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TCPC has struggled recently due to increased pressure from distressed loans, asset markdowns and declining returns.
BlackRock TCP Capital reported a 19% NAV decline in January, mainly due to portfolio restructurings.
KEY POINTS
- 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
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