Law firm issues reminder to BlackRock TCP (TCPC) investors about securities class action.

Faruqi & Faruqi, LLP is reminding investors of BlackRock TCP Capital Corp. (BlackRock TCP or the Company) about the upcoming deadline to seek the role of lead plaintiff in a federal securities class action filed against the Company. Investors have until April 6, 2026, to participate. Faruqi & Faruqi, a reputable national securities law firm, with offices across several states, has been serving investors since its establishment in 1995, recovering substantial amounts of money on their behalf.

The complaint against BlackRock TCP alleges that the Company and its executives violated federal securities laws by providing false and misleading information. It is claimed that the Company’s investments were not properly valued, restructuring efforts were ineffective, and the quality of the portfolio was not improving. As a result, unrealized losses were understated, leading to an overstatement of the Company’s Net Asset Value (NAV). The lawsuit suggests that the positive statements made by the Company about its business operations were deceptive and lacked a reasonable basis.

A significant decline in BlackRock TCP’s portfolio was highlighted in a press release on February 27, 2025. The number of portfolio companies on non-accrual status had substantially increased, resulting in a 289% rise in debt investments on non-accrual status at cost. The Company’s NAV had decreased by 22.44% year over year to $9.23 per share, accompanied by a significant increase in total losses, both realized and unrealized. Despite these challenges, the Company maintained that the vast majority of its portfolio was performing well and that it was actively resolving portfolio issues with borrowers and sponsors.

Following this news, the Company’s stock price experienced a decline, closing at $8.44 per share on February 27, 2025. In a subsequent disclosure on January 23, 2026, BlackRock TCP revealed that its NAV per share as of December 31, 2025, was significantly lower, ranging from $7.05 to $7.09, a 19% decrease from the previous quarter and a 23.4% decrease from the prior year.

Investors who have suffered losses exceeding $75,000 in BlackRock TCP between November 6, 2024, and January 23, 2026, are encouraged to contact Faruqi & Faruqi’s partner, Josh Wilson, directly to discuss their legal options. The lead plaintiff in the class action will be the investor with the most significant financial interest in the relief sought by the class. Individuals with information about BlackRock TCP conduct, including whistleblowers, former employees, and shareholders, are also encouraged to come forward.

To stay updated on the developments of the BlackRock TCP class action, investors can visit Faruqi & Faruqi’s website or reach out to partner Josh Wilson directly for more information. It is essential to act promptly to protect your rights and explore potential recovery options under the guidance of experienced legal counsel.