TCP Capital

Blackrock TCP Capital Corp. is an externally managed, closed-end and non-diversified management investment company. The firm invests primarily in the debt of middle market companies as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds. Its investment objective is to seek to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. The company was founded on April 2, 2012 and is headquartered in Santa Monica, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

TCP Capital reports Q2 results, maintains dividend coverage amid challenges

TCP Capital (TCPC) navigated challenges in Q2 2024 with an 8.4% NAV decline and several portfolio companies moving to non-accrual status, while maintaining a disciplined approach to capital deployment and dividend coverage.
Despite net realized and unrealized losses, the company raised fixed rate unsecured debt, extended its credit facility, and highlighted increased investment activity and effective portfolio yield.
Looking ahead, TCP Capital aims to leverage its liquidity, sponsor support, and investment manager backing to capitalize on opportunities for growth and navigate market uncertainties.

TCPC reports strong Q3 earnings, faces challenges in investments

TCPC's Q3 performance showed solid earnings and dividend declarations, with a focus on managing non-accruals and optimizing outcomes.
The company's portfolio strength lies in meeting or exceeding expectations, high yields, and stable management commitment to shareholder returns.
Challenges include marked down positions, potential investment risks, and adapting to a declining rate environment.
Opportunities exist in available liquidity for investments, potential new licenses, adapting to market changes, and enhancing portfolio outcomes.

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BlackRock TCP (TCPC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

BlackRock TCP (TCPC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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News for TCP Capital ETF (TCPC)