BlackRock TCP Capital slips on report of DOJ probe

BlackRock TCP Capital

18/05/2026 15:41

** Shares of BlackRock TCP Capital Corp TCPC.O fell 3.9% to $3.99 in morning trading

** Bloomberg reported on Friday that U.S. prosecutors were scrutinizing valuation practices at a BlackRock BLK.N private credit fund, citing people familiar with the matter

** Manhattan U.S. Attorney's office has sought information and questioned executives as part of the probe, the report said

** Probe may end without charges being filed - Bloomberg

** TCPC made an unusual off‑cycle disclosure on January 26, saying it expected to cut asset values by about 19%, sending shares down 13% that day

** TCPC did not immediately respond to a Reuters request for comment

** Including session moves, TCPC stock down ~27% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))