M&A - BlackRock TCP Capital Corp.

Form Type: 8-K

Filing Date: 2025-07-01

Corporate Action: Acquisition

Type: New

Accession Number: 000113322825006942

Filing Summary: On July 1, 2025, BlackRock TCP Capital Corp. announced the completion of its acquisition of 100% of the business and assets of HPS Investment Partners, a prominent global credit investment manager. This acquisition was facilitated by Tennenbaum Capital Partners, LLC, which serves as the investment adviser for BlackRock TCP Capital Corp. The investment process is governed by an Investment Committee, the members of which may vary at the discretion of the Advisor. The current voting members include Philip Tseng, Jason Mehring, Dan Worrell, Rob DiPaolo, Vikas Keswani, Michael Fenstermacher, and Grishma Parekh. Details of the acquisition were further disclosed in a press release attached as Exhibit 99.1 to this report, emphasizing the strategic importance of this transaction for expanding the firm’s investment capabilities.

Form Type: 8-K

Filing Date: 2025-05-19

Corporate Action: Acquisition

Type: New

Accession Number: 000114036125019797

Filing Summary: On May 16, 2025, BlackRock TCP Capital Corp.'s wholly owned subsidiary, BCIC Merger Sub, LLC, entered into a Ninth Amendment to its Second Amended and Restated Senior Secured Revolving Credit Facility. This amendment, approved by various parties including Citibank, facilitates the acquisition by BlackRock Inc. of all business and assets of HPS Group Adviser Holdings L.P. and HPS Partners Investment Holdings LLC. This document details the essential amendments to the credit facility and provides a supplemental exhibit that outlines the full terms and conditions.