Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against BlackRock TCP Capital Corp. (TCPC)

Group 1 - A securities class action lawsuit has been filed against BlackRock TCP Capital Corp. for alleged misrepresentations during the class period from November 6, 2024, to January 23, 2026 [1] - The lawsuit claims that BlackRock failed to disclose that its investments were not being valued appropriately, and that its portfolio restructuring efforts were ineffective, leading to understated unrealized losses and overstated net asset value (NAV) [2] - On February 27, 2025, BlackRock disclosed that the number of portfolio companies on non-accrual status had more than doubled, and its NAV had fallen over 22% year over year to $9.23 per share, despite claiming that the NAV was accurate [3] Group 2 - The lawsuit invites investors who purchased BlackRock shares to contact the firm before the April 6, 2026, lead plaintiff motion deadline [4] - The lead plaintiff will act on behalf of other class members in directing the litigation [4]