BUZZ-BlackRock TCP Capital slips on report of DOJ probe
BlackRock, Inc. BLK | 0.00 | |
BlackRock TCP Capital Corp. TCPC | 0.00 |
** Shares of BlackRock TCP Capital Corp TCPC.O fell 3.9% to $3.99 in morning trading
** Bloomberg reported on Friday that U.S. prosecutors were scrutinizing valuation practices at a BlackRock BLK.N private credit fund, citing people familiar with the matter
** Manhattan U.S. Attorney's office has sought information and questioned executives as part of the probe, the report said
** Probe may end without charges being filed - Bloomberg
** TCPC made an unusual off‑cycle disclosure on January 26, saying it expected to cut asset values by about 19%, sending shares down 13% that day
** TCPC did not immediately respond to a Reuters request for comment
** Including session moves, TCPC stock down ~27% YTD
