Wall St Engine(@wallstengine):BLACKROCK PRIVATE CREDIT FUND VALUATIONS PROBED BY DOJ Bloomberg reports federal prosecutors are scrutinizing valuation practices at BlackRock $BLK TCP Capital. TCPC is a publicly traded business development company tied to BlackRock’s private credit platform. The fund made a rare off-cycle disclosure in January saying it expected to cut asset values by 19%. NAV fell from $8.71 per share at the end of Q3 to $7.07 at the end of Q4. Shares dropped 13% on January 26, the worst day since March 2020. Investors later filed class-action lawsuits alleging the fund made false statements and failed to properly value loans. BlackRock declined to comment. Probes can end without charges.

2026.05.15 20:25

BLACKROCK PRIVATE CREDIT FUND VALUATIONS PROBED BY DOJ Bloomberg reports federal prosecutors are scrutinizing valuation practices at BlackRock $BLK TCP Capital. TCPC is a publicly traded business development company tied to BlackRock’s private credit platform. The fund made a rare off-cycle disclosure in January saying it expected to cut asset values by 19%. NAV fell from $8.71 per share at the end of Q3 to $7.07 at the end of Q4. Shares dropped 13% on January 26, the worst day since March 2020. Investors later filed class-action lawsuits alleging the fund made false statements and failed to properly value loans. BlackRock declined to comment. Probes can end without charges.