What are the specific allegations in the BlackRock TCP Capital Corp securities class action lawsuit?

The lawsuit alleges $TCPC misled investors by failing to appropriately value its investments and understating unrealized losses. It claims the company overstated its Net Asset Value (NAV) while concealing the fact that its portfolio restructuring efforts were not effectively resolving credit issues.

Who is eligible to join the BlackRock TCP Capital Corp investor lawsuit?

Investors who purchased or acquired BlackRock TCP Capital Corp securities between November 6, 2024, and January 23, 2026, may be eligible. Participation is intended for those who suffered financial losses following the company's disclosures of portfolio weakening and subsequent stock price drops.

Why did the BlackRock TCP Capital Corp ($TCPC) stock price drop in early 2025 and 2026?

In February 2025, shares fell 9.6% after non-accrual debt increased by 289%. In January 2026, the stock plunged another 13% after the company revealed its NAV was actually 23.4% lower than the prior year, falling to a range of $7.05–$7.09 per share due to previously undisclosed "issuer-specific" stress.

What is the lead plaintiff deadline for the BlackRock TCP Capital Corp class action?

The court-mandated deadline to petition for the role of lead plaintiff is April 6, 2026. While any class member can apply to oversee the litigation, you do not need to be a lead plaintiff to participate in any potential recovery or settlement that may result from the securities fraud claims.

How can I contact the lawyers handling the BlackRock TCP Capital Corp investigation?

You can reach Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Other firms, including Robbins Geller and Holzer & Holzer, are also involved. Providing your transaction history to counsel can help determine your specific eligibility and potential recovery.

BlackRock TCP Capital Corp. - Faruqi & Faruqi LLP

BlackRock TCP Capital Corp.

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Case Details

Filed On: February 3, 2026

Ticker TCPC

Class Period 11/06/2024 - 01/23/2026

Lead Plaintiff Deadline 04/06/2026

Days Left to Seek Plaintiff

If you are a BlackRock TCP investor who suffered a loss and would like to learn more, you can provide your information below:

If you purchased or acquired securities in BlackRock TCP between November 6, 2024 and January 23, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against BlackRock TCP Capital Corp. (“BlackRock TCP” or the “Company”) (NASDAQ: TCPC) and reminds investors of the April 6, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

STOCK DROP: On February 27, 2025, before the market opened, the Company issued a press release announcing financial results for the fourth quarter and year ended December 31, 2024. The press release disclosed that the Company’s portfolio had significantly weakened during the 2024 fiscal year. Specifically, the press release revealed the number of portfolio companies on non-accrual status had more than doubled, and as a result, debt investments on non-accrual status at cost increased by 289% (from 3.7% to 14.4% of the portfolio). Moreover, the press release revealed that the Company’s net asset value (“NAV”) had fallen 22.44% year over year to $9.23 per share. Total losses, both realized and unrealized, were revealed to have ballooned to $194,895,042 for the fiscal year, a 186% increase year over year, in large part due to a newly added $72.3 million net unrealized loss within the fourth quarter. Despite this, the press release alleged the NAV of the Company was accurate at $9.23 per share, and that “the vast majority of [the Company’s] portfolio continued to perform well,” and the Company was “working closely with [its] borrowers and sponsors to resolve the portfolio issues.”

On this news, the Company’s stock price fell $0.90, or 9.64%, to close at $8.44 per share on February 27, 2025, on unusually heavy trading volume.

On January 23, 2026, after market hours, BlackRock TCP disclosed certain fourth quarter and full year 2025 financial results, including that the Company’s NAV per share as of December 31, 2025 was in fact in the range of $7.05 to $7.09, 19% less than reported the prior quarter and 23.4% less than reported the prior year.

On this news, BlackRock TCP’s stock price fell $0.76, or 12.97%, to close at $5.10 per share on January 26, 2026, on unusually heavy trading volume.

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