Robbins LLP Calls on TCPC Investors with Major Losses to Join Class Action Lawsuit Against BlackRock TCP Capital Corp.

Robbins LLP Urges TCPC Investors to Take Action

In light of recent developments, Robbins LLP is reaching out to investors of BlackRock TCP Capital Corp. (NASDAQ: TCPC) who have experienced substantial losses. A class action lawsuit has been filed representing individuals who purchased or acquired BlackRock TCP securities between November 6, 2024, and January 23, 2026. This comes after troubling financial disclosures that have raised serious questions about the company's business practices and transparency.

Background on BlackRock TCP Capital Corp.

BlackRock TCP is classified as a business development company, which means it primarily seeks to raise capital from investors to provide loans to small and mid-sized businesses. This model usually offers a beneficial alternative to traditional bank financing, but recent events have shone a light on some potentially serious internal issues.

During the aforementioned class period, significant allegations have surfaced. Key complaints outlined in the lawsuit include concerns that management failed to adequately disclose crucial information about the company's financial health and investment strategies. According to legal filings, there were claims that:
1. Valuation Issues: The company's investments were not valued in a timely or appropriate manner.
2. Portfolio Restructuring Failures: Efforts to restructure the company's portfolio did not effectively resolve existing challenges, leading to understated unrealized losses.
3. Overstated NAV: As a result of these failures, the company's Net Asset Value (NAV) was inadvertently or deliberately bloated, misrepresenting the actual financial situation.
4. Misleading Statements: Positive commentary from management regarding the companies' operations lacked a reasonable basis, effectively misleading investors.

The Consequences of Poor Disclosure

On January 23, 2026, after markets closed, the company revealed its fourth-quarter and full-year financial results for 2025. The disclosures revealed a shocking drop in the NAV per share, falling within the range of $7.05 to $7.09—an alarming decrease of 19% from the previous quarter and 23.4% less than reported a year prior. In response, BlackRock TCP's stock price plummeted by $0.76 (12.97%) to settle at $5.10 per share on January 26, 2026. This sharp decline underlines the potential gravity of the allegations and the impact on investors' portfolios.

What’s Next for Investors?

Current shareholders of BlackRock TCP Capital Corp. are encouraged to consider their options carefully. The deadline to file a motion to be named as lead plaintiff in this class action is April 6, 2026. By serving as a lead plaintiff, one represents the broader class in litigation proceedings. However, it is important to note that you do not need to participate in the case to qualify for any recovery.

Robbins LLP emphasizes that all legal representation is provided on a contingency basis, which means investors won’t incur fees unless a successful recovery is achieved.

About Robbins LLP

Established in 2002, Robbins LLP has built a reputation as a leader in shareholder rights litigation. The firm is dedicated to representing shareholders' interests, helping them recover losses while working towards enhanced corporate governance. With an experienced team, Robbins is committed to holding corporate executives accountable for their actions.

For stockholders wishing to remain informed, Robbins LLP recommends subscribing to their Stock Watch notifications, which alert you to any class action settlements or instances of corporate misconduct.

If you qualify as an investor impacted by this situation or need further information regarding your rights, please contact Robbins LLP directly. The firm is here to assist with navigating these tough waters and securing the accountability that investors deserve.