BlackRock TCP Capital (TCPC) - 2023 Q2 - Earnings Call Presentation

Portfolio Composition and Performance - The company's portfolio has a fair value of $1.6 billion, diversified across 143 portfolio companies[53] - 88% of the portfolio is invested in senior secured debt[53] - 76% of the total portfolio is in 1st lien positions[53] - The weighted average yield of the debt portfolio is 13.8%[53] - Net investment income for Q2 2023 was $0.48 per share, exceeding the dividend of $0.34 per share[53] Balance Sheet and Funding - The company has a diverse leverage program totaling $1.2 billion[53] - 56% of the outstanding leverage is unsecured as of June 30, 2023[53] - Available credit facility capacity is $210 million[53] - Net regulatory leverage ratio is 1.01x, within the 2:1 regulatory leverage limitation[53] - Floating rate assets represent 94% of the portfolio, while fixed rate assets account for 6%[1]