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Faruqi & Faruqi Alerts BlackRock TCP Investors on Class Action Deadline

In a recent notice, the leading national securities law firm, Faruqi & Faruqi, LLP, has reached out to investors of BlackRock TCP Capital Corp. (“BlackRock TCP”) regarding a significant impending deadline. Investors must act before April 6, 2026, to seek the lead plaintiff role in a federal securities class action lawsuit against the company. This notice is particularly crucial for those who have suffered losses exceeding $50,000 in the period between November 6, 2024, and January 23, 2026.

The firm is conducting an investigation into claims that may arise due to alleged violations of federal securities laws by BlackRock TCP. Investors feeling the impact of these losses are urged to get in touch with Josh Wilson, a partner at Faruqi & Faruqi, via the provided contact information to discuss their legal options.

Background of the Investigation

Faruqi & Faruqi's investigation focuses on statements made by BlackRock TCP that may have been misleading or false regarding the company’s financial health and operational capacity. The allegations include that the company's investments were incorrectly valued and that their restructuring efforts did not properly enhance the quality of the portfolio.

A series of events have raised concerns among shareholders. On February 27, 2025, before market open, BlackRock TCP released its financial results from the prior fiscal year, shedding light on significantly weakened portfolio performance. The release disclosed that the number of portfolio companies in non-accrual status had more than doubled, marking a staggering 289% increase in the cost of debt investments that were failing to generate income.

Moreover, the company's net asset value (NAV) was reported to have declined sharply by 22.44%, falling to $9.23 per share, while total realized and unrealized losses surged to almost $195 million for that fiscal year—an increase of 186% compared to the previous year. Despite these troubling revelations, BlackRock TCP insisted that its NAV was accurate, asserting that its portfolio was performing well overall and that efforts were being made to address the ongoing issues.

Following the release, BlackRock TCP's stock price experienced a significant drop of $0.90 or 9.64%, closing at $8.44 per share, attributed to unusually high trading volume as investors reacted to the news. The company’s challenges were further underscored when, on January 23, 2026, it declared another disheartening set of results. The revised NAV was reported to be in the range of $7.05 to $7.09, representing a decline of nearly 23% from the previous year. Consequently, the stock saw a further decline of 12.97%, closing at $5.10 per share.

Importance of Acting Promptly

In the context of this investigation, it is vital for investors to comprehend their rights and consider whether to take action as potential lead plaintiffs. The lead plaintiff is typically the shareholder with the largest financial interest in the case, and this individual will direct the litigation on behalf of the class. Shareholders have the option to engage with the court and advocate for their interests, or they may choose to remain passive and not participate.

Faruqi & Faruqi encourages any individuals who possess further information regarding BlackRock TCP’s practices—such as whistleblowers, former employees, and current shareholders—to reach out. The firm aims to gather additional insights that could strengthen their case.

Investors can stay informed and accessed detailed information regarding the BlackRock TCP class action by visiting the firm’s dedicated webpage or by reaching out to Josh Wilson directly for personalized guidance.

In conclusion, with the deadline for filing claims fast approaching, it is essential for affected shareholders to assess their positions and explore potential legal ramifications to protect their investments. Faruqi & Faruqi stands ready to aid those who have faced losses and need assistance navigating the complexities of securities litigation.