BlackRock TCP Capital Corp. (TCPC)
BlackRock TCP Capital Corp. operates in the Asset Management industry of the Financial Services sector, headquartered in Santa Monica, CA, US. The stock last traded at $3.91, up 0.26% on the session, giving a market capitalisation of $328.1M. On trailing twelve-month figures it carries a trailing P/E of -3.08, a net margin of -79.9%. Its beta of 1.01 implies it has historically moved more than the broad market.
BlackRock TCP Capital Corp. operates as a business development company (BDC) with a primary focus on deploying direct equity and debt capital into middle-market enterprises. Its investment portfolio spans a wide range of financial instruments, encompassing various forms of debt such as senior secured, junior, and originated loans, alongside mezzanine financing, corporate bonds, and opportunistic secondary-market transactions. The firm also actively seeks to acquire ownership stakes through its equity investments. Its investment strategy is geographically centered within the United States, targeting a diverse array of sectors. These include, among others, communication and media services (such as public relations, television, and wireless communications), consumer products and retail (including apparel, restaurants, and general merchandising), the energy sector (specifically oil and gas extraction), intellectual property ownership, various financial services (like credit agencies and insurance), healthcare and biotechnology, industrial engineering and manufacturing (e.g., heavy electrical equipment, chemicals), and a broad spectrum of technology and specialized business services (including IT consulting, software development, application hosting, and certain logistics providers). Individual investments typically fall within the range of $10 million to $35 million. The companies BlackRock TCP Capital Corp. supports generally possess enterprise values between $100 million and $1.5 billion, even when navigating complex operational or financial circumstances.
BlackRock TCP Capital Corp. is most often compared with the following Financial Services names: