DEADLINE APPROACHING: BlackRock TCP Capital Corp. (TCPC) Securities Fraud Class Action

BlackRock TCP Capital Corp. is currently facing a securities fraud class action lawsuit due to alleged misleading statements made by the Company and its executives. The lawsuit claims that BlackRock TCP purposely undervalued investments, failed to effectively restructure its portfolio, and understated losses. As a result, the company’s NAV was falsely inflated, and positive statements about its business were deemed misleading.

On February 27, 2025, BlackRock TCP announced its weak financial results for the fiscal year 2024. The number of non-accrual portfolio companies more than doubled, resulting in a 289% increase in debt investments on non-accrual status at cost. Additionally, the company’s net asset value dropped by 22.44% to $9.23 per share, with total losses spiking to $194,895,042, mainly due to a substantial net unrealized loss within the fourth quarter. Despite these setbacks, BlackRock TCP claimed that the majority of its portfolio performed well and that it was actively resolving issues with borrowers and sponsors.

Following this news, BlackRock TCP’s stock price plummeted by 9.64% to $8.44 per share on February 27, 2025, amid heightened trading volume. Later, on January 23, 2026, the company divulged further financial data for the fourth quarter and full year 2025, leading to increased scrutiny from investors and further legal actions.

Faruqi & Faruqi LLP, a prominent national securities law firm, is currently investigating potential claims against BlackRock TCP Capital Corp. By encouraging affected investors to come forward and discuss their legal rights, the firm aims to shed light on the alleged deceptive practices of the Company and its executives. Investors who purchased or acquired securities in BlackRock TCP between November 6, 2024, and January 23, 2026, are advised to contact Faruqi & Faruqi directly to further investigate the matter before the impending April 6, 2026 deadline to become a lead plaintiff in the class action lawsuit.

Through its multi-state presence, Faruqi & Faruqi has recovered substantial amounts for investors since its establishment in 1995, highlighting its commitment to seeking justice for those affected by corporate wrongdoing. The firm’s pursuit of legal action against BlackRock TCP demonstrates its dedication to upholding securities laws and holding companies accountable for their misrepresentations and misleading statements to investors. Investors are urged to get in touch with Faruqi & Faruqi LLP to explore potential legal avenues and safeguard their financial rights in light of BlackRock TCP’s securities fraud allegations.