Portnoy Law Firm Announces Class Action on Behalf of BlackRock TCP Capital Corp. Investors
LOS ANGELES, Feb. 05, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises BlackRock TCP Capital Corp., (“BlackRock” or the "Company") (NASDAQ: TCPC) investors off a class action on behalf of investors that bought securities between November 6, 2024 and January 23, 2026, inclusive (the “Class Period”). BlackRock investors have until April 6, 2026 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or join the case via https://portnoylaw.com/blackrock-tcp-capital-corp. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
BlackRock TCP 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. Prior to the start of the Class Period, BlackRock TCP’s net asset value (“NAV”) per share was allegedly $11.90 as of December 31, 2023.
The BlackRock TCP class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) BlackRock TCP’s investments were not being timely and/or appropriately valued; (ii) BlackRock TCP’s efforts at portfolio restructuring were not effectively resolving challenged credits or improving the quality of the portfolio; (iii) as a result, BlackRock TCP’s unrealized losses were understated; and (iv) consequently, BlackRock TCP’s NAV was overstated.
The BlackRock TCP class action lawsuit alleges that on February 27, 2025, BlackRock TCP revealed the number of portfolio companies on non-accrual status had more than doubled and that BlackRock TCP’s NAV had fallen more than 22% year over year to $9.23 per share. Despite this, BlackRock TCP alleged its NAV was accurate at $9.23 per share, and that “the vast majority of [BlackRock TCP’s] portfolio continued to perform well,” according to the complaint. On this news, BlackRock TCP’s stock price allegedly fell 9.6%.
Then, the BlackRock TCP investor class action lawsuit alleges that on January 23, 2026, BlackRock TCP disclosed that its NAV per share as of December 31, 2025 was in fact in the range of $7.05 to $7.09, 19% less than reported the prior quarter and 23.4% less than reported the prior year. On this news, BlackRock TCP’s stock price fell nearly 13%, according to the complaint.
The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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