Faruqi & Faruqi Investigates Investor Losses in BlackRock TCP
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy TCPC?
Source: PRnewswire
- Investor Loss Investigation: Faruqi & Faruqi LLP is investigating potential claims against BlackRock TCP Capital Corp., urging investors who purchased securities between November 6, 2024, and January 23, 2026, to contact them for legal support regarding potential losses.
- Deteriorating Financial Condition: On February 27, 2025, BlackRock TCP reported that its portfolio significantly weakened during the 2024 fiscal year, with the number of portfolio companies on non-accrual status more than doubling, leading to a 289% increase in non-accrual debt investments, indicating severe financial distress for the company.
- Declining Net Asset Value: The reported net asset value (NAV) fell 22.44% year-over-year to $9.23 per share, with total losses reaching $194,895,042, a 186% increase year-over-year, highlighting significant mismanagement in asset valuation and portfolio restructuring efforts.
- Stock Price Volatility: Following the earnings report, BlackRock TCP's stock price dropped 9.64% to $8.44 per share on February 27, 2025, and subsequently fell 12.97% to $5.10 per share on January 26, 2026, reflecting strong market concerns over the company's financial health.
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Analyst Views on TCPC
Wall Street analysts forecast TCPC stock price to rise
2 Analyst Rating
0 Buy
1 Hold
1 Sell
Moderate Sell
Current: 4.090
Low
5.50
Averages
6.25
High
7.00
Current: 4.090
Low
5.50
Averages
6.25
High
7.00
About TCPC
BlackRock TCP Capital Corp. is an externally managed, closed-end, non-diversified management investment company. The Company is a specialty finance company focused on direct lending to middle-market companies as well as small businesses. The Company’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It invests primarily in the debt of middle-market companies as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds. Such investments may include an equity component, and, to a lesser extent, it may make equity investments directly. It invests in various industries, including automobiles, Internet software and service, software, diversified financial services, diversified consumer services, health care technology, healthcare providers and services, media, construction and engineering, and real estate management and development, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Reminder of Class Action Lawsuit for BlackRock TCP Capital Corp.
- Class Action Notification: Rosen Law Firm reminds investors who purchased BlackRock TCP Capital Corp. securities between November 6, 2024, and January 23, 2026, to apply as lead plaintiffs by April 6, 2026, to participate in the class action and potentially receive compensation.
- Fee Arrangement: Investors joining the class action will incur no out-of-pocket costs, as the law firm operates on a contingency fee basis, thereby reducing the financial burden on investors.
- Lawsuit Background: The lawsuit alleges that BlackRock TCP Capital Corp. made materially false and misleading statements regarding its business, operations, and prospects, resulting in investor losses when the true situation was revealed, particularly regarding the timely and appropriate valuation of investments.
- Law Firm's Strength: Rosen Law Firm specializes in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked first in 2017 for the number of securities class action settlements, demonstrating its expertise and success in this field.
See More
Reminder of Class Action Lawsuit for BlackRock TCP Capital Corp.
- Class Action Notice: Rosen Law Firm reminds investors who purchased BlackRock TCP Capital Corp. securities between November 6, 2024, and January 23, 2026, to apply as lead plaintiffs by April 6, 2026, to participate in the class action, as those who do not may miss out on potential compensation.
- Fee Arrangement: Investors joining the class action will incur no out-of-pocket costs, as the law firm operates on a contingency fee basis, which alleviates financial burdens and encourages more affected investors to seek compensation.
- Lawsuit Background: The lawsuit alleges that BlackRock TCP Capital Corp. made materially false statements and failed to disclose the true value of its investments, resulting in investor losses, highlighting serious issues regarding corporate governance and transparency.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest securities class action settlement against a Chinese company, demonstrating its expertise and success rate, which investors should consider when selecting legal counsel.
See More
BLACKROCK CLOSED-END FUNDS DISCLOSE ESTIMATED DISTRIBUTION SOURCES
BlackRock Closes End Funds: BlackRock has announced the closure of certain end funds, indicating a strategic shift in their investment approach.
Estimated Sources of Distributions: The announcement includes details on the estimated sources of distributions for the affected funds, providing transparency to investors.
See More
BlackRock TCP Capital Q4 2025 Earnings Call Insights
- Decline in Net Investment Income: The adjusted net investment income for 2025 was $1.22 per share, down from $1.52 in 2024, reflecting the impact of portfolio markdowns and nonaccruals, which pose greater financial pressure on the company.
- Significant NAV Drop: As of December 31, 2025, the net asset value fell to $7.07 per share, a 19% decline from $8.71 on September 30, with six portfolio companies accounting for 67% of the markdowns, highlighting the risks associated with concentrated investments.
- Dividend and Buyback Plans: The company announced a dividend of $0.17 per share for Q1 2026 and repurchased 749,410 shares during and after the quarter, aiming to enhance the sustainability of shareholder returns.
- Portfolio Diversification Strategy: Management emphasized a shift towards first lien loans, with all new investments in 2025 being first lien loans, increasing the total exposure from 83.6% to 87.4%, to address challenges posed by market volatility.
See More
BlackRock TCP (TCPC) Earnings Call Transcript
See More
Multiple Companies Face Class Action Lawsuits
- Richtech Robotics Lawsuit: Richtech Robotics Inc. is facing allegations of false statements during the class period from January 27 to January 29, 2026, claiming a partnership with Microsoft that did not exist, potentially misleading investors about the company's prospects and affecting stock performance.
- Plug Power Lawsuit: Plug Power, Inc. is accused of making misleading statements from January 17 to November 13, 2025, overstating the likelihood of receiving DOE loan funds, which may force the company to pivot to smaller projects, thereby impacting future growth potential.
- Picard Medical Lawsuit: Picard Medical, Inc. is implicated in a fraudulent stock promotion scheme from September 2 to October 31, 2025, involving misinformation and insider trading, which severely undermines investor confidence and the company's reputation.
- BlackRock TCP Capital Lawsuit: BlackRock TCP Capital Corp. faces allegations of failing to appropriately value investments from November 6, 2024, to January 23, 2026, leading to understated unrealized losses and overstated net asset value, potentially causing significant investor losses.
See More
Reminder of Class Action Lawsuit for BlackRock TCP Capital Corp.
- Class Action Notification: Rosen Law Firm reminds investors who purchased BlackRock TCP Capital Corp. securities between November 6, 2024, and January 23, 2026, to apply as lead plaintiffs by April 6, 2026, to participate in the class action and potentially receive compensation.
- Fee Arrangement: Investors joining the class action will incur no out-of-pocket costs, as the law firm operates on a contingency fee basis, thereby reducing the financial burden on investors.
- Lawsuit Background: The lawsuit alleges that BlackRock TCP Capital Corp. made materially false and misleading statements regarding its business, operations, and prospects, resulting in investor losses when the true situation was revealed, particularly regarding the timely and appropriate valuation of investments.
- Law Firm's Strength: Rosen Law Firm specializes in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked first in 2017 for the number of securities class action settlements, demonstrating its expertise and success in this field.
See More
Reminder of Class Action Lawsuit for BlackRock TCP Capital Corp.
- Class Action Notice: Rosen Law Firm reminds investors who purchased BlackRock TCP Capital Corp. securities between November 6, 2024, and January 23, 2026, to apply as lead plaintiffs by April 6, 2026, to participate in the class action, as those who do not may miss out on potential compensation.
- Fee Arrangement: Investors joining the class action will incur no out-of-pocket costs, as the law firm operates on a contingency fee basis, which alleviates financial burdens and encourages more affected investors to seek compensation.
- Lawsuit Background: The lawsuit alleges that BlackRock TCP Capital Corp. made materially false statements and failed to disclose the true value of its investments, resulting in investor losses, highlighting serious issues regarding corporate governance and transparency.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest securities class action settlement against a Chinese company, demonstrating its expertise and success rate, which investors should consider when selecting legal counsel.
See More
BLACKROCK CLOSED-END FUNDS DISCLOSE ESTIMATED DISTRIBUTION SOURCES
BlackRock Closes End Funds: BlackRock has announced the closure of certain end funds, indicating a strategic shift in their investment approach.
Estimated Sources of Distributions: The announcement includes details on the estimated sources of distributions for the affected funds, providing transparency to investors.
See More
BlackRock TCP Capital Q4 2025 Earnings Call Insights
- Decline in Net Investment Income: The adjusted net investment income for 2025 was $1.22 per share, down from $1.52 in 2024, reflecting the impact of portfolio markdowns and nonaccruals, which pose greater financial pressure on the company.
- Significant NAV Drop: As of December 31, 2025, the net asset value fell to $7.07 per share, a 19% decline from $8.71 on September 30, with six portfolio companies accounting for 67% of the markdowns, highlighting the risks associated with concentrated investments.
- Dividend and Buyback Plans: The company announced a dividend of $0.17 per share for Q1 2026 and repurchased 749,410 shares during and after the quarter, aiming to enhance the sustainability of shareholder returns.
- Portfolio Diversification Strategy: Management emphasized a shift towards first lien loans, with all new investments in 2025 being first lien loans, increasing the total exposure from 83.6% to 87.4%, to address challenges posed by market volatility.
See More
BlackRock TCP (TCPC) Earnings Call Transcript
See More
Multiple Companies Face Class Action Lawsuits
- Richtech Robotics Lawsuit: Richtech Robotics Inc. is facing allegations of false statements during the class period from January 27 to January 29, 2026, claiming a partnership with Microsoft that did not exist, potentially misleading investors about the company's prospects and affecting stock performance.
- Plug Power Lawsuit: Plug Power, Inc. is accused of making misleading statements from January 17 to November 13, 2025, overstating the likelihood of receiving DOE loan funds, which may force the company to pivot to smaller projects, thereby impacting future growth potential.
- Picard Medical Lawsuit: Picard Medical, Inc. is implicated in a fraudulent stock promotion scheme from September 2 to October 31, 2025, involving misinformation and insider trading, which severely undermines investor confidence and the company's reputation.
- BlackRock TCP Capital Lawsuit: BlackRock TCP Capital Corp. faces allegations of failing to appropriately value investments from November 6, 2024, to January 23, 2026, leading to understated unrealized losses and overstated net asset value, potentially causing significant investor losses.
See More
