Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Valuation
Upturn AI SWOT - About
TCPC 
BlackRock TCP Capital Corp (TCPC)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
09/16/2025: TCPC (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
5 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $7.17
1 Year Target Price $7.17
| 0 | Strong Buy |
| 0 | Buy |
| 4 | Hold |
| 0 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -2.32% | Avg. Invested days 61 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/16/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 571.45M USD | Price to earnings Ratio - | 1Y Target Price 7.17 |
Price to earnings Ratio - | 1Y Target Price 7.17 | ||
Volume (30-day avg) 5 | Beta 1.08 | 52 Weeks Range 5.85 - 8.57 | Updated Date 09/16/2025 |
52 Weeks Range 5.85 - 8.57 | Updated Date 09/16/2025 | ||
Dividends yield (FY) 17.77% | Basic EPS (TTM) -0.1 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -4.98% | Operating Margin (TTM) 86.82% |
Management Effectiveness
Return on Assets (TTM) 6.06% | Return on Equity (TTM) -1.48% |
Valuation
Trailing PE - | Forward PE 7.53 | Enterprise Value 1656625792 | Price to Sales(TTM) 2.39 |
Enterprise Value 1656625792 | Price to Sales(TTM) 2.39 | ||
Enterprise Value to Revenue 429.85 | Enterprise Value to EBITDA - | Shares Outstanding 85036496 | Shares Floating - |
Shares Outstanding 85036496 | Shares Floating - | ||
Percent Insiders 0.32 | Percent Institutions 23.08 |
Upturn AI SWOT
BlackRock TCP Capital Corp
Company Overview
History and Background
BlackRock TCP Capital Corp. (TCPC) was founded in 2012 through the merger of TCP Capital Corp. and BlackRock Kelso Capital Corporation. It is a specialty finance company focused on lending to middle-market companies.
Core Business Areas
- Direct Lending: Provides financing to U.S. middle-market companies, typically in the form of senior secured loans.
- Mezzanine Debt: Offers mezzanine debt financing to middle-market companies, often with equity components.
- Equity Investments: Makes select equity investments alongside its debt investments.
Leadership and Structure
BlackRock TCP Capital Corp is managed by TCP Capital LLC, an investment advisory firm. The senior management team includes Howard Levkowitz (Chairman & CEO) and Raj Vig (President & COO). The organizational structure consists of investment professionals and support staff focused on origination, underwriting, and portfolio management.
Top Products and Market Share
Key Offerings
- Senior Secured Loans: Primarily focuses on first-lien senior secured loans to middle-market companies. Market share data specific to TCPC is not readily available, but competitors include Ares Capital Corporation (ARCC) and Prospect Capital Corporation (PSEC). Revenue from this product is the primary source of income for TCPC.
- Mezzanine Debt: Provides second-lien and subordinated debt. Market share is smaller compared to senior secured loans. Competitors include ARCC and Main Street Capital (MAIN).
Market Dynamics
Industry Overview
The business development company (BDC) industry is driven by the demand for capital from middle-market companies and the search for yield by investors. The industry is competitive and sensitive to interest rate fluctuations.
Positioning
BlackRock TCP Capital Corp positions itself as a provider of flexible capital solutions to middle-market companies, leveraging the BlackRock brand. Its competitive advantage lies in its experienced investment team and access to BlackRock's resources.
Total Addressable Market (TAM)
The TAM for middle-market lending is estimated to be in the hundreds of billions of dollars. BlackRock TCP Capital Corp is positioned to capture a portion of this market through its specialized lending strategies.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Access to BlackRock's resources and network
- Focus on senior secured loans
- Disciplined underwriting process
Weaknesses
- Relatively small size compared to larger BDCs
- Dependence on external management
- Sensitivity to interest rate changes
- Concentration of investments in certain sectors
Opportunities
- Growing demand for capital from middle-market companies
- Expansion into new sectors and geographies
- Potential for acquisitions of smaller BDCs
- Increased demand for private credit
Threats
- Economic downturn leading to increased defaults
- Increased competition from other BDCs and private credit funds
- Rising interest rates
- Regulatory changes
Competitors and Market Share
Key Competitors
- Ares Capital Corporation (ARCC)
- Main Street Capital Corporation (MAIN)
- Prospect Capital Corporation (PSEC)
Competitive Landscape
TCPC is smaller than ARCC but competes effectively in the middle-market lending space. Its affiliation with BlackRock provides a competitive advantage, while its smaller size can limit its ability to participate in larger deals.
Growth Trajectory and Initiatives
Historical Growth: Growth has been steady, driven by increases in its investment portfolio. Historical data is necessary for a comprehensive analysis.
Future Projections: Future growth is expected to be driven by increased deployment of capital into middle-market lending opportunities. Analyst estimates would provide more specific projections.
Recent Initiatives: Recent initiatives include focusing on higher-quality loans and managing its portfolio to navigate the current economic environment.
Summary
BlackRock TCP Capital Corp is a specialty finance company that invests in middle-market companies. It leverages the BlackRock brand for deal sourcing. Key risks include economic downturns and interest rate sensitivity. Growth opportunities exist through strategic lending and market expansion.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Industry reports
- Financial news sources
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is estimated and may not be precise. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About BlackRock TCP Capital Corp
Exchange NASDAQ | Headquaters Santa Monica, CA, United States | ||
IPO Launch date 2012-04-04 | MD, CEO, Co-Chief Investment Officer & Chairman Mr. Philip M. Tseng | ||
Sector Financial Services | Industry Asset Management | Full time employees - | Website https://www.tcpcapital.com |
Full time employees - | Website https://www.tcpcapital.com | ||
BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, small businesses, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless telecommunication services, apparel, textile mills, restaurants, retailing, energy, oil and gas extraction, Patent owners and Lessors, Federal and Federally- Sponsored Credit agencies, insurance, hospital and healthcare centers, Biotechnology, engineering services, heavy electrical equipment, tax accounting, scientific and related consulting services, charter freight air transportation, Information technology consulting, application hosting services, software diagram and design, computer aided design, communication equipment, electronics manufacturing equipment, computer components, chemicals. It seeks to invest in the United States. The fund typically invests between $10 million and $35 million in companies with enterprise values between $100 million and $1500 million including complex situations. It prefers to make equity investments in companies for an ownership stake.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.