BlackRock TCP Capital cuts private credit fund asset value by 5%

8 articles · Updated · Bloomberg · May 7

In the quarter ended 31 March, the publicly traded middle-market lender said loan markdowns totalled $35 million.
The reduction reflects pressure from troubled loans and weaker returns across the fund's portfolio.
The move highlights strains in parts of private credit as investors watch asset quality and valuation risks in publicly traded lending vehicles.

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