Management and Investment Committee

Mr. Tseng, Managing Director of BlackRock, Inc., is the Chief Executive Officer (“CEO”), a Director and the Chairman of the Board of BlackRock TCP Capital Corp. (“TCPC”) and BlackRock Direct Lending Corp (“BDLC”). Mr. Tseng also serves as the CEO of BlackRock Private Credit Fund. Mr. Tseng also serves as the Co-Chief Investment Officer (“CIO”) for each BDC.

Prior to joining BlackRock, Mr. Tseng was a Managing Partner at TCP, where he was also a member of the Management Committee. Prior to joining TCP, Mr. Tseng was a member of the Credit Suisse First Boston technology investment banking group focusing on technology and business services. While at CSFB, he advised on and executed M&A, public and private equity and structured debt transactions for a broad range of small and large cap companies. He also spent time covering technology services companies as an equity research analyst. Prior to that, he spent time in investment banking at Deutsche Banc Alex Brown. Mr. Tseng currently serves as a Director on the board of the California Science Center Foundation, and previously served as a Director on the boards of First Advantage, Connexity Inc., and Anacomp, Inc.

• M.B.A. from the Harvard Business School
• B.A. (honors) in Economics from Harvard College

Mr. Worrell, Managing Director of BlackRock, Inc., serves as the Co-CIO of BlackRock TCP Capital Corp (“TCPC”), BlackRock Private Credit Fund (“BDEBT”) and BlackRock Direct Lending Corp. (“BDLC”). Mr. Worrell is a member of Blackrock's US Private Capital Group ("USPC"), where he focuses on direct lending and special situation strategies. He is a member of the USPC Management Operating Committee and the head of USPC’s Underwriting Committee, and a voting committee member of USPC. He also serves on the investment committees for other private credit funds managed by BlackRock. Prior to joining BlackRock. Mr. Worrell was a Managing Director at TCP, which he joined in 2007, where he headed multiple industry sectors. Mr. Worrell has been on the Board of Directors of several portfolio companies in the Consumer and Healthcare industries.

Prior to his current role, Mr. Worrell was a High Yield Portfolio Manager with Mulholland Capital Advisors, where he analyzed and invested in high yield credit opportunities, capital structure arbitrage and special situations. He has also previously invested in distressed companies and special situations at Gruss Partners, JP Morgan and as an Investment Manager at a Central Asia-focused private equity fund based in Kazakhstan.

• Mr. Worrell earned an M.B.A. from Columbia University in 1991

Mr. Mehring, Managing Director of BlackRock, Inc., is the President of BlackRock TCP Capital Corp. (“TCPC”), BlackRock Private Credit Fund (“BDEBT”) and BlackRock Direct Lending Corp. (“BDLC”). Mr. Mehring is a voting member and a past Chairman of the investment committee for BlackRock's US Private Capital Group ("USPC"). Mr. Mehring focuses on the team's origination, underwriting and monitoring of middle market private investments, including those made on behalf of the Middle Market Senior Fund ("MMSF"), where he is the lead Portfolio Manager, and other public and private investment funds. These investment vehicles offer middle-market companies flexible financing solutions to meet their current and future capital needs.

Jason has over 30 years’ experience in middle market investing including his 19 years’ experience with the USPC team, joining as a Managing Director at BlackRock Capital Investment Corporation's former advisor in 2005. Mr. Mehring previously spent more than ten years at Banc of America Capital Investors (BACI), an affiliate of Bank of America, Inc., in Chicago, where he held positions of increasing responsibility, becoming a Principal of the firm in 2000. At BACI, Mr. Mehring focused on mezzanine and private equity investing in middle market companies. Prior to joining BACI in 1994, he worked at Firstar Bank, a predecessor to U.S. Bank. Mr. Mehring has also served on a variety of private corporate boards.

• Mr. Mehring has earned an M.B.A from the Kellogg School of Management at Northwestern University
• B.B.A., summa cum laude, in Finance and Economics from the University of Wisconsin Eau Claire (graduating with University Honors)

Mr. Wolfe, Managing Director of BlackRock, Inc., is the Chief Operating Officer (“COO”) of BlackRock TCP Capital Corp. (“TCPC”), BlackRock Direct Lending Corp. (“BDLC”) and BlackRock Private Credit Fund (“BDEBT”). Mr. Wolfe is a Senior Portfolio Manager in the BlackRock's Global Private Debt Platform. He is Head of Portfolio Construction for US Private Capital’s US Direct Lending funds which includes overseeing allocations, portfolio positioning, and liability management. Mr. Wolfe is also Senior Portfolio Manager on BlackRock Credit Strategies Fund (CREDX), COO and Senior Portfolio Manager for BDEBT, and Head of US middle-market CLOs. Mr. Wolfe joined BlackRock through the acquisition of TCP.

At TCP, Mr. Wolfe was a portfolio manager on the US Direct Lending Funds and launched the middle-market CLO platform taking the business to over $1 billion of assets. He also co-led led the development of the firm's proprietary private credit software platform, and was the creator of the Direct Lending fund structure designed (DLF Insurance CLO) for insurance company clients.

Before TCP, Mr. Wolfe was in structured credit at Deutsche Bank for six years focusing on the structuring, issuance, and management of CLOs and other credit strategies. He began his career in 2006 at KSJG LLP in the Advisory group focused on mortgage banking.

• Mr. Wolfe earned a B.S. in Accounting from San Diego State University in 2006
• Mr. Wolfe volunteers his time as a member of the finance and audit committees for the Southern California Golf Association ("SCGA") and Southern California Golf Association Junior Foundation

Mr. Cuellar, Director of BlackRock, Inc., is the Chief Financial Officer (“CFO”) of BlackRock TCP Capital Corp. (“TCPC”), BlackRock Private Credit Fund (“BDEBT”) and BlackRock Direct Lending Corp. (“BDLC”) and is responsible for financial and regulatory reporting. Mr. Cuellar has been at BlackRock and its predecessor, TCP Capital, since 2011.

Prior to his current role, Mr. Cuellar served as Controller for Ares Capital Corporation. Prior to that, Mr. Cuellar was with Metropolitan West Asset Management where he served as the Assistant Treasurer and Principal Accounting Officer for the Metropolitan West Funds. Prior to that, Mr. Cuellar managed the Alternative Investments Group at Western Asset Management Company. Mr. Cuellar began his career with Deloitte & Touche LLP where he was a Senior Auditor in their Financial Services Group.

• Mr. Cuellar earned a B.S. in Accounting from California State University Northridge and is a Certified Public Accountant in California

Mr. Paredes, Managing Director of BlackRock, Inc., is the Corporate Secretary to BlackRock’s business development companies: BlackRock TCP Capital Corp (“TCPC”), BlackRock Private Credit Fund (“BDEBT”) and BlackRock Direct Lending Corp. (“BDLC”). Mr. Paredes also serves at the Private Debt Product Structuring & Fund Board Engagement Lead for BlackRock’s Global Private Debt Business & Product Strategy team. Mr. Paredes is responsible for focusing on the regulatory and legal complexities associated with product structuring, business strategy and client engagement towards the strategic expansion of BlackRock’s global debt product suite. Additionally, Mr. Paredes is responsible for ongoing governance and fund board engagement for the Global Private Debt platform and existing and future business development companies.

Prior to joining BlackRock’s Global Private Debt Business & Product Strategy team, Mr. Paredes was a member of the BlackRock Legal & Compliance Department from 2008 to 2023, where he served as General Counsel to TCPC, BDLC and BDEBT, and also supported BlackRock’s U.S. registered funds business and BlackRock’s U.S. Wealth Advisory business. Mr. Paredes also served as General Counsel of BlackRock Kelso Capital Advisors LLC, as well as General Counsel and Chief Compliance Officer of BlackRock Kelso Mezzanine Partners I, LLC and BKCA Mezzanine Advisors LLC. Prior to joining BlackRock in 2008, Mr. Paredes served as Senior Vice President, General Counsel and Corporate Secretary for Porter Novelli, Inc., an Omnicom Group Inc. agency.

• Mr. Paredes has previously served as a Trustee for the Rye Country Day School and the Frederick Gunn School
• Mr. Paredes received a B.A. (Economics) from Hobart College and a J.D. from the Benjamin N. Cardozo School of Law

Ms. Huffman, Director of BlackRock, Inc., serves as General Counsel of BlackRock’s Business Development Companies: TCP Capital Corp. (“TCPC”), BlackRock Private Credit (“BDEBT”) and BlackRock Direct Lending Corp. (“BDLC”).

Ms. Huffman was also previously General Counsel for BlackRock Capital Investment Corporation, prior to its merger with TCPC in March 2024. Ms. Huffman is Legal Counsel in the Legal & Compliance Department at BlackRock. She is responsible for supporting BlackRock's U.S. regulated funds business, with a focus on retail alts. Ms. Huffman advises on a broad array of legal and regulatory issues impacting U.S. regulated funds, including product development and corporate governance matters.

Prior to joining BlackRock in 2022, Ms. Huffman served as Vice President and Corporate Counsel at PGIM Investments LLC starting in 2015, where she served as Chief Legal Officer for its BDC and as the lead attorney for retail funds (mutual funds, actively-managed ETFs, and closed-end funds). From 2009 to 2015, Ms. Huffman was an associate in the Asset Management group at Willkie Farr & Gallagher LLP, where she focused on the organization and operation of private and regulated funds.

• B.A. (summa cum laude) in International Relations from Boston University
• J.D. (cum laude) from Fordham University School of Law

Ms. Hazzard, Director of BlackRock, Inc., is the Chief Compliance Officer (“CCO”) of BlackRock TCP Capital Corp (“TCPC”), BlackRock Private Credit Fund (“BDEBT”) and BlackRock Direct Lending Corp. (“BDLC”), as well as two alternative closed-end funds. Ms. Hazzard is also responsible for the oversight of BlackRock's index ETF business. She has previously been responsible for the implementation of the registered funds compliance program for the BlackRock's active strategies, including U.S. domiciled mutual funds, closed-end funds and active ETFs.

Prior to joining Blackrock, Ms. Hazzard was a member of the Credit Legal team at Apollo Global Management, LLC where she supported their business development company in addition to closed-end funds and sub-advised accounts. Prior to Apollo, she worked as an ISDA Onboarding Analyst at UBS where she handled a portfolio of derivatives and repo accounts across a variety of strategic clients.

On September 10, 2024, Ariel Hazzard began parental leave and Charles Park became Interim CCO. The Board previously had appointed Mr. Park as Interim CCO to become effective as of the date Ms. Hazzard began parental leave. Ms. Hazzard will resume her role as CCO when she returns from parental leave.

• B.S in Finance and Marketing from Boston College
• J.D from the Maurice A. Deane School of Law at Hofstra University

Mr. Park, Managing Director of BlackRock, Inc., currently serves as Interim CCO of TCPC, BDEBT and BDLC. Mr. Park is Head of Americas Compliance and Global Head of Investment Advisory Compliance. He is also the Chief Compliance Officer for BlackRock's US registered investment advisers, including the investment advisers to the BlackRock BDCs. In this capacity, Mr. Park supervises the teams that provide compliance support to the BlackRock retail and institutional businesses in the Americas, including global compliance surveillance and regulatory engagement and development.

Mr. Park has deep experience in US regulatory compliance impacting investment advisers and investment companies. Mr. Park served as CCO of the BlackRock BDCs until April 2024. He has served as a chief compliance officer to registered investment advisers and registered investment companies since the inception of the CCO rules in the US in 2004, serving as the CCO for BlackRock's US mutual funds and ETFs until 2023. In that capacity, he has overseen compliance programs for firms managing assets in all asset classes and product types. Prior to becoming a CCO in 2004, Mr. Park was a practicing attorney representing investment advisers and investment companies on regulatory and governance matters.

• BA degree in Economics
• JD from University of Michigan in 1989 and 1992, respectively

On September 10, 2024, TCPC, BDLC and BDEBT appointed Mr. Park as Interim CCO of each of the BDCs, while Ariel Hazzard is on parental leave. Ms. Hazzard will resume her role as CCO when she returns from parental leave.