BlackRock TCP Capital: Should You Grab This 12.8% Yield For 2024?

LeoPatrizi/iStock via Getty ImagesBusiness development companies have had a great 2023 with the VanEck BDC Income ETF (BIZD) up 25% year-to-date on a total return basis. The US economy continues to record healthy GDP figures and low unemployment, set within the wrapper of interest rates at highs of 5.25% to 5.50%. This has built a golden era for private credit. BlackRock TCP Capital (NASDAQ:TCPC) has faced more headwinds, with its common equity up 2.25% on a total return basis this year to reflect net a ...