp focus on our consistent, conservative approach to underwriting and selective investing to ensure solid credit quality as we navigate an uncertain economic environment,” Vig added. “We conduct a thorough review of our entire portfolio every quarter to stay ahead of any potential issues, and we continue to emphasize investments in companies that operate in resilient and less cyclical industries.”
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