UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarter Ended September 30, 2021 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 814-00899 BLACKROCK TCP CAPITAL CORP. (Exact Name of Registrant as Specified in Charter) Delaware 56-2594706 (State or Other Jurisdiction of Incorporation) (IRS Employer Identification N ...

CAPITAL CORP. BlackRock TCP Capital Corp. Investor Presentation June 30, 2021 BLACKROCK® Forward Looking Statements Prospective investors considering an investment in BlackRock TCP Capital Corp. ("we", "us", "our", "TCPC" or the "Company") should consider the investment objectives, risks and expenses of the Company carefully before investing. This information and other information about the Company are available in the Company's filings with the Securities and Exchange Commission ("SEC"). Copies are availab ...

BlackRock TCP Capital Corp. (NASDAQ:TCPC) Q2 2021 Earnings Conference Call August 2, 2021 1:00 PM ET Company Participants Howard Levkowitz - Chairman and CEO Katie McGlynn - Investor Relations Rajneesh Vig - President and Chief Operating Officer Erik Cuellar - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James Finian O'Shea - Wells Fargo Ryan Lynch - KBW Devin Ryan - JMP Securities Christopher Nolan - Ladenburg Thalmann Derek Hewett - Bank of America Operator Ladies and gentlem ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarter Ended June 30, 2021 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 814-00899 BLACKROCK TCP CAPITAL CORP. (Exact Name of Registrant as Specified in Charter) Delaware 56-2594706 (State or Other Jurisdiction of Incorporation) (IRS Employer Identification No.) 2 ...

BlackRock TCP Capital Corp (NASDAQ:TCPC) Q1 2021 Earnings Conference Call May 5, 2021 1:00 PM ET Company Participants Kathleen McGlynn - VP, IR Howard Levkowitz - Chairman & CEO Erik Cuellar - CFO Paul Davis - CFO Rajneesh Vig - President, COO & Director Conference Call Participants Christoph Kotowski - Oppenheimer Robert Dodd - Raymond James & Associates Ryan Lynch - KBW Finian O'Shea - Wells Fargo Securities Kevin Fultz - JMP Securities Christopher Nolan - Ladenburg Thalmann & Co. Operator Ladies and gent ...

CAPITAL CORP. BlackRock TCP Capital Corp. Investor Presentation March 31, 2021 BLACKROCK® Forward Looking Statements Prospective investors considering an investment in BlackRock TCP Capital Corp. ("we", "us", "our", "TCPC" or the "Company") should consider the investment objectives, risks and expenses of the Company carefully before investing. This information and other information about the Company are available in the Company's filings with the Securities and Exchange Commission ("SEC"). Copies are availa ...

Financial Structure and Leverage - The Company has a leverage program comprising $300 million in a revolving credit facility, $200 million in a senior secured revolving credit facility, and $140 million in convertible senior unsecured notes maturing in 2022[195]. - Total leverage outstanding as of March 31, 2021 was $990.6 million, with $395.9 million available under the combined Leverage Program[236]. - The Company's asset coverage ratio was 193% as of March 31, 2021, following the approval of reduced asset coverage requirements[240]. Investment Strategy and Portfolio - The Company focuses on investments in the debt of middle-market companies, including senior secured loans and mezzanine debt[192]. - The investment portfolio at fair value was $1,735.4 million as of March 31, 2021, with 89.6% invested in debt investments, primarily in senior secured debt[221]. - During the three months ended March 31, 2021, the company invested approximately $182.6 million, with 95.1% in senior secured loans[219]. - The industry composition of the investment portfolio included 14.6% in Diversified Financial Services and 12.2% in Internet Software and Services as of March 31, 2021[224]. - The company invested approximately $100.6 million primarily in 7 senior secured loans with a combined effective yield of approximately 8.9% from April 1, 2021, through May 4, 2021[256]. Revenue and Income - The Company generates revenue primarily from interest on debt investments, with expected maturities generally between three to five years[199]. - Investment income totaled $41.2 million for the three months ended March 31, 2021, compared to $41.3 million for the same period in 2020, with a decrease primarily due to lower interest income from declining LIBOR rates[225][226]. - Net investment income decreased to $18.4 million for the three months ended March 31, 2021, down from $22.1 million in 2020, reflecting lower expenses in the prior year due to incentive fee deferral[228]. - Net realized gain for Q1 2021 was $3.1 million, down from $5.0 million in Q1 2020, primarily due to an $8.8 million gain from One Sky, offset by a $7.1 million loss from GlassPoint[229]. Expenses and Financial Performance - Total operating expenses increased to $22.7 million for the three months ended March 31, 2021, from $19.2 million in the same period of 2020, largely due to the deferral of incentive fees[227]. - Incentive fees for Q1 2021 were $4.7 million, compared to $0.0 million in Q1 2020, reflecting performance exceeding cumulative total return thresholds[230]. - The net increase in net assets applicable to common shareholders was $35.5 million for Q1 2021, compared to a loss of $69.5 million in Q1 2020, driven by net realized and unrealized gains[233]. Cash Flow and Financing Activities - Net cash used in operating activities during Q1 2021 was $120.4 million, primarily due to $85.5 million in investment acquisitions[242]. - Net cash provided by financing activities was $114.7 million in Q1 2021, mainly from $174.3 million in net proceeds from unsecured debt issuance[243]. - At March 31, 2021, the Company had $14.3 million in cash and cash equivalents[244]. Tax Status and Compliance - The Company has elected to be treated as a regulated investment company (RIC) for U.S. federal income tax purposes, allowing it to avoid corporate level taxes on distributed income[194]. - No excise tax was incurred in Q1 2021 or Q1 2020, as the Company qualifies for tax treatment applicable to RICs[232]. - The company must distribute at least 90% of its ordinary income and realized net short-term capital gains to maintain its RIC status, which could impact future distributions[250]. - The company may face adverse tax consequences if it does not distribute a certain percentage of its income annually, potentially losing favorable RIC tax treatment[251]. Management and Advisory - The Company is externally managed and operates as a business development company (BDC) under the Investment Company Act of 1940[192]. - The advisor manages day-to-day operations and investment advisory services, with payments based on a percentage of total assets and incentive compensation[248]. - The incentive compensation for the Advisor is 17.5% of ordinary income and net realized capital gains, subject to a cumulative total return threshold of 7%[203]. - The company has entered into various contracts with related parties, which may lead to conflicts regarding investment opportunities[255]. Market Risks and Sensitivity - The financial condition of portfolio companies and the liquidity of credit markets are significant factors influencing the Company's operations and investment strategy[191]. - The company is subject to financial market risks, including changes in interest rates, which could materially affect net investment income[260]. - Interest rate sensitivity analysis indicates that a 300 basis point increase in interest rates could result in a net investment income of approximately $28.4 million[262].

BlackRock TCP Capital Corp (NASDAQ:TCPC) Q4 2020 Earnings Conference Call February 25, 2021 1:00 PM ET Company Participants Katie McGlynn - Investor Relations Howard Levkowitz - Chairman & CEO Paul Davis - Chief Financial Officer Raj Vig - President and COO Conference Call Participants Devin Ryan - JMP Securities Robert Dodd - Raymond James Finian O'Shea - Wells Fargo Securities David Miyazaki - Confluence Investment Ryan Lynch - KBW Christopher Nolan - Ladenburg Tallman Chris Kotowski - Oppenheimer & Comp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Year Ended December 31, 2020 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 814-00899 ______________________ (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Common Stock, par value $0.001 per share (Title ...

CAPITAL CORP. BlackRock TCP Capital Corp. Investor Presentation September 30, 2020 BLACKROCK® Forward Looking Statements Prospective investors considering an investment in BlackRock TCP Capital Corp. should consider the investment objectives, risks and expenses of the Company carefully before investing. This information and other information about the Company are available in the Company's filings with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC's website at www.sec.gov a ...