BlackRock TCP Capital: The Tide Is Turning (Rating Upgrade)

Company Overview - BlackRock TCP Capital Corp (TCPC) originated from the merger between BlackRock TCP Capital and BlackRock Capital Investment in Q1 FY2024 [1] Financial Performance - The BDC has seen a significant increase in its non-accrual percentage [1] Portfolio Composition - The portfolio mainly focuses on companies with asymmetric long-term upside [1] - Top holdings include Bitcoin, Tesla, Google, Amazon, and Nvidia [1]