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, 2022 ☐ 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.) 295 ...

Financial Data and Key Metrics Changes - The company reported a net investment income of $0.42 per share, which is up 14% from the second quarter and more than 30% year-over-year [45] - The net asset value (NAV) increased by 1.1% during the quarter, driven by net unrealized gains and net investment income exceeding dividends [18] - The effective yield on the debt portfolio rose from 9.8% as of June 30 to 11.3% [38] Business Line Data and Key Metrics Changes - The company made 17 new investments totaling $48 million during the third quarter, with 60% of total investments coming from existing portfolio companies [34] - The portfolio's fair market value was approximately $1.7 billion, with 87% of investments in senior secured debt [27] - Non-accrual loans were limited to 0.3% of the portfolio at fair value, indicating strong credit quality [19] Market Data and Key Metrics Changes - The company noted significant volatility in public markets due to geopolitical uncertainty and rising interest rates, impacting both equity and bond markets [8][9] - The company observed a general ability among portfolio companies to pass along cost increases to end customers, reflecting elastic demand for their products and services [13] Company Strategy and Development Direction - The company focuses on direct lending to middle-market businesses in diverse and resilient industries, emphasizing strong credit quality and principal protection [11] - The strategy includes maintaining disciplined underwriting standards and proactively engaging with borrowers to manage challenges [10][14] - The company aims to leverage its relationships and the broader BlackRock platform to identify attractive investment opportunities [26] Management's Comments on Operating Environment and Future Outlook - Management expressed caution in the current market environment but remains confident in the portfolio's structural seniority and credit quality [10][14] - The company anticipates continued strong performance and is prepared to selectively deploy capital in favorable terms [59] - Management highlighted the importance of maintaining a stable and well-covered dividend amid market uncertainties [80][82] Other Important Information - The Board of Directors declared a fourth-quarter dividend of $0.32 per share, an increase of $0.02 [16] - The company welcomed a new board member, Karen Leets, enhancing governance experience [22] Q&A Session Summary Question: Historical average deal flow activity rate and trends - The selectivity rate generally ranges from 4% to 6%, with the company evaluating 1,000 to 1,200 deals annually [64][65] Question: Thoughts on leverage in the current environment - The company is comfortable with lower leverage levels, providing flexibility to deploy capital when attractive opportunities arise [68][69] Question: Unrealized gain on 36 Street Capital - The increase in valuation was driven by strong performance and pending strategic initiatives at the company level [74][75] Question: Current weighted average interest coverage on the portfolio - The cash flow coverage is approximately 2.5 times and has trended upward [76] Question: Dividend increase rationale and coverage - The company aims to maintain a stable and well-covered dividend, considering market conditions and investment returns [80][84] Question: Spillover income - The cumulative spillover income is about $1.17 per share on a book basis [101] Question: Update on supply chain constraints - Supply chain issues are less relevant for the portfolio, which focuses on asset-light, high-margin businesses [104]

TABLE OF CONTENTS 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, 2022 | | ☐ | 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. Delaware 56-2594706 (310) 566-1000 (Registrant's telephone number, includin ...

BlackRock TCP Capital Corp (NASDAQ:TCPC) Q2 2022 Earnings Conference Call August 3, 2022 1:00 PM ET Company Participants Katie McGlynn - Director of Investor Relations Raj Vig - Chairman & Chief Executive Officer Phil Tseng - President & Chief Operating Officer Erik Cuellar - Chief Financial Officer Conference Call Participants Kevin Fultz - JMP Securities Ryan Lynch - KBW Robert Dodd - Raymond James Christopher Nolan - Ladenburg Thalmann Operator Ladies and gentlemen, good afternoon. Welcome everyone to Bl ...

CAPITAL CORP. BlackRock TCP Capital Corp. Investor Presentation June 30, 2022 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 ...

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, 2022 ☐ 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 Inco ...

BlackRock TCP Capital Corp (NASDAQ:TCPC) Q1 2022 Earnings Conference Call May 4, 2022 1:00 PM ET Company Participants Katie McGlynn - Director of Investor Relations Raj Vig - Chairman & Chief Executive Officer Phil Tseng - President & Chief Operating Officer Erik Cuellar - Chief Financial Officer Conference Call Participants Kevin Fultz - JMP Securities Robert Dodd - Raymond James Christopher Nolan - Landenburg Thalmann Ryan Lynch - KBW Derek Hewett - Bank of America Operator Ladies and gentlemen, good afte ...

CAPITAL CORP. BlackRock TCP Capital Corp. Investor Presentation March 31, 2022 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 ...

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 March 31, 2022 (Exact Name of Registrant as Specified in Charter) ______________________ Delaware 56-2594706 (State or Other Jurisdiction of Incorporation) (IRS Employer Identification No.) 2951 28th Street, Suite 1000 Santa Monica, California 90405 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities ...

CAPITAL CORP. BlackRock TCP Capital Corp. Investor Presentation December 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 ava ...