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News 2026-07-01 20:13 UTC

BlackRock Private Credit Fund CEO Departs During Valuation Probe, Mounting Losses

The chief executive officer of private credit fund BlackRock TCP Capital Corp. (NASDAQ: TCPC ) is departing the firm during ongoing losses, significant asset markdowns and federal scrutiny over valuation practices. Sources familiar with the matter revealed to Bloomberg that Phil Tseng will be leaving the firm, although