As of March 31, 2025, BlackRock TCP Capital Corp.’s investment portfolio consisted of debt and equity positions in 146 portfolio companies with a total fair value of approximately $1.8 billion. Debt positions represented approximately 90% of the portfolio fair value, substantially all of which were senior secured debt. Equity positions represented approximately 10% of the investment portfolio.
As of March 31, 2025, the weighted average annual effective yield of our debt portfolio was approximately 12.2%. (1) As of March 31, 2025, approximately 94% of our debt portfolio at fair value had floating interest rates.
(1)Weighted average annual effective yield includes amortization of deferred debt origination and end of term
fees and accretion of original issue discount, but
excludes market discount, any prepayment and make-whole fee income, and any debt investments that are
distressed or on non-accrual status. Weighted average
effective yield on the total portfolio (including debt investments that are distressed or on non-accrual
status and equity investments) was 10.8% as of 3/31/2025.
(2)Industry classification system generally categorizes portfolio companies based on the primary end market
served, rather than the product or service directed
to those end markets. Data as of March 31, 2025. “Other” category includes industries less than 3% of total
investments. Past performance does not guarantee
future returns.