BlackRock Puts TCP Capital's $671 Million of Loans on the Block
BlackRock is exploring a potential sale of its loan portfolio owned by TCP Capital Corp. in an effort to reshape the private credit vehicle.
BlackRock is trying to sell a big pile of loans it owns through a company called TCP Capital to reorganize how it runs that business. When a large money company sells assets like this, it can mean they want to focus on different things or need cash—watch to see if this helps or hurts TCP Capital's performance.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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