# TCPC has struggled recently due to increased pressure from distressed loans, asset markdowns and declining returns.

*business · news · 2026-05-07 · Benzinga*

## Key points

- BlackRock TCP Capital reported a 19% NAV decline in January, mainly due to portfolio restructurings.
- TCPC invested $22.5 million in the quarter, with 80.1% allocated to senior secured loans.
- Non-accruals improved to 2.8% of the portfolio after two restructurings and an asset sale.
- BlackRock announced new private credit analytics and research tools on Preqin to standardize intelligence.

**Companies:** BlackRock

[Read the full story on Benzinga](https://www.benzinga.com/markets/private-markets/26/05/52383123/blackrock-private-credit-fund-takes-5-hit)

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