Management

Rajneesh Vig , Chairman and Chief Executive Officer

Mr. Vig serves as BlackRock TCP Capital Corp’s Chairman and Chief Executive Officer and is a member of Blackrock's Global Credit Platform. Mr. Vig also serves as the CEO of both BlackRock Private Credit Fund and BlackRock Direct Lending Corp.

Prior to joining BlackRock, Mr. Vig was a Managing Partner at Tennenbaum Capital Partners (TCP), where he was also Chairman of the Investment Committee and a member of the Management Committee. Prior to TCP, Mr. Vig held roles within Investment Banking, Debt Capital Markets and the Structured Solutions Group at Deutsche Bank Securities from 1999 through 2006.

He currently chairs Blackrock Private Credit's Investment Committee and is a member of the Credit Oversight Committee. He also serves on the Los Angeles Board of the Posse Foundation.

  • M.B.A. in Finance from New York University
  • B.A. (magna cum laude) in Economics from Connecticut College

Philip Tseng, President

Mr. Tseng serves as BlackRock TCP Capital Corp’s President and is a member of Blackrock's Global Credit Platform. Mr. Tseng also serves as the President of both BlackRock Private Credit Fund and BlackRock Direct Lending Corp.

Prior to joining BlackRock, Mr. Tseng was a Managing Partner at Tennenbaum Capital Partners (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, Captain of the Men's Varsity Tennis Team

Erik L. Cuellar , Chief Financial Officer

Erik L. Cuellar serves as Chief Financial Officer for BlackRock TCP Capital Corp. and is a member of Blackrock's Global Credit Platform.

Mr. Cuellar joined BlackRock in 2018 following the acquisition of Tennenbaum Capital Partners, LLC. Prior to joining TCP in 2011, 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.

  • Certified Public Accountant in the State of California
  • B.S. in Accounting from California State University Northridge

Laurence D. Paredes, Secretary

Laurence D. Paredes serves as Secretary of BlackRock TCP Capital Corp. and is a member of BlackRock's Legal and Compliance team.

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 and a global public relations firm with 17 North American offices and a network of nearly 100 international offices. Before joining Porter Novelli, Inc., Mr. Paredes was with the law firms of Spitzer & Feldman P.C. and Beckman, Millman & Sanders LLP, where he practiced corporate, securities and investment management law.

Mr. Paredes is admitted to the Bars of the States of New York, Connecticut and New Jersey, as well as the United States District Court for the District of New Jersey. He has served as a Trustee of the Rye Country Day School, as well as President of the Rye Country Day School Alumni Executive Board.

  • B.A. (Economics) from Hobart College
  • J.D. from the Benjamin N. Cardozo School of Law

Diana Huffman, General Counsel

Diana Huffman is General Counsel of BlackRock’s Business Development Companies: BlackRock TCP Capital Corporation (“TCPC”), BlackRock Direct Lending Corp., and BlackRock Private Credit Fund.

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 the lead attorney for retail funds (mutual funds, actively-managed ETFs, and closed-end funds) and Chief Legal Officer for its BDC. 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.

  • BA degree, summa cum laude, from Boston University in 2004 in International Relations
  • JD degree from Fordham University School of Law, cum laude, in 2009

Jason Mehring, Chief Operating Officer

Jason Mehring serves as BlackRock TCP Capital Corp’s Chief Operating Officer as well as the Chief Operating Officer of BlackRock Direct Lending Corp. He 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 29 years’ experience in middle market investing including his 18 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.

  • 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)

Ariel Hazzard, Chief Compliance Officer

Ariel Hazzard, Director, is the Chief Compliance Officer of BlackRock's business development companies, including TCPC, and two alternative closed-end funds. Ariel is also responsible for the oversight of BlackRock's index ETF business. Ariel 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, Ariel 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. 

  • Boston College with a B.S. in Finance and Marketing 
  • J.D. from the Maurice A. Deane School of Law at Hofstra University. Ariel is licensed to practice law in the state of New York

Michaela Murray, Investor Relations

Investment Committee

Rob DiPaolo, Managing Director

Rob DiPaolo, Managing Director, is a member of Blackrock's Global Credit Platform. He is a Portfolio Manager/Research Analyst focused on middle market performing loans and special situations largely in the US. Mr. DiPaolo heads industry coverage for building products, transportation, industrial services, agriculture and engineering and construction. He has been at BlackRock and its predecessor, Tennenbaum Capital Partners, since 1999. Prior to his current role, Mr. DiPaolo was the firm's Chief Financial Officer and was responsible for building Tennenbaum's financial reporting, processes and controls and operating infrastructure.

Jason Mehring, Managing Director and Chief Operating Officer

Jason Mehring serves as BlackRock TCP Capital Corp’s Chief Operating Officer as well as the Chief Operating Officer of BlackRock Direct Lending Corp. He 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 29 years’ experience in middle market investing including his 18 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.

  • 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)

Philip Tseng, Managing Director and President

Mr. Tseng serves as BlackRock TCP Capital Corp’s President and is a member of Blackrock's Global Credit Platform. Mr. Tseng also serves as the President of both BlackRock Private Credit Fund and BlackRock Direct Lending Corp.

Prior to joining BlackRock, Mr. Tseng was a Managing Partner at Tennenbaum Capital Partners (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, Captain of the Men's Varsity Tennis Team

Rajneesh Vig , Chairman and Chief Executive Officer

Mr. Vig serves as BlackRock TCP Capital Corp’s Chairman and Chief Executive Officer and is a member of Blackrock's Global Credit Platform. Mr. Vig also serves as the CEO of both BlackRock Private Credit Fund and BlackRock Direct Lending Corp.

Prior to joining BlackRock, Mr. Vig was a Managing Partner at Tennenbaum Capital Partners (TCP), where he was also Chairman of the Investment Committee and a member of the Management Committee. Prior to TCP, Mr. Vig held roles within Investment Banking, Debt Capital Markets and the Structured Solutions Group at Deutsche Bank Securities from 1999 through 2006.

He currently chairs Blackrock Private Credit's Investment Committee and is a member of the Credit Oversight Committee. He also serves on the Los Angeles Board of the Posse Foundation.

  • M.B.A. in Finance from New York University
  • B.A. (magna cum laude) in Economics from Connecticut College

Dan Worrell, Managing Director

Dan Worrell, Managing Director, is a member of Blackrock's Global Credit Platform, where he focuses on direct lending and special situation strategies. He is a member of US Private Capital's (USPC) Management Operating Committee and the head of USPC's Underwriting Committee. Mr. Worrell is a voting committee member of US Private Capital (USPC). He is also on the investment committees for Global Credit Opportunities Funds I and II (GCO). He currently serves as a Director on the Board of Icelandic Glacial, and previously on Cognate BioServices, Inc. Mr. Worrell joined BlackRock through the acquisition of TCP Capital, which managed more than $9 billion in committed capital when it was acquired by BlackRock in 2018.

At TCP, Mr. Worrell was a Managing Director and a voting member of its investment committee. He was responsible for sourcing, evaluating, structuring, and executing private debt and equity investments. He led several industry verticals including Healthcare, Consumer Brands, Retail, and Specialty Finance.

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.

  • M.B.A. from Columbia University