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Manhattan Prosecutors Question BlackRock-Backed TCPC After 19% Asset Cut

5/16/2026

Summary

Story summary

The Manhattan U.S. Attorney’s Office is questioning executives of BlackRock TCP Capital Corp (TCPC).
SDNY head Jay Clayton told a conference that regulators are scrutinizing private-asset marking.
TCPC disclosed a 19% asset-value cut in January 2026, causing its shares to fall 13% on Jan. 26, the steepest drop since March 2020.
TCPC reported a fourth-quarter NAV of $7.07 per share, down from $8.71, with three HPS executives on its seven-member investment committee.

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Story summary

The Manhattan U.S. Attorney’s Office is questioning executives of BlackRock TCP Capital Corp (TCPC).
SDNY head Jay Clayton told a conference that regulators are scrutinizing private-asset marking.
TCPC disclosed a 19% asset-value cut in January 2026, causing its shares to fall 13% on Jan. 26, the steepest drop since March 2020.
TCPC reported a fourth-quarter NAV of $7.07 per share, down from $8.71, with three HPS executives on its seven-member investment committee.