BlackRock TCP Capital Corp. filed SEC Form 8-K: Leadership Update
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Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers. |
Resignation of Rajneesh Vig as Chair and Chief Executive Officer of the Company
On September 16, 2024, Rajneesh Vig informed BlackRock TCP Capital Corp. (the “Company”) of his resignation from his positions as Chair of the Board of Directors of the Company and as Chief Executive Officer (“CEO”) of the Company, effective as of the close of business on November 6, 2024, to pursue other business opportunities outside of BlackRock, Inc., and entered into an agreement regarding the terms and timing of his separation from BlackRock, Inc. Mr. Vig’s resignation is not the result of any disagreement with the Company or with BlackRock, Inc. Mr. Vig will continue to serve as a Director of the Company (and as a trustee or director, as the case may be, of BDLC and BDEBT, each defined below) and an employee of BlackRock, Inc. until the close of business on January 31, 2025 and February 1, 2025, respectively, in order to ensure the smooth transition of his responsibilities.
Appointment of Philip Tseng as Chair and Chief Executive Officer of the Company
On September 16, 2024, the Board of the Company appointed Philip Tseng as Chair of the Board of Directors of the Company and as CEO of the Company, with the appointments effective as of the close of business on November 6, 2024. Mr. Tseng will serve as Chair and CEO until his resignation or removal by the Board. Mr. Tseng is a Managing Director of BlackRock, Inc. Mr. Tseng serves on the Board of Directors of the Company and BlackRock Direct Lending Corp. (“BDLC”). Mr. Tseng will continue to serve as President of the Company, BDLC and BlackRock Private Credit Fund (“BDEBT”) until the close of business on November 6, 2024. Mr. Tseng also was named Chair of the Board and CEO of BDLC and CEO of BDEBT, each effective as of the close of business on November 6, 2024.
Appointment of Other Officers of the Company
In addition, the Board of the Company appointed the following persons to the following positions for the Company and each of BDLC and BDEBT effective as of the close of business on November 6, 2024:
| · | Jason Mehring to the position of President |
| · | Patrick Wolfe to the position of Chief Operating Officer |
| · | Dan Worrell to the position of Co-Chief Investment Officer |
| · | Philip Tseng to the position of Co-Chief Investment Officer |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| BLACKROCK TCP CAPITAL CORP. | |||
| Date: September 16, 2024 | By: | /s/ Laurence D. Paredes | |
| Name: | Laurence D. Paredes | ||
| Title: | Secretary | ||